The Inland Revenue Board of Malaysia has issued a media statement on a tax deduction incentive for COVID-19. The incentive provides a tax deduction for donors who donate cash or goods to be used to address the spread of COVID-19 and help affected people. The incentive is provided for donations to:
- COVID-19 Fund (Ministry of Health Malaysia) - Cash and Goods;
- COVID-19 Fund (National Disaster Management, Prime Minister's Department) - Cash only; and
- Institutions/organizations approved under s…