Tax Incentive for Relocating to Malaysia

Tax Incentive for Relocating to Malaysia

The main objective of this incentive is to assist companies intending to relocate their operations to Malaysia following the global economic crisis which has led to major disruptions of global supply chains.

The incentive is effective from 1 July 2020 until 31 December 2022

Key summary of tax incentive on relocation to Malaysia

  • Tax incentives offered to a new company relocating into Malaysia

    Special tax rate : 0% for 10 years

    Eligible capital investment : RM300m -RM500m

  • Tax incentives offered to a new company relocating into Malaysia

    Special tax rate : 0% for 15 years

    Eligible capital investment : RM500m above

  • New company = a company relocating its manufacturing facility for eligible activities from any country to Malaysia or a company establishing its new operation in Malaysia.

    This company does not have any existing manufacturing operations in Malaysia

  • Tax incentives offered to an existing company relocating into Malaysia

    Investment Tax Allowance : 100% for 5 years

    Minimum eligible capital expenditure RM300 m

  • An existing company = a foreign or locally owned company that has existing manufacturing operations in Malaysia and seeks to relocate its manufacturing operation from outside of Malaysia for a new business segment.

    The products from the new business segment are not part of their expansion project for existing products.

Source :

MIDA Guidelines

http://www.mida.gov.my/faq/faq-penjana-accordion/

㊙️Have questions on MIDA tax incentive? Call KTP.

Visit Us

  • Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

  • Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

KTP Lifestyle

An internal community for our colleagues on work and leisure.

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

#Ktp #Thks

 
 
taxKtp Ktptax incentive, tax rate, Tax incentive, mida, relocation to malaysia