ENTERTAINMENT EXPENSE
(Translation from the original Bahasa Malaysia text)

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INCOME FROM LETTING OF REAL PROPERTY
(Translation from the original Bahasa Malaysia text )

1. This Ruling considers:

1.1 the treatment of rent as a non-business source of income under section 4(d) of the Income Tax Act 1967 (the Act);

1.2 the situations or circumstances where rent or income from the letting of property can be treated as business income of a person under section 4(a) of the Act; and

1.3 how all properties of a person are to be grouped in several categories in computing the statutory income under section 4(d) of the Act. (more…)

“KEY-MAN” INSURANCE
(Translation from the original Bahasa Malaysia text)

1. This Ruling explains:
(i) the deductibility of premium expense paid for a “key-man” insurance policy;
and
(ii) the taxability of insurance proceeds received on “key-man” insurance. (more…)

TAX TREATMENT OF LEAVE PASSAGE
(Translation from the original Bahasa Malaysia text)

1. This Ruling explains the tax treatment of:
(i) leave passage provided for the employee by or on behalf of his employer as a benefit or amenity taxable under gains or profits from an employment; and
(ii) expenditure incurred on leave passage provided to the employee by the employer in ascertaining the adjusted income of the employer.

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ALLOWABLE PRE-OPERATIONAL & PRE-COMMENCEMENT OF BUSINESS EXPENSES FOR COMPANIES
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DEDUCTION FOR BAD &DOUBTFUL DEBTSAND TREATMENT OF RECOVERIES
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KEEPING SUFFICIENT RECORDS (PERSONS OTHER THAN COMPANIES OR INDIVIDUALS)
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KEEPING SUFFICIENT RECORDS (INDIVIDUALS & PARTNERSHIPS) (more…)

KEEPING SUFFICIENT RECORDS (COMPANIES & CO-OPERATIVES) (more…)

PROVIDING REASONABLE FACILITIES AND ASSISTANCE
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