Malaysia 2020 Budget Tabled Including Several Tax Incentive Measures

On 11 October 2019, Malaysia's Minister of Finance tabled in parliament the Budget for 2020. As highlighted in the budget speech, tax-related measures of the Budget are largely focused on incentives and include the following:

• The introduction of tax incentives to further promote high-value-added activities in the Electrical and Electronics (E&E) industry to transition into 5G digital economy and Industry 4.0, including:
  • an income tax exemption for up to 10 years for E&E companies inv…