Saturday, October 24, 2009

Max tax rate of 15% for working in Iskandar Malaysia

This is good news!

Quote:
For those who apply and start work in Iskandar Malaysia before 2015, the Government has proposed the maximum tax rate of 15% compared with 26% for the rest of the country.

To be eligible for this tax treatment, they must be engaged in sectors such as green technology, biotechnology, education services, healthcare, creative industry, financial advisory and consultancy services as well as logistic services and tourism.

The innovative and radical tax incentive is seen as a boost to Iskandar Malaysia.

Unquote

Source: http://thestar.com.my/news/story.asp?file=/2009/10/24/budget2010/4970395&sec=budget2010

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