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Malaysia: Government exempted income tax for local ship company

Description

On 6 October 2022, the government of Malaysia issued the Income Tax (Exemption) (No. 7) Order 2022 [P.U. (A) 312/2022], exempting income tax for Malaysian shipping companies. The business activities s...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2021

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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