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Malaysia: Government provided a CIT exemption to certain manufacturers under the Relocation of Manufacturing Business Incentive Scheme

Description

On 15 August 2023, the government of Malaysia issued Income Tax (Relocation of Manufacturing Business Incentive Scheme) Rules 2023, providing an incentive for hiring local employees in the form of cor...

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Intervention Details

Intervention Type

Local labour incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

01 Jul 2020

Revocation date

31 Dec 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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