shall be calculated at the following rates unless an election is made in writing to claim initial allowance for that year at the rate of 20% of the qualifying plant expenditure :
   

Rates of Initial Allowance

a.

Building and construction industry

30%

b.

Timber industry

60%

c.

Tin mining industry

60%

   
   
  Malaysia has signed 58 double taxation agreements with the following
countries :

Albania
Arab Republic of Egypt
Argentina
Australia
Austria
Bahrain
Bangladesh
Belgium
Brunei
Canada
Denmark
Federal Republic of Germany
Fiji
Finland
France
Hungary
India
Indonesia
Ireland
Islamic Republic of Iran
Italy
Japan
Jordan
Kazakstan
Kuwait
Malta
Mauritius
Mongolia
Morocco
Myanmar
Namibia
Netherlands
New Zealand
Norway
Pakistan
Papua New Guinea
People's Republic of China
Philippines
Poland
Republic of Czech
Republic of Korea
Romania
Russia
Saudi Arabia
Singapore
South Africa
Sri Lanka
Sudan
Sweden
Switzerland
Thailand
Turkey
United Arab Emirates
United Kingdom
United States of America
Uzbekistan
Vietnam
Zimbabwe
   



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This report is reproduced with permission from Kassim Chan Tax Services Sdn Bhd (36421-T) and Deloitte Touche Tohmatsu Tax Services Sdn Bhd (151497-P). 7th Floor, 3 Cangkat Raja Chulan 50200 Kuala Lumpur, Malaysia or P.O.Box 11151, 50736 Kuala Lumpur, Malaysia.
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