Monday, April 13, 2009

Incentives

Expatriates working in regional offices are taxed only on the portion of their chargeable income attributable to the number of days that they are in Malaysia.

The Malaysia Governement has initiated the Malaysia My Second Home Program that provides incentives for expatriates to own their own property in the country. Some of these include tax exemptions and allowances.

To help reduce the cost of doing business in Malaysia, expenses incurred on audit fees by companies are deemed as allowable expenses for deduction in the computation of income tax.

Last, companies that establish a training institution are eligible for an investment tax allowance for 10 years.


No comments:

Post a Comment