On 6 November 2020, Malaysia's Minister of Finance tabled in parliament the Budget for 2021. As highlighted in the Budget speech, tax-related measures of the Budget are largely focused on incentives and include the following: A review (revision) of tax incentives for companies relocating their operations to Malaysia and undertaking new investments, including: an extension of the deadline for application until 31 December 2022 for manufacturing and selected service sectors; a tax rate of 0% up to 10% for 10 years for new companies, and a tax rate of 10% for 10 years for existing companies with a new services...