On 26 March 2020, the Inland Revenue Board of Malaysia (LHDNM) announced that incentives in the form of tax deductions would be given to taxpayers who provide donations, either in the form of cash or items, to certain designated recipients in an effort to contain the COVID-19 pandemic which is sweeping the nation.

We shall address several tax frequently asked questions (FAQs) related to donations to COVID-19 funds.

Please click here to download the FAQs and here to download the press release statement by the Inland Revenue Board of Malaysia dated 26 March 2020.

For more insight into this area of law, please contact our Partner in the Tax Practice Group:
Feruz Anwar Seth