Malaysia’s Minister of Finance has issued the Income Tax (Deduction for Expenditure in Relation to Industry4WRD Vendor Development Programme) Rules 2022, which were published in the Official Gazette on 30 May 2022. The Industry4WRD (Industry Forward) Vendor Development Programme is a programme certified by the Ministry of International Trade and Industry (MITI) to be implemented by an anchor company in developing a vendor company. Under the programme, a double deduction is provided on the qualifying operating expenditure incurred by an anchor company up to MYR 1 million per year for 3 consecutive years of assessment. The double deduction is available...