Malaysia Tax Agency Issues General Ruling on Tax Treatment of Resident Investment Holding Companies

The Malaysian Inland Revenue Board May 28 issued General Ruling No. 2/2024, on the tax treatment of resident investment holding companies. Topics covered include: 1) relevant definitions; 2) the criteria for determining an investment holding company; 3) the tax treatment for investment holding companies that are listed and not listed under the Income Tax Act; 4) permissible expenses and the formulas to determine deduction; 5) exemptions and deductions related to single-tier dividends; and 6) capital allowance and industrial building allowance. [Malaysia, Inland Revenue Board, 05/28/24]

Reference:
View General Ruling No. 2/2024. View Index.