WITHDRAWAL OF WITHHOLDING TAX EXEMPTION FOR INCOME RECEIVED FROM MSC MALAYSIA STATUS COMPANIES

06.01.2020

ANNOUNCEMENT:

WITHDRAWAL OF WITHHOLDING TAX EXEMPTION FOR INCOME RECEIVED FROM MSC MALAYSIA STATUS COMPANIES

Dear Esteemed Clients,

We refer to our earlier announcement on this matter, which can be found at https://titan.mdec.my/what-we-offer/msc-malaysia/. Please be informed that the Revocation Order for the above has been approved and is effective from 1 January 2020.

You may refer to the Revocation Order.

Thank you.

Issued by Malaysia Digital Economy Corporation Sdn Bhd (MDEC)

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About Malaysia Digital Economy Corporation (MDEC)

Malaysia Digital Economy Corporation (MDEC) is the agency under the Ministry of Digital Malaysia leading the digital transformation of the economy for 25 years. We aim to enable a progressive, innovation-led digital economy.

MDEC will continue to lead Malaysia towards becoming a globally competitive digital nation through the development and execution of the Malaysia Digital initiative, which aims to create substantial digital economic spill-over through equitable access to digital tools, knowledge, and income opportunities.

Predicated on a new framework built upon three primary components – Agility, Flexibility, and Relevance – Malaysia Digital is set to enhance Malaysia’s value proposition to attract digital investments, firmly establishing Malaysia as the digital hub of ASEAN.

Saya Digital #MalaysiaDigital

To find out more about MDEC’s Digital Economy initiatives, please visit us at www.mdec.my or follow us on:

For media queries, kindly contact:

Simon Yap
[email protected]

Hazel Hassan
[email protected]

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