ANNOUNCEMENT 19 Jun 2012

In June 2012, the Malaysian government introduced the exemption of income-tax payment for foreigners employed in a treasury management centre, providing financial and fund management services in Malaysia.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Malaysia Federal Government Gazette, P.U. (A) 184/2012: Income Tax (Exemption)(No. 3) Order 2012. Available at: http://www.federalgazette.agc.gov.my/outputp/pua_20120619_PERINTAH%20CUKAI%20(TMC).pdf

Inception date: 01 Jan 2012 | Removal date: open ended

Post-migration treatment

In June 2012, the Malaysian government introduced an exemption from income-tax payment for foreigners employed in a treasury management centre, providing financial and fund management services in Malaysia. The amendment comes into effect from 1 January 2012.

AFFECTED SECTORS

 
711 715 717

AFFECTED PRODUCTS

 
N/A