Tax treatment

17
Tax Treatment on
Islamic Finance 
in Malaysia
 
3
Expenses eligible for double deduction include expenses incurred on market research and feasibility 
studies, cost of preparing technical information to a person outside Malaysia relating to the type of services offered, 
expenses directly incurred for participating in an event or events verified by MIFC secretariat i.e. a secretariat 
established by Bank Negara pursuant to the MIFC initiatives; accommodation expenses up to RM300 per day and 
sustenance expenses up to RM150 per day for company representatives who travel overseas for business; cost of 
maintaining sales offices overseas as approved by MIFC secretariat and publicity and advertisement expenses in 
any media outside Malaysia. “Event” here means a Global Islamic Financial Forum (GIFF) organised by or on behalf 
of MIFC Secretariat or any exhibition, conference, promotional fair, seminar, summit, road show or meeting or any