Public Ruling No. 1/2013 on the Deductions for Promotions of Exports (PR) was issued on 4 February 2013 by the Inland Revenue Board (IRB). The Public Ruling provides clarification on the deductibility of expenditure incurred for the promotion of exports under section 41 of the Promotion of Investments Act 1986 and the following gazette orders: -   Income Tax (Promotion of Exports) (Amendment) Rules 2001 [P.U.(A) 170/2001]; -   Income Tax (Promotion of Exports) Rules 2002 [P.U.(A) 115/2002]; -   Income Tax (Promotion of Exports) Rules (No. 2) 2002 [P.U.(A) 116/2002]; -   Income Tax (Promotion of Exports) Rules (No....