Malaysia has published the Income Tax (Capital Allowance) (Development Cost for Customised Computer Software) Rules 2019, which were made on 27 September 2019. The rules provide for initial and annual allowances equal to one-fifth (20%) of the development costs incurred for customised computer software from the year of assessment 2018. For this purpose, development costs mean consultation fees, payments for rights of software ownership, and incidental fees relating to the development of cust…