On 23 November, the Inland Revenue Board of Malaysia issued Public Ruling (PR) No. 8/2016 to explain the types of buildings that qualify as industrial buildings under Schedule 3 of the Income Tax Act 1967 (ITA) for capital allowance purposes. PR 8/2016 covers several buildings types and provides examples of their qualification as an industrial building, including: Buildings used as a factory: Buildings equipped with plant and machinery to carry out the manufacturing or processing of materials to produce a product; and Buildings that houses machinery or plant for the manufacturing or processing of materials or products, or the generation...