Its time to renovate and refurbish your office !
Currently , expenditure incurred on renovation and refurbishment of business premises is not deductible for tax purposes.
Following the economic stimulus package , the government had announced in order to encourage businessess to carry out renovation and refurbishment of their business premises, a deduction is given for the renovation and refurbishment expenditure to a limit of RM 300,000 from 1st March 2020 to 31 December 2020.
Please feel free to contact us if you require more information on this.
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