Malaysia published Income Tax (Exemption) (No. 2) Order 2015 in its Official Gazette on 19 March 2015. The Order sets the conditions for the income tax exemption incentive provided for companies that have Multimedia Super Corridor (MSC) status. MSC status is available for companies engaged in qualifying activities related to IT and multimedia products and services. The status provides a number of benefits, including tax exemptions. The exemptions provided for by the Order apply for companies resident in Malaysia that have applied for and obtained MSC status on or after 1 January 2015, and have not conducted the qualifying activities...