Announcement
15 Aug 2023
In August 2023, the government of Malaysia provided a corporate income tax exemption to qualified manufacturers that hire a minimum of 80% Malaysian employees under the Relocation of Manufacturing Business Incentive Scheme.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jul 2020
Revocation date:
31 Dec 2024
Updated: 15 Aug 2023
Tax or social insurance relief
On 15 August 2023, the government of Malaysia issued Income Tax (Relocation of Manufacturing Business Incentive Scheme) Rules 2023, granting a tax concession to manufacturing companies that employ at ...
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Updated: 15 Aug 2023
Local labour incentive
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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