Double Deduction For Promotion Of Export

Double deduction in respect of approved outgoings and expenses under the promotion of investments act 1986 schedule income tax promotion of exports rules 1986 double deduction for qualifying expenses for the export of goods or agricultural produce manufactured produced assembled processed packed graded or sorted in malaysia.

Double deduction for promotion of export. Deduction under income tax deduction for promotion of export of professional services rules 2003 p u. I return air fare economy class for a representative of the company or employees in the case of paragraph 6 2 1 k above. Double deduction for costs in obtaining international quality standard certification import duty exemption on raw materials used for the development and production of halal promoted products halal park operators halmas status 100 tax exemption. Double deductions for promotion of export the promotion of exports is a double deduction of revenue expenses incurred.

Emcc tvettunes pnp econvergence. Pu a 171 2007 y a 2007 14. For the purposes of allowing deduction for promotion of export where the two basis periods overlap the period common to both periods shall be deemed to fall in the first basis period only. The conditions that qualify a company to claim a deduction for promotion of exports are.

Types of expenditure qualifying for further deduction for promotion of export. And b the company must be owned more than 50 by the registered proprietor refer to section b5 2 for details of eligible outgoings and expenses. 100 tax exemption on qce. Tax exemption on export sales.

Single deduction under income tax deduction for promotion of exports no 2 rules 2002 p u a 116 2002 and income tax deduction for promotion of exports no 3 rules 2002 p u a 117 2002 respectively. Double deduction restrictions. Double deduction stated above. Deduction for promotion of export provided under promotion of investments act 1986 and income tax deduction for promotion of exports rules 2002 p u.

All resident companies engaged in promotions exports outside malaysia will qualify for the deduction. Outgoings and expenses incurred for promotion of export of services the incentive has been extended to partnerships.