New Public Rulings issued on 7 February 2011

Public Ruling 01/2011 --- Taxation of Malaysian Employees Seconded Overseas

Public Ruling 02/2011 --- Interest Expense and Interest Restriction

The Inland Revenue Board (IRB) has issued the above Public Rulings (PRs) on 7 February 2011. Members are advised to study the full PR thoroughly and submit their comments to the Institute by 7 March 2011 for further action. The PRs may be viewed at the IRB’s website at http://www.hasil.gov.my/goindex.php?kump=5&skum=5&posi=3&unit=1&sequ=1. Members may also view the PRs at http://www.ctim.org.my/cms/news.asp?menuid=14.