Tax rebate RM20,000 for new company

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𝗢𝘂𝗿 𝗣𝗠 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗱 𝗮 𝘀𝗲𝗿𝗶𝗲𝘀 𝗼𝗳 𝘁𝗮𝘅 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲 𝘂𝗻𝗱𝗲𝗿 𝗣𝗲𝗻𝗷𝗮𝗻𝗮 𝗼𝗻 𝟱/𝟲/𝟮𝟬𝟮𝟬. 𝗢𝗻𝗲 𝗼𝗳 𝘁𝗮𝘅 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲 𝗶𝘀 𝘁𝗮𝘅 𝗿𝗲𝗯𝗮𝘁𝗲 𝗥𝗠𝟮𝟬,𝟬𝟬𝟬 𝗽𝗲𝗿 𝘆𝗲𝗮𝗿 𝗳𝗼𝗿 𝟯 𝘆𝗲𝗮𝗿𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗶𝗻𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗻𝗲𝘄 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗳𝗼𝗿 𝗦𝗠𝗘.

▸ Income tax rebate up to RM20,000 per year for 3 years of assessment for newly established SME between 1st July 2020 to 31st December 2021

▸ Stamp duty exemption for SMEs on any instruments executed for Mergers and Acquisitions (M&As), for period between 1st July 2020 to 30th June 2021

At the time of writing, we understand which can not confirm 100% accuracy :

• The new company is incorporated under the Company Act 2016
• The new company is defined under SME being share capital less than RM2.5 million and annual sales not more than RM50 million .
• Others conditions to be specified. #ktp
  #thk
  #penjana
  #newcompany
  #taxrebaterm20000
  #detailsnotout

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