Special deduction under Section 34A of the Income Tax Act 1967 (double deduction) for in-house R&D expenditure
Inland Revenue Board of Malaysia
20/06/2023
STI Tax Incentives
i. Undertake an R&D activity which fulfils the definition of R&D, and its qualifying criteria to qualify as a qualifying R&D activity; ii. A resident for tax purposes in Malaysia; iii. Carrying on a business in Malaysia; iv. Obtain an approval for the R&D activity from the Director General of Inland Revenue of Malaysia (DGIR)
i. Type of R&D form: Borang 1 ii.The guidelines titled Guidelines on The Application Procedure for A Special Deduction in Respect of A Qualifying Research and Development Activity dated 29.12.2021 that can be downloaded under Technical Guidelines from the Inland Revenue Board of Malaysia’s official portal at www.hasil.gov.my.
Encourage companies to conduct in-house R&D activities
Director General Of Inland Revenue Headquarters Inland Revenue Board Of Malaysia Tax Policy Sector Level 17, Hasil Tower Persiaran Rimba Permai, Cyber 8 63000 Cyberjaya Selangor. [For the attention of: Chief Tax Policy Officer]