Malaysia Introduces Joint Incentive Package with Singapore for Investment in Advanced Sectors

Malaysia's Ministry of Finance has announced the introduction of a joint incentive package with Singapore. The Johor-Singapore Special Economic Zone (JS-SEZ) provides, among other things, a special corporate tax rate of 5% for 15 years for companies undertaking new investments in advanced sectors such as Artificial Intelligence (AI), quantum computing, medical devices, aerospace manufacturing, and global services hubs. This and other incentives are effective from 1 January 2025.

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