Iras Corporate Tax Rebate Ya 2024.  — as part of budget 2024, a cit rebate of 50% of the corporate tax payable will be granted to all taxpaying companies, regardless of their tax residency status. Corporate income tax (“cit”) rebate for the year of assessment (“ya”) 2024.

Enterprise financing scheme will be enhanced with their maximum working capital loan quantum. As announced in budget 2024, to help companies manage rising costs, a cit.