Privileges And Concessions Companies in Malaysia

The Malaysian government offers a number of privileges and concessions to companies operating in the country. These incentives are designed to attract foreign investment and promote economic development.

Some of the main privileges and concessions available to companies in Malaysia include:

- Tax holidays: Companies can enjoy tax holidays of up to 10 years on their income from operations in Malaysia.

- Investment allowances: Companies can claim allowances of up to 100% of their qualifying investment costs.

- Double taxation relief: Companies can enjoy relief from double taxation on their income from Malaysian operations.

- exemptions from import duties: Companies can enjoy exemptions from import duties on a range of goods and equipment used in their business operations.

The Malaysian government has also introduced a number of initiatives to support the development of specific industries. For example, the government has established special economic zones which offer a range of benefits and incentives to companies operating in these zones.