The Inland Revenue
Board of Malaysia has issued and uploaded the following Public Rulings on its
website:-
Public Ruling No.
|
Title
|
Objective (to explain tax treatment on)
|
8/2015
|
Loan or Advances to Director by
a Company
|
a) Loans or advances to director of the company without
interest or with interest rate lower than arm’s length rate
b) Interest income deemed to be received by the Company
from the loans or advances
|
9/2015
|
Deduction of Interest Expense And Recognition of
Interest Income For Loan Transactions between Related Persons
|
a)
When a deduction is
allowed in respect of interest expense in computing the adjusted income from
a source for the basis period for YA ; and
b)
The recognition of
interest income
|
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