The Inland Revenue Board of Malaysia (IRBM) has published guidance on the application of subsections 12(3) and 12(4) of the Income Tax Act (ITA) 1967 in determining a “place of business”. The new provisions regarding income derived from a place of business in Malaysia were introduced with effect from 28 December 2018 as part of the Finance Act 2018. Some of the key points of the guidance regarding the application of subsections 12(3) and 12(4) of the ITA are as follows: Subsection 12(3) of the ITA states that the income of a person from a business that is attributable to...