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Tax incentives have been useful to a certain extent in the past to attract foreign direct investments into Malaysia.
MALAYSIA has a wide variety of incentives which include incentives granted through income exemption or by way of allowances.
There are specific criteria and rules that govern the treatment of tax incentives.
For example, where incentives are given by way of allowances, any unutilised allowances may be carried forward indefinitely to be utilised against future statutory income except for certain incentives such as reinvestment allowance and investment allowance for approved service projects where a seven-year limitation applies.
Tax incentives have been useful to a certain extent in the past to attract foreign direct investments into Malaysia.