The Guidelines for Applying for the Special Tax Incentive to relocate businesses to Malaysia
The Government announced the Special Tax Incentive (for the Company) through the announcement of PENJANA on 5 June 2020. The main objective of this incentive is to attract investors to relocate their businesses to Malaysia by addressing the risk of re-shoring. Under Budget 2021, the Government has announced the Special Income Tax Treatment (for Individuals) […]
BioNexus Status 3.0 Framework Guideline
BioNexus is a special status awarded to qualified international and Malaysian biotechnology companies. The status bestows fiscal incentives, grants and other guarantees to assist growth. This status is awarded to qualified companies undertaking biotechnology activities. BioNexus 3.0 Framework: Continuous changes Throughout the previous 2 phases of the National Biotechnology Policy (NBP), BioNexus Status was reviewed […]
Guideline for Shipbuilding and Ship Repairing (SBSR) Incentive
In 2016, Malaysia introduced an incentive for the Shipbuilding and Ship Repairing (SBSR) industry with the aim of encouraging industry players to build their capabilities and capacities to meet the ever-challenging and competitive global landscapes. The incentive was set to expire, but it has been extended until 31 December 2022 to drive investments in the […]
Malaysia’s Aerospace Industry
Malaysia has world-class infrastructure and is strategically located in the largest air travel market, making it a cost-effective location for aerospace projects. The Malaysian government considers the industry a catalytic high-value industry under its 11th Malaysia Plan (11MP) and beyond and has implemented the Malaysian Aerospace Industry Blueprint 2030 (MAIB 2030) to drive industry growth. […]
Tax Treatment of Interest/Profit Expense Payable to Banks or FIs during the Moratorium Period
This Technical Guideline aims to explain the tax treatment on interest/profit expenses payable to banks or financial institutions during the moratorium period. A moratorium is a temporary suspension of loan/financing repayments (principal and interest/profit) without late payment charges, introduced under the PRIHATIN economic stimulus package to help borrowers facing financial difficulties due to the Covid-19 […]
