OrbitaxMalaysia Issues Public Rulings on BioNexus Status Companies and Real Estate Investment Trust and Property Trust Fund Distributions
|Approved Changes|Malaysia
The Inland Revenue Board of Malaysia (IRBM) has issued Public Ruling (PR) No. 8/2018, which explains the tax treatment in respect of tax incentives for a BioNexus status company in Malaysia. BioNexus status is a special status awarded to qualified international and domestic biotechnology companies undertaking value-added biotechnology or life sciences activities. Companies that have been award…
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