• Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Tam Su Voi
    • Usapang Pinoy
    • GAT Insight
    • Georgia Korean Podcast
ABOUT
Advertise in GAT
Contact us
Sunday, January 29, 2023
Georgia Asian Times
International Insurance of Georgia
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Tam Su Voi
    • Usapang Pinoy
    • GAT Insight
    • Georgia Korean Podcast
  • Login
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Tam Su Voi
    • Usapang Pinoy
    • GAT Insight
    • Georgia Korean Podcast
No Result
View All Result
Georgia Asian Times
No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • PODCAST
Home Business

Malaysia sweetens tax incentives for companies to set up hubs

Georgia Asian Times by Georgia Asian Times
October 8, 2019
in Business
Share on FacebookShare on Twitter

Kuala Lumpur, October 8, 2019 – Malaysia said on Tuesday it would expand tax incentives for companies that use the country as a base for conducting their regional or global business.

Effective this year, companies eligible for the government’s Principal Hub (PH) incentive will be able to enjoy a 10% tax rate for their operations instead of the wider corporate tax rate of 24%, the Malaysian Investment Development Authority (MIDA) said.

Earlier companies eligible for the PH incentive could opt for the 10% tax rate only on income over and above the money they made the year before joining the program, according to a MIDA official.

Companies that have yet to establish a presence in Malaysia can apply for tax rates of 0% and 5% for 10 years based on their investments and job-creation commitments. Previously the tax rates for such companies were 0%, 5% and 10%.

AD: High Museum of Atlanta

“This enhancement of the PH tax incentive is timely as Malaysia continues to innovate its policies and strategies to attract investments so that the country will be strongly integrated into the region as well as other markets,” MIDA said in a statement.

“The review aims to make Malaysia competitive with other countries in the region as the optimal headquarters hub in Asia Pacific.”

It said the PH incentive, first introduced in 2015, had helped Malaysia attract local and multinational companies to establish their hubs in the country.

Along with Vietnam and Thailand, Malaysia has been one of the main beneficiaries of companies trying to move some of their production out of China to escape higher U.S. tariffs. – Reuters

Previous Post

TECO Atlanta celebrates National Day with gala reception

Next Post

China TV drops NBA exhibition games; league defends free speech

Georgia Asian Times

Georgia Asian Times

Related Posts

Business

US inflation and consumer spending cooled in December

January 27, 2023
Soaring egg prices prompt demands for price-gouging probe
Business

Soaring egg prices prompt demands for price-gouging probe

January 25, 2023
Business

Amazon launches a subscription prescription drug service

January 25, 2023
Google axes 12,000 jobs, layoffs spread across tech sector
Business

Google axes 12,000 jobs, layoffs spread across tech sector

January 20, 2023
Job cuts in tech sector spread, Microsoft lays off 10,000
Business

Job cuts in tech sector spread, Microsoft lays off 10,000

January 19, 2023
Kemp: Georgia budget spending meant to keep economy growing
Business

Kemp: Georgia budget spending meant to keep economy growing

January 18, 2023
Next Post

China TV drops NBA exhibition games; league defends free speech

Signup Free E-Newsletter

Upcoming Events

Feb 18
6:00 pm - 11:00 pm

Spring Festival 2023

View Calendar
Logo

 

CONTACT US

Follow Us

MOST INFLUENTIAL

GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

GAT 25 Most Influential Asian Americans Gala celebrates Asian voice

July 18, 2022

Video highlights of GAT 25 Most Influential Asian Americans in Georgia

July 17, 2022

2022 GAT 25 Most Influential Asian Americans in Georgia-Awards Gala

July 17, 2022

LINKS OF INTEREST

ATL Asian Film Festival

GAT on Facebook

Lunar New Year of Rabbit - GAT Special Section
  • Contact Us
  • Advertise in GAT
  • ABOUT

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

No Result
View All Result
  • Home
  • Metro Asian News
  • Misc Asia
  • Lifestyle
  • Business
  • Art
  • Health
  • Eat Out
  • PODCAST
    • Apa Kabar Indonesia
    • Atlanta Burmese Voice
    • SungKhom Lao
    • Tam Su Voi
    • Usapang Pinoy
    • GAT Insight
    • Georgia Korean Podcast

© 2023 Georgia Asian Times - Empowered by 8SOL. Managed by Arckopolis.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Subscribe

Subscribe to our newsletter for the latest
articles straight to your inbox!

    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?