Lynas does not receive any special treatment for its investment in Malaysia

📆 1/3/2023 1:03 am
📰 theSundaily

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“Lynas only seeks to be treated fairly and equitably, in line with other companies in Malaysia,” it said. theSun thesundaily Lynas Malaysia Parliament localjobs

: 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 Feb 23.

On Feb 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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