The Inland Revenue Board of Malaysia (IRBM) has published an updated FAQ document on the special tax deduction for owners of buildings or business premises that provide rental reductions to SME and non-SME tenants. The special deduction is equivalent to the rental reduction amount, subject to the condition that the reduction should be at least 30% of the existing rental rate for the period. One of the key points of the update is the extension of the special tax deduction. Previously extended to 31 December 2021, the special deduction is now extended to 30 June 2022.