Special Deduction On Rental Reduction - Can taxpayer claim with any gazette order?

Special Deduction On Rental Reduction - Can taxpayer claim with any gazette order?

Special Deduction On Rental Reduction - Can taxpayer claim with any gazette order?

An overview of special deduction on rental reduction to SME

Landlords of business premises that offer reduction or relief of rental payment to SMEs tenants from April 2020 to June 2020 are allowed to claim a special deduction equivalent to the rental reduction amount subject to the condition that the reduction should be at least 30% of the existing rental rate of the determined…

Full FAQ from IRB website

http://lampiran1.hasil.gov.my/pdf/pdfam/FAQ_PRE3.0_RENTAL_REDUCTION_2.PDF

Gazette order on the special deduction on rental reduction

𝐈𝐭 𝐢𝐬 𝐬𝐚𝐝 𝐭𝐨 𝐧𝐨𝐭𝐞 𝐭𝐡𝐞𝐫𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐚𝐳𝐞𝐭𝐭𝐞 𝐨𝐫𝐝𝐞𝐫 𝐟𝐫𝐨𝐦 𝐨𝐮𝐫 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐚𝐭 𝐨𝐮𝐫 𝐭𝐢𝐦𝐞 𝐨𝐟 𝐰𝐫𝐢𝐭𝐢𝐧𝐠.

KTP tax opinion on this special deduction

𝐖𝐞, 𝐚𝐬 𝐚𝐩𝐩𝐫𝐨𝐯𝐞𝐝 𝐭𝐚𝐱 𝐚𝐠𝐞𝐧𝐭, 𝐜𝐚𝐧 𝐧𝐨𝐭 𝐜𝐥𝐚𝐢𝐦 𝐭𝐡𝐢𝐬 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐨𝐧 𝐫𝐞𝐧𝐭𝐚𝐥 𝐟𝐨𝐫 𝐒𝐌𝐄 𝐚𝐬 𝐭𝐡𝐢𝐬 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐭𝐚𝐱 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐡𝐚𝐬 𝐧𝐨𝐭 𝐲𝐞𝐭 𝐛𝐞𝐞𝐧 𝐠𝐚𝐳𝐞𝐭𝐭𝐞𝐝.

𝐂𝐥𝐚𝐢𝐦𝐬 𝐨𝐧 𝐬𝐮𝐜𝐡 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐜𝐚𝐧 𝐨𝐧𝐥𝐲 𝐛𝐞 𝐚𝐥𝐥𝐨𝐰𝐞𝐝 𝐚𝐟𝐭𝐞𝐫 𝐥𝐞𝐠𝐢𝐬𝐥𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐠𝐚𝐳𝐞𝐭𝐭𝐞𝐝.

𝐓𝐡𝐞𝐫𝐞𝐟𝐨𝐫𝐞, 𝐢𝐟 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐮𝐛𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐨𝐟 𝐁𝐍𝐂𝐏 𝐓𝐓𝟐𝟎𝟐𝟎 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐥𝐞𝐠𝐢𝐬𝐥𝐚𝐭𝐢𝐨𝐧 𝐡𝐚𝐬 𝐧𝐨𝐭 𝐛𝐞𝐞𝐧 𝐠𝐚𝐳𝐞𝐭𝐭𝐞𝐝, 𝐭𝐡𝐞 𝐭𝐚𝐱𝐩𝐚𝐲𝐞𝐫 𝐢𝐬 𝐧𝐨𝐭 𝐚𝐥𝐥𝐨𝐰𝐞𝐝 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐚 𝐜𝐥𝐚𝐢𝐦.

𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐚𝐦𝐞𝐧𝐝𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐧 𝐛𝐞 𝐦𝐚𝐝𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐭𝐚𝐱 𝐜𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐁𝐍𝐂𝐏 𝐓𝐓𝟐𝟎𝟐𝟎 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞𝐥𝐲 𝐚𝐟𝐭𝐞𝐫 𝐭𝐡𝐞 𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐭 𝐥𝐞𝐠𝐢𝐬𝐥𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐠𝐚𝐳𝐞𝐭𝐭𝐞𝐝 𝐛𝐲 𝐬𝐮𝐛𝐦𝐢𝐭𝐭𝐢𝐧𝐠 𝐚𝐧 𝐚𝐩𝐩𝐞𝐚𝐥 𝐚𝐬 𝐩𝐞𝐫 𝐩𝐚𝐫𝐚𝐠𝐫𝐚𝐩𝐡 𝟏𝟑𝟏 (𝐀) (𝐚) 𝐚𝐧𝐝 (𝐛) 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐀𝐜𝐭 𝟏𝟗𝟔𝟕.

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