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Malaysia: Tax treatment of charitable donations (COVID-19)

Malaysia: Tax treatment of charitable donations

The Ministry of Finance clarified the tax deductible treatment of donations of cash or donations in-kind made to a program established by a charity or community project to address the coronavirus (COVID-19) pandemic.

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Taxpayers may file claims for deductible treatment of donations pursuant to section 34(6)(h) of the Income Tax Act, 1967 by submitting an application to the Ministry of Finance. Donations and contributions made to approved charity and community projects will be allowed as deductions that can be applied against the gross business income of the donors.   

When no application is made, a tax deduction can be claimed on these donations, under section 44(6) of the income tax law.

Read an April 2020 report prepared by the KPMG member firm in Malaysia

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