The Inland Revenue Board of Malaysia (IRBM) has published Public Ruling No. 12/2022 and Public Ruling No. 13/2022, which provide guidance on the tax incentives for the commercialization of public resource-based research and development (R&D) findings in Malaysia. Public Ruling No. 12/2022 provides guidance on the tax incentive available to a company that invests in its related company for the sole purpose of financing the commercialization of public resource-based R&D findings in Malaysia (the investor company), while Public Ruling No. 13/2022 provides guidance on the tax incentive available for the related company invested in (the related eligible company). For the...