Malaysia Issues New Public Ruling on the Classification and Tax Treatment of Micro, Small, Medium Companies

The Inland Revenue Board of Malaysia has issued Public Ruling No. 8/2025, a new public ruling on the classification and tax treatment of micro, small, and medium companies/enterprises (MSMCs/MSMEs), including limited liability partnerships (LLPs). As explained in the Public Ruling, the general definition of MSMEs is provided by the Small and Medium Enterprises Corporation Malaysia (SME Corporation Malaysia), which acts as the central coordinating agency under the Ministry of Development and …