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Malaysia sweetens tax incentives for companies to set up hubs

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KUALA LUMPUR: Malaysia said on Tuesday (Oct 8) it would expand tax incentives for companies that use the country as a base for conducting their ...

KUALA LUMPUR: Malaysia said on Tuesday it would expand tax incentives for companies that use the country as a base for conducting their regional or global business.

Companies that have yet to establish a presence in Malaysia can apply for tax rates of 0 per cent and 5 per cent for 10 years based on their investments and job-creation commitments. Previously the tax rates for such companies were 0 per cent, 5 per cent and 10 per cent.

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