Malaysia published the Income Tax (Exemption) Order 2023 and the Income Tax (Relocation of Manufacturing Business Incentive Scheme) Rules 2023 in the Official Gazette on 15 August 2023, which provide different incentives for investment in manufacturing by qualifying companies that have an existing manufacturing operation in Malaysia and qualifying companies that do not. Income Tax (Exemption) Order 2023 The Income Tax (Exemption) Order 2023 is deemed to have effect from the year of assessment 2021 and provides a tax exemption for qualifying existing companies that invest in qualifying activities. An "existing company" means a company that: is incorporated under the...