The Inland Revenue Board of Malaysia (IRBM) has issued Public Rulings No. 5/2020 and No. 6/2020 on the tax treatment of R&D expenditure. The two public rulings update and replace Public Ruling No. 5/2004 - Double Deduction Incentive on Research Expenditure and the Addendum to that Public Ruling.

Public Ruling No. 5/2020 concerns qualifying R&D activity for available incentives. This i…