Malaysia Public Ruling on Industrial Building Capital Allowances
On 23 November, the Inland Revenue Board of Malaysia issued Public Ruling (PR) No. 8/2016 to explain the types of buildings that qualify as industrial buildings under Schedule 3 of the Income Tax Act 1967 (ITA) for capital allowance purposes. PR 8/2016 covers several buildings types and provides examples of their qualification as an industrial building, including:
- Buildings used as a factory:
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