Double Tax Deduction

ACKNOWLEDGEMENT OF DOUBLE TAX DEDUCTION FOR RIMC AS A RESEARCH INSTITUTION

As regards to the above-mentioned subject.

For your information, the Ministry of Finance has agreed to acknowledge RIMC (Research and Innovation Management Centre) as a research institution bound under the Income Tax 1967 (Section 34B).

Through this acknowledgement, therefore, any company that provides monetary contributions in funding a research activity or intends to seek for services that are provided by RIMC is entitled for Double Tax Deduction, as long as the form of services are not in conflict with as what has been defined in the Promotion of Investments Act 1986.

Herewith is a copy of the Acknowledgment Letter issued by the Ministry of Finance for your future reference when dealing with external organisation. The Ministry of Finance is still in the process of issuing the official acknowledgment certificate.

For any further inquiry, please contact:

Assoc. Prof. Ts. Dr. Aidi bin Ahmi,
Deputy Director of Special Task Unit,
04-928 4772/011-11105076
aidi@uum.edu.my

Thank you.