Invitation for Public Consultation on Draft Public Ruling – Taxation of Upstream Petroleum (Part 1)

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The Inland Revenue Board of Malaysia (HASiL) would like to inform the public about the release of the draft Public Ruling (PR) on the Taxation of Upstream Petroleum (Part 1).

This draft PR has been made available for public comments and feedback before its finalisation.

The objective of this Public Ruling (PR) is to provide an explanation of the taxation of upstream petroleum in Malaysia from the perspective of the interpretation of the Petroleum (Income Tax) Act 1967 [PITA] and the scope of taxation.

According to HASiL, all views and comments received will be considered, and they may be made public. Therefore, interested individuals or organisations are encouraged to provide valuable feedback on the draft PR.

The draft PR on Taxation of Upstream Petroleum (Part 1) can be downloaded by clicking the attachment below:

152.1-Draft-Public-Ruling-–-Taxation-of-Upstream-Petroleum-Part-1 Download

Comments and feedback should be submitted via email to [email protected]. The deadline for submitting comments is on or before 20 June 2023.

Your participation and input in this public consultation process are highly appreciated.

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