IRBM’s Response to CTIM on Deduction for the Sponsorship of Scholarship to Malaysian Students
Updated: Mar 16
"Income Tax (Deduction for the Sponsorship of Scholarship to Malaysian Student Pursuing Studies at Technical and Vocational Certificate, Diploma, Bachelor's Degree, Master's Degree or Doctor of Philosophy Levels) Rules 2022" (P.U.(A) 49/2022) was gazetted by the Malaysian government on March 7, 2022, to implement an extension and expansion of the Double Deduction for companies that sponsor scholarships.
The amount eligible for the double deduction is expanded to include qualifying expenditures for scholarships relating to all fields of study:
at the technical or vocational certificate level; or
at the diploma, bachelor’s degree, master’s degree, or
doctor of philosophy level.