The Inland Revenue Board of Malaysia (IRBM) has published guidance on the application of subsections 12(3) and 12(4) of the Income Tax Act (ITA) 1967 in determining a “place of business”. The new provisions regarding income derived from a place of business in Malaysia were introduced with effect from 28 December 2018 as part of the Finance Act 2018.

Some of the key points of the guidance reg…