Double Deduction For Promotion Of Export Of Services

Types of deduction i further deduction for promotion of exports further deductions are given for expenses which are of a revenue nature and allowable under section 33 ita 1967.

Double deduction for promotion of export of services. Healthcare services provided in malaysia to foreign clients 2. Export of services 1. Pu a 171 2007 y a 2007 14. Exemption of income for increased exports of.

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. Deduction under income tax deduction for promotion of export of professional services rules 2003 p u. Double deduction for promotion of exports. 2011 amount ing to rm23 000.

Export incentives for services sector. Further deduction of qualifying expenditure for the purpose of export of services professional services. Deduction for promotion of export provided under promotion of investments act 1986 and income tax deduction for promotion of exports rules 2002 p u. Expenses that qualify for further deductions are provided under.

Single deduction for cost of obtaining accreditation for a laboratory or as a certification body. 5 2004 date of issue. Double deduction incentive on research expenditure inland revenue board malaysia addendum to public ruling no. Inland revenue board of malaysia date of issue deductions for promotion of exports public ruling no.

Double deduction for cost of obtaining quality system and standards certification. Outgoings and expenses incurred for promotion of export of services the incentive has been extended to partnerships. A section 41 of the promotion of investments act pia 1986. Double deduction stated above.

16 qualifying services b. A addendum page 2 of 5 of being given a double deduction for each relevant year of assessment.