Income Tax Exemption for Social Enterprise
1. The Budget 2022 was tabled in Parliament on 29 October 2021, It is proposed that: 👉 tax exemption be given on all income for up to 3 years of assessment subject to the validity period of Social Enterprise Accreditation; and 👉 to establish a Joint Committee on Accreditation comprising Yayasan Hasanah and the Ministry […]
Incentive for Manufacturers of Pharmaceutical Products Including Vaccines
1. The following incentives were proposed in Budget 2021 to attract pharmaceutical product manufacturers (including vaccines) to invest in Malaysia : 👉 For the first 10 years, the tax rate will range from 0% to 10%. 👉 For the following 10 years, the tax rate will be 10%. 2. Following the aforesaid suggestion, the MIDA […]
