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New Malaysian Tax Incentives for 2015

20 January 2015

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Approved Changes

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Malaysia

Malaysia's 2015 Budget, which was enacted 30 December 2014, includes several provisions regarding tax incentives, including: A five year income tax holiday for companies engaged in managing, maintaining and upgrading industrial parks in underdeveloped areas, and a five year 70% income tax exemption for such activities in other areas A 200% capital allowance for manufacturing automation investments up to MYR 4 million for highly labor intensive manufacturing from 2015 to 2017, and automation investments up to MYR 2 million for other manufacturing from 2015 to 2020 Incentives will also be introduced for principal hubs for multinational companies. Those incentive details...