KUALA LUMPUR (Reuters) – Malaysia will offer a slew of tax incentives for companies and workers in its special economic zone with Singapore in the southern state of Johor, its finance ministry said on Wednesday.Â
The incentives, effective Jan. 1, include a tax rate of 5% for up to 15 years for companies undertaking new investments in manufacturing and services, such as artificial intelligence and quantum computing supply chain, medical devices, and aerospace manufacturing.
Skilled workers will also be offered an income tax rate of 15% for 10 years. Â
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