Latest News !!!

 

DOUBLE DEDUCTION CLAIMS
UNDER SECTION 34B OF THE INCOME TAX ACT 1967

 

RECOGNITION OF FOREST RESEARCH CENTRE, SABAH AS A RESEARCH INSTITUTION
SINCE 1 JAN 2004


"the only state government agency that is recognized as approved research institution
by the Federal Ministry of Finance"

Definition of Research and Development (Double Tax Deduction)
Any systematic or intensive study carried out in the field of science or technology with the object of using the results of the study for the production or improvement of materials, devices, products, produce or processes, but does not include:
  • quality control or routine testing of materials, devices, products or produce;
  • research in social science or humanities;
  • routine data collection;
  • efficiency surveys or management studies; and
  • market research or sales promotion

Guidelines on Double Deduction Claims Under Section 34B Of The Income Tax Act 1967
download PDF format (83KB)

 

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