On 8 September 2017, the Inland Revenue Board of Malaysia published Public Ruling No. 5/2017 to explain the tax treatment accorded to a real estate investment trust or a property trust fund (REIT/PTF) in Malaysia. The Public Ruling covers:

• The basis year for a year of assessment of a REIT/PTF;
• The special tax treatment for rental income, which was introduced from the year of assessment 2005;
• T…