The Inland Revenue Board of Malaysia (IRBM) has published Public Ruling No. 10/2022 and Public Ruling No. 11/2022, which provide updated guidance on the reinvestment allowance (RA) for manufacturing activity and agricultural and integrated activities, respectively. The RA allows qualifying companies to claim an allowance in an amount equivalent to 60% of qualifying capital expenditure incurred in the basis period for a year of assessment, which may be deducted against up to 70% of statutory i…