Malaysia: Income tax exemption for statutory income derived from qualifying activities by state-owned enterprise PETRONAS and subsidiaries (from 2027 onwards)

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Description

In June 2014, the Malaysian government introduced Income Tax (Exemption) (No. 2) Order 2014. Under the Order, there will be a tax exemption on 50% of the statutory income derived from qualifying activ...

Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2011

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

Eligible firms

state-controlled

Affected Trading Partners

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Affected Sectors

Affected Products

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