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.
Published on: Sunday, February 28, 2021
By: Liew Jia Teng
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Singapore: Never looked back since exiting Malaysia over differences in 1965.
FEW would disagree that most multinational corporations invariably favour Singapore over Malaysia when it comes to setting up their regional base or corporate headquarters.
In recent years, other Asean countries – Vietnam, Indonesia and the Philippines, in particular – have also leapfrogged Malaysia as the preferred destination.
Facebook, Google, Amazon, Tencent Holdings, BT Group, BMW, Grab Holdings, Uber Technologies, Allianz, Vodafone Group, Bombardier, Akzo Nobel and CMA CGM are just some of the companies that have made Singapore their Asia-Pacific operational hub.
Mida stated that it has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9bil.
KUALA LUMPUR: Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, the Malaysian Investment Development Authority (Mida) said.
The country remains an attractive investment destination with a favourable environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well market opportunities offered through the 16 Free Trade Agreements that it has signed.
Mida has refuted a recent report by a Singapore daily regarding foreign investors fleeing Malaysia, saying it is incorrect.
The Straits Times
Gross FDI for first nine months of 2020 up 5.8%, says national agency
Shannon Teoh Malaysia Bureau Chief In Kuala Lumpur
PublishedFeb 9, 2021, 5:00 am SGT
https://str.sg/Jr6G
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Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, according to Malaysian Investment Development Authority (MIDA). The Star
‘Malaysia remains alluring investment destination in Asia’
Tue, 9 February 2021
Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, the Malaysian Investment Development Authority (Mida) said.
The country remains an attractive investment destination with a favourable environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well market opportunities offered through the 16 free trade agreements that it has signed.
Mida has refuted a recent report by a Singapore daily regarding foreign investors fleeing Malaysia, saying it is incorrect.