Income Tax (The Principal Hub Incentive Scheme) Rules 2022
Principal hub incentive 3.0 It was announced in the Budget 2021 that the deadline for submitting applications for the principal hub incentive will be deferred by an additional two years, to the 31st of December in 2022. The submission deadline had previously been open until the 31st of December 2020. In addition, in connection with […]
3: Tax Incentives for The East Coast Economic Region (ECER) – Tax Exemption
1. The East Coast Economic Region (ECER) was formed in 2007 with the launch of the ECER Master Plan by the Federal Government. 2. The formation of ECER was intended to accelerate economic growth and ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation by […]
1: Tax Incentives for The East Coast Economic Region (ECER) – Tax Exemption
1. The East Coast Economic Region (ECER) was formed in 2007 with the launch of the ECER Master Plan by the Federal Government. 2. The formation of ECER was intended to accelerate economic growth and ensure equitable distribution of wealth across the country, in line with national aspirations to become a high-income developed nation by […]
Labuan company that engages in a qualifying activity under the Global Incentives for Trading program
1. On 23 November 2021, the Minister, in the exercise of the powers conferred by paragraph 127(3)(b) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Exemption) (No. 11) Order 2021 [P.U. (A) 425]. 2. This Order is deemed to have come into operation on 1 January 2019. 3. Subsubparagraphs 3(1)(a) and […]
