MITI [email protected] Announcement on Income Tax Deduction for Expenditure on Provision of Employees’ Accommodation

Companies registered with MITI [email protected] initiative and have an evaluation score of 70% and above are eligible for the one-off tax deduction of up to RM 50,000 on expenses incurred by the company on rental of a premise for the purpose of employees’ accommodation within the period from 1 January 2021 until 31 December 2022.

Other requirements:
(i) CIMS [email protected] Letter; and
(ii) Company is incorporated under the Companies Act 2016; and
(iii) Manufacturing License or ICA 10 Certificate (for exemption from Manufacturing License); and
(iv) Certificate of Accommodation.

The announcement from MITI dated 19 May 2022 can be found here