Imposition of Cukai Makmur
Budget 2022 Highlights – Imposition of Cukai Makmur – PDF 1. To aid the affected parties, effective from the year of assessment 2022 a one-time special tax is known as Cukai Makmur be placed on companies other than MSMEs that generate substantial profits during the COVID-19 pandemic period, It is proposed that: 👉 The first […]
Tax Incentive for Nonresident Individuals Holding Key Positions In Companies
1. On June 5, 2020, the Malaysian government announced the Special Tax Incentive under the Economic Recovery Plan (PENJANA) for manufacturing companies who seek to transfer their operations to Malaysia. 2. Non-Citizen Individuals Holding Key Positions (C-Suite) are taxed at a fixed rate of 15% for 5 years. 3. This tax incentive is limited to […]
