Incentive for Manufacturers of Pharmaceutical Products
Incentive for Manufacturers of Pharmaceutical Products – PDF P.U(A) 34_2022 11
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 […]
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 […]
Special Tax Incentive under the PENJANA: Relocation of Service Activities
Application of Special Tax Incentive for Selected Services Activities under the PENJANA – PDF Guidelines and Procedures for the Application of Special Tax Incentive for Selected Services Activities under the National Economic Recovery Plan (PENJANA) 1. A special tax incentive has been established for manufacturing businesses that transfer their manufacturing operations to Malaysia under the […]
Tax Incentives for Global Trading Centre
1. To improve and simplify tax incentives for trading activities, a new tax incentive in the form of a GTC with a concessionary tax rate of 10% for up to 10 years was suggested in Budget 2021. (made up of an initial five years, extendable for a further five years). 2. In light of the […]
