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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 ...
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 digital economy makes up 15.5% of global GDP in 2021 and has grown two and a half times faster than global GDP over the past 15 years, according to the World Bank. [ 2 ]
MSC Malaysia. MSC Malaysia (formerly known as the Multimedia Super Corridor, and known as the MSC; Malay: Koridor Raya Multimedia) is a special economic zone and high-technology business district spanning the federal territories of Kuala Lumpur and Putrajaya, central-southern Selangor and parts of western Negeri Sembilan, Malaysia.
Innovation in Malaysia describes trends and developments in innovation in Malaysia . In 2015, the Najib Razak coalition government estimated that 6% annual growth would be necessary to reach high-income status by 2020. [ 1] It's more than the average for the previous decade and average for 2016-2019 (4.8%), according to the World Bank .
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]
A tax incentive is an aspect of a government's taxation policy designed to incentivize or encourage a particular economic activity by reducing tax payments. Tax incentives can have both positive and negative impacts on an economy. Among the positive benefits, if implemented and designed properly, tax incentives can attract investment to a country.
Donations to a Malaysian orangutan conservation programme will be eligible for tax relief, including on funds that come from palm oil industry players, the overseeing foundation said on Wednesday.
On May 8, 2017, Media Prima Bhd, Malaysia's largest integrated media group, announced the landmark acquisition of 100 per cent equity interest in REV Asia Holdings Sdn Bhd, a subsidiary of Rev Asia Bhd and one of Southeast Asia's leading digital media groups for RM105 million.