The Inland Revenue Board of Malaysia has issued the first edition of Public Ruling No. 2/2022, which provides guidance on the tax incentive for organizing conferences in Malaysia. The incentive is available for: Conference promoters promoting and organizing conferences in Malaysia as their main activity, as per Income Tax (Exemption) (No. 53) Order 2000; and Qualifying persons whose main activities are other than promoting and organizing conferences in Malaysia, as per Income Tax (Exemption) (No. 4) Order 2021. For conference promoters, the incentive is in the form of a tax exemption on 100% of statutory income derived from organizing conferences...