Project Details

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Application Effective on or before 1 July 2019, a person granted financial assistance, > RM500,000 in a controlled transaction include associated person outside Malaysia, associated person outside Malaysia with PE in M’sia and 3rd party outside Malaysia within the same Group globally.
Non-application
  • Individual
  • Specified banks, insurers, reinsurers, takaful and retakaful operators, development financial institutions
  • Construction contractor as defined
  • Property developer as defined
  • Person granted exemption
  • Special Purpose Vehicles
Maximum amount of interest to be deducted Interest expenses restricted to an amount equal to 20% of the tax-EBITDA deducted against adjusted income.

Balance of unutilized amount can be carried forward for the subsequent YA subjecting to conditions.

Financial assistance Financial Assistant refers to any type of monetary help or aid that a person received. E.g. loan, interest-bearing trade credit, advance, debts, etc.
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