The Inland Revenue Board of Malaysia has issued Public Ruling No. 1/2024, Investment Tax Allowance – Promoted Product Under The Manufacturing Sector. The Public Ruling provides specific guidance in relation to the manufacturing sector in addition to the guidance provided earlier by Public Ruling No. 4/2023, Investment Tax Allowance - Overview. --- Objective This Public Ruling (PR) provides an explanation regarding the investment tax allowance that can be applied for by a company which participates or intends to participate in a business in the manufacturing sector in relation to the production of a promoted product that is listed in Malaysia,...