Malaysia-Singapore economic zone introduces tax incentives with rates as low as 5% - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Exploring the Origins, Celebrations, and Myths of Black History Month
user-iconGloria Terra
side-post-image
Luka Dončić Traded to Lakers in Monumental Deal for Anthony Davis, Shakes NBA Landscape
user-iconSam Striker
Contact Phone:
Economy

Malaysia-Singapore economic zone introduces tax incentives with rates as low as 5%

share-iconWednesday, January 08 comment-icon3 weeks ago 10 views
News sources:
scmpSCMP
Malaysia-Singapore economic zone introduces tax incentives with rates as low as 5%

Credited from: SCMP

  • Malaysia has announced tax incentives to attract investments in its joint economic zone with Singapore, expected to boost the economy by US$26 billion annually by 2030.
  • The package includes a special company tax rate of 5% for 15 years, aimed at drawing investments in key sectors like AI, medical devices, and aerospace.
  • This initiative follows the official launch of the Johor-Singapore Special Economic Zone, which is almost twice the size of Shenzhen, China.
  • Knowledge workers in the zone can benefit from a special income tax rate of 15% for a decade, compared to current rates in Malaysia.
  • Additionally, tailor-made incentives and lower duties will be provided to businesses within the economic zone.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Malaysia Singapore Economic zone Tax incentives Investment Johor
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 08, 2025 Trae Young's Buzzer-Beater Secures Dramatic Victory for Hawks Over Jazz
date-iconJanuary 08, 2025 Minnesota Wild Display Remarkable Resilience Amid Injuries in Season's First Half
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Cracks in AI Dominance: Wall Street Reacts to Challenge from China's DeepSeek
date-iconJan 27, 2025
main-post-image
POLITICS
U.S. Government Negotiates Oracle-Led Deal to Take Control of TikTok Amid National Security Concerns
date-iconJan 26, 2025
main-post-image
ECONOMY
Meta Announces Record $60 Billion Investment in AI Infrastructure for 2025
date-iconJan 26, 2025
main-post-image
POLITICS
Trump's First Foreign Leader Call Signals Major Saudi Investment Plans Amid Controversy
date-iconJan 25, 2025
main-post-image
POLITICS
Trump Urges Global Leaders at Davos to Invest in U.S. or Face Tariffs
date-iconJan 25, 2025
main-post-image
WORLD NEWS
Southern California Rain Offers Firefighting Relief but Raises Toxic Ash and Mudslide Concerns
date-iconJan 27, 2025

Stay Connected

main-post-image
World News
NATO Enhances Surveillance of Baltic Sea Amid Rising Concerns Over Undersea Cable Damage
date-icon January 29, 2025
main-post-image
World News
Dick Button, Revolutionary Figure Skater and Broadcaster, Dies at 95
date-icon January 31, 2025
main-post-image
World News
Elon Musk Faces Backlash After Supporting German Far-Right Party and Dismissing Nazi Past
date-icon January 27, 2025
main-post-image
Politics
Serbia's Prime Minister Milos Vucevic Resigns Amid Mass Protests Over Fatal Canopy Collapse
date-icon January 28, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Exploring the Origins, Celebrations, and Myths of Black History Month
user-iconGloria Terra
side-post-image
Luka Dončić Traded to Lakers in Monumental Deal for Anthony Davis, Shakes NBA Landscape
user-iconSam Striker
© 2025 All rights reserved | PRESS AI WORLD