The Inland Revenue Board of Malaysia (IRBM) recently published updated Guidelines on the Application Procedure for a Special Deduction in Respect of a Qualifying Research and Development Activity. The IRBM has also published the related forms and attachments, which are available on the Technical Guidelines webpage. --- INTRODUCTION The purpose of this guideline is to explain the: 1.1 Application procedure for an approved qualifying research and development (R&D) activity that qualifies for a special deduction under section 34A of the Income Tax 1967 (ITA); and 1.2 Requirement to complete the relevant forms for submission when a claim is made for...