Budget 2021 Malaysia - Key summary for company
Budget 2021 Malaysia - Key summary for company
The tax highlights of Budget 2021 include:
Preferential corporate income tax rate of 0% to 10% for 10 years for manufacturers of pharmaceutical products
Extension and expansion of existing tax incentives that have worked well. In particular, the preferential tax rates of 0% to 10% for selected manufacturers to relocate their operations to Malaysia will be extended to companies in selected services sectors and the application period will be extended to 31 December 2022.
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E4 - Tax Budget 2021 - Business
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