Tax Incentive for Relocating to Malaysia

The main objective of this incentive is to assist companies intending to relocate their operations to Malaysia following the global economic crisis which has led to major disruptions of global supply chains.

The incentive is effective from 1 July 2020 until 31 December 2022

Key summary of tax incentive on relocation to Malaysia

• Tax incentives offered to a new company relocating into MalaysiaSpecial tax rate : 0% for 10 yearsEligible capital investment : RM300m -RM500m
• Tax incentives offered to a new company relocating into MalaysiaSpecial tax rate : 0% for 15 yearsEligible capital investment : RM500m above
• New company = a company relocating its manufacturing facility for eligible activities from any country to Malaysia or a company establishing its new operation in Malaysia. This company does not have any existing manufacturing operations in Malaysia
• Tax incentives offered to an existing company relocating into MalaysiaInvestment Tax Allowance : 100% for 5 yearsMinimum eligible capital expenditure RM300 m
• An existing company = a foreign or locally owned company that has existing manufacturing operations in Malaysia and seeks to relocate its manufacturing operation from outside of Malaysia for a new business segment. The products from the new business segment are not part of their expansion project for existing products.

Source :

MIDA Guidelines

http://www.mida.gov.my/faq/faq-penjana-accordion/

㊙️Have questions on MIDA tax incentive? Call KTP.

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