Income Tax (Deduction for Expenditure on Issuance of Islamic Securities Pursuant to Principles of Murabahah and Bai’ Bithaman Ajil) Rules 2011 [P.U. (A) 355-2011]
The Rules prescribe that expenditure incurred for the issuance of Islamic Securities approved by the Securities Commission or the Labuan Financial Services Authority shall be allowed a deduction in arriving at the adjusted income of the business of a Malaysian resident company. These rules are effective from the year of assessment 2011 until the year of assessment 2015
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