Transcription of GUIDELINES ON MSC MALAYSIA FINANCIAL INCENTIVES …
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GUIDELINES ON MSC MALAYSIA FINANCIAL INCENTIVES …
Effective Date: MOF Approval Ref. No. ( )(7) 1 1. ELIGIBILITY CRITERIA To be eligible to apply for the award of MSC MALAYSIA Status and the FINANCIAL INCENTIVES , a company is required to meet the following criteria: (a) a company incorporated under the Companies Act 2016 and resident in MALAYSIA ; (b) proposing to carry out one or more of the MSC MALAYSIA promoted activities as listed in Appendix 1 and has not issued any invoice for such proposed activities in MALAYSIA on the date of application (A company which has issued an invoice may be eligible if it has at least 60% Malaysian equity ownership and has issued its first invoice for such proposed activities in MALAYSIA not more than 12 months prior to the date of ); and (c) not granted by the Government of MALAYSIA tax exemption in respect of the income from any activity on the
Jan 01, 2019 · monthly base salary of RM5k (6) Annual operating expenditure and investment in fixed asset RM3.5mil RM1mil data centre: RM10mil 3 The incentive is designed to be consistent with the minimum standards of the Organization for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) Action 5 Report.
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