The Inland Revenue Board (IRB) has on 12 October 2012 issued
the Public Ruling (PR) No. 6/2012: Reinvestment Allowance (RA), the new PR will
replace the PR 2/2008 dated 3 April 2008. This PR provides clarification on the
projects and expenditure that qualify RA, period of eligibility for RA and
computation of RA.
The
PR claim procedure includes the recent announcement by IRB that Incentive Claim
Form LHDN/BT/RA/2007 need not be submitted to IRB, the original copy of the
claim form is to be kept by the claimant company together with the supporting
documents for audit purposes.
Source : Inland Revenue Board of M'sia
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