The Ministry of International Trade and Industry (MITI) has issued an announcement regarding the Safe@Work Initiative - Tax Deduction For Expenditure On Provision Of Employees’ Accommodation Subject To A Maximum Amount Of Rm50,000 – announcement as follows:
It is informed that the Ministry of Finance Malaysia (MOF) has approved and gazetted the Income Tax (Deduction for Expenditure on Provision of Employee Accommodation) Rules 2021, P.U. (A) 470 dated 24 December 2021. Accordingly, companies that have applied under MITI Safe@ Work with an evaluation score of 70% and above (please download the CIMS Safe@Work letter as proof of eligibility) is eligible to claim a tax deduction for expenditure on the provision of employees’ accommodation as stated in the gazette provided: