MSC Malaysia - Tax Benefits

01Background

Since its introduction in 1996, MSC Malaysia has catalysed and transformed Malaysia into a knowledge-based economy. The strategic initiative was created to foster a conducive ecosystem driven by high-end infrastructure development and ICT companies’ catchment within the identified corridors.

MSC Malaysia, driven by the Malaysia Digital Economy Corporation (MDEC) as

the nation’s lead digital economy agency, has contributed immensely towards the growth of the nation’s digital economy.

Since 1996 Malaysia has attracted 2,794 active MSC-status companies.

02What is Multimedia Super Corridor Status?

In 1996, Malaysia launched the Multimedia Super Corridor ("MSC") initiative, aimed to promote and boost Malaysia's digital economy by offering a range of incentives, including tax exemptions to companies who are eligible to attain MSC status.

03MSC Tax Benefits

Overall incentive

• 100% pioneer status exemption of statutory income (Tier 1 & Tier 2)
• 5 + 5 years (if extension approved) (Tier 1 & Tier 2)
• 70% pioneer status exemption of statutory income (Tier 3)
• 5 + 5 years (if extension approved) (Tier 3)

Category of Tier

• Tier 1 = Designated premises within MSC Malaysia Cybercities or Cybercentres
• Tier 2 = Other commercial premises within MSC Malaysia Cybercities or Cybercentres
• Tier 3 = Not applicable

Other incentives

• 100% Investment Tax Allowance on new investments from the date on which the first qualifying capital expenditure.
• Eligible for R&D grants.
• Freedom to source capital globally.
• Freedom of ownership by exempting companies from local ownership requirements.
• Unrestricted employment of foreign knowledge workers

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An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

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