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- Second residual property owner can also enjoy 50% exemption on stamp duty
- extend the effective year from 5 years to 7 years

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The income tax rate for resident individuals reduced by 1 percentage point for chargeable income band of RM 50,001 to RM70,000.

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The income tax rate for resident individuals reduced by 1 percentage point for chargeable income band of RM 50,001 to RM70,000.

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Reduce the personal income tax rate for certain Malaysian tax residents by 1%

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Reduce the personal income tax rate for certain Malaysian tax residents by 1%

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-Those who want to change cars are a better time to change
-Can make our economy become better

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1 January 2021 to 31 December 2025

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Increased exemption limit from RM300,000 to RM500,000

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Only for first residential property

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To assist more Malaysia citizen to own their first residential property

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- Encourage the employment of young people as apprentices
-Businesses can claim funding from the government and use it for the training provided to apprentices.

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-BNM provide 500m ringgit to support high technology and innovative companies
- Incentive package worth RM1 billion that aims to support R&D investment

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new company:

Income tax rate of 0% to 10% for a period of up to 10 years.

Existing company with a new services segment:

Income tax rate of 10% for a period of up to 10 years.

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-Provision of infrastructure and technology for cloud computing
-Research and development activities
-Medical devices
-Manufacturing-related services as determined by the MOF.

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-Must applying (“MIDA”) for the manufacturing sector -Extended 31 December 2022
- Companies adapting Industrial Revolution 4.0 and digitalization technology

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Tax incentives for companies relocating operations to Malaysia and making new investments

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Tax incentives for companies relocating operations to Malaysia and making new investments

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1 January 2021 to 31 December 2023

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- Limited RM50,000 exemption for each YA
- Limited 10% deduction of aggregate income for that YA
- Things must be verified by Securities Commission (SC)
- Investor must not have any family relationship with investor company
- Investment must be made through EFC platform approved by SC and must not be disposed of, in full or in part, within 2 years from the date of investment

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Income tax exemption be give on 50% of the investment amount

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Allows start-up companies to raise funding using online platforms registered with the Securities Commission of Malaysia (SC)

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Until 30 June 2021

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50% SST for new and used units of complete-built up (CBU) vehicles

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100% SST for completely-knocked down (CKD) passenger cars