Malaysia provides tax incentives for corporations, employees in Johor financial zone

KUALA LUMPUR (Reuters) – Malaysia will provide a slew of tax incentives for corporations and employees in its particular financial zone with Singapore within the southern state of Johor, its finance ministry stated on Wednesday. 

The incentives, efficient Jan. 1, embrace a tax price of 5% for as much as 15 years for corporations endeavor new investments in manufacturing and companies, similar to synthetic intelligence and quantum computing provide chain, medical gadgets, and aerospace manufacturing.

Expert employees can even be provided an revenue tax price of 15% for 10 years.