Public Ruling No. 12/2013 : Rescuing Contractor and Developer

The Inland Revenue Board (IRB) has on 17 December 2013 issued the Public Ruling No. 12/2013 : Rescuing Contractor and Developer.  

The Public Ruling explains the tax treatment of a rescuing contractor or developer appointed to revive an abandoned project certified by the Minister of Urban Wellbeing, Housing and Local Government (MUHLG).


Source : IRB Website