KUALA LUMPUR, Feb 28 — Lynas Malaysia Sdn Bhd has not received any special treatment or benefits since starting its operations in Malaysia.
“Malaysia awards Pioneer Tax Status to attract foreign investment in projects of national and strategic importance. These projects involve heavy capital investment, new and emerging technologies and specialised machinery and equipment. The statement was issued in relation to comments made about Lynas’ Pioneer Tax Status in Parliament on February 23.
On February 23, the media reported that Science, Technology and Innovation Minister Chang Lih Kang told the Dewan Rakyat that Lynas did not pay a single sen in corporate taxes as it had been given tax-exempt status by the government for 12 years.
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