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Malaysia Introduces Tax Exemption for Capital Expenditure on Manufacturing Automation

|Approved Changes|Malaysia
Malaysia

On 30 August 2017, Malaysia published Income Tax (Exemption) (No.8) Order 2017 in the Official Gazette, which introduces a tax exemption based on qualifying capital expenditure relating to automation equipment used by manufacturing companies resident in Malaysia. The Order provides for an income tax exemption on statutory income derived from a qualifying project that is equivalent to a 100% acc…

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