On 27 August 2015, the Inland Revenue Board of Malaysia published Qualifying Expenditure and Computation of Capital Allowances - Public Ruling (PR) No. 6/2015, which provides guidance on tax treatment in relation to qualifying expenditure on plant and machinery for claiming capital allowances and the computation of capital allowances.
The main areas covered, with several examples, include:
- Qualifying Expenditure, including details for:
- Incidental expenditures;
- Vehicles;
- Hire purchase assets…