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Many tax incentives simply remove part or of the burden of the tax from business transactions. In Malaysia, the corporate tax rate is now capped at 25%. Nevertheless, a company eligible for a certain tax incentive might only pay an average effective tax rate of 7.5%, with only 30% of the company's profit being subjected to tax. This is a good ...
Digital goods are software programs, music, videos or other electronic files that users download exclusively from the Internet. [1] Some digital goods are free, others are available for a fee. The taxation of digital goods and/or services, sometimes referred to as digital tax and/or a digital services tax, is gaining popularity across the globe.
The Multimedia Super Corridor is a government-designated zone in designed to leapfrog Malaysia into the information and knowledge age. It aims to attract companies with temporary tax breaks and facilities such as high-speed Internet access and proximity to the Kuala Lumpur International Airport . MSC Malaysia covers an area of approximately 15 ...
Infrastructure and incentives. Companies inside the FIZ are exempted from sales and services tax. Besides, companies given pioneer status inside the zone are exempted from import and export tariffs, 35% corporate income tax, and 5% development tax for five to ten years.
Malaysia will progressively cut subsidies and launch new taxes including for luxury goods next year as part of economic reforms and to tighten its finances, Prime Minister Anwar Ibrahim said Thursday.
The digital divide in Malaysia refers to the gap between people who have access to certain technologies [1] within the country of Malaysia. The presence of the digital divide is due to several factors that include age, location, and wealth, all of which can contribute to the gap in availability of information communication technology (ICT). [2]
Goods and Services Tax (GST) is a value-added tax or consumption tax for goods and services consumed in New Zealand. GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. [72]
The global minimum corporate tax rate, or simply the global minimum tax (abbreviated GMCT or GMCTR ), is a minimum rate of tax on corporate income internationally agreed upon and accepted by individual jurisdictions in the OECD / G20 Inclusive Framework. Each country would be eligible for a share of revenue generated by the tax.