Tax Whiz | Guidelines on the Application for Approval of a Covid-19 Relief Fund Under Subsection 44(11C) of the Income Tax Act, 1967

The Malaysian Inland Revenue Board (“MIRB”) has, on 5 May 2020, issued the “Guidelines on the Application for Approval of a Covid-19 Relief Fund Under Subsection 44(11C) of the ITA”.  Under Subsection 44(11C) of the ITA, a tax deduction against the aggregate income of a person (subject to restriction) is allowed for cash donations or contributions in-kind, made by the person for any project of national interest approved by the Ministry of Finance (“MOF”). The issuance of the Guidelines demonstrates that the MOF recognises the initiatives to fight against the Covid-19 outbreak as a project of national interest.

The above Guidelines explain the conditions and procedures in applying for the approval of a Covid-19 Relief Fund (“Relief Fund”), including:

• eligibility criteria for the applicants;
• qualifying recipients of the Relief Fund; and
• qualifying donations.   

We have summarised the salient points of the Guidelines in our Tax Whiz.  The Tax Whiz and the MIRB’s Guidelines can be accessed via the above links.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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