Extension of Tax Incentive for Global Trading Centre

Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – This tax incentive included in Budget 2023, tabled in Parliament on 7 October 2022, was not included in Budget 2023 (Re-tabled) […]

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 […]

Tax Incentives for Sabah Development Corridor (SDC)

1. The Sabah Development Corridor (SDC) Blueprint, which was launched on 28 January 2008, is implemented with the aim of bringing the quality of life of Sabah’s people up another level as well as accelerating the economic growth for Sabah while promoting regional balance and bridging the rural-urban divide and concurrently ensuring sustainable management of […]

Income Tax (Exemption) (No. 13) 2013 (Amendment) Order 2021

1. On 9 December 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. 13) 2013 (Amendment) Order 2021 [P.U. (A) 448]. 2. This Order has effect from the year of assessment 2021. 3. Join our Telegram: […]