KUALA LUMPUR (Reuters) – Malaysia will offer a range of tax incentives to companies and workers in its special economic zone with Singapore in the southern state of Johor, the Finance Ministry said on Wednesday.
The incentives, which take effect on January 1, include a 5% tax rate for up to 15 years for companies that make new investments in manufacturing and services, such as artificial intelligence and quantum computing supply chain, medical devices, and aerospace manufacturing.
The income tax rate for skilled workers will also be offered at 15% for 10 years.
