On 14 February 2014, the International Trade and Industry Minister announced a flat rate of 20% for 5 years for Small-Medium Enterprises (SMEs) which merge (currently, SMEs only enjoy the reduced corporate tax rate of 20% for the first MYR 500,000 of chargeable income).
According to reports, applicants must be 100% Malaysian owned and must be SMEs with annual sales turnover not exceeding MYR 20 mi…