The Inland Revenue Board of Malaysia has issued Public Ruling No. 3/2018 to explain the tax treatment in relation to qualifying building expenditure (QBE) and the computation of industrial building allowances (IBA). Qualifying Building Expenditure (QBE) One of the main aspects of the Public Ruling is the clarification of what constitutes QBE. QBE is capital expenditure incurred by a person on the cost of: Constructing the original building, which would include the cost of constructing additions or rebuilding of that building, renovations, and alterations; or Purchase of a building; provided that the building is used as an industrial building for...