Malaysia’s Sales and Service Tax Increase: What Industries are Impacted?
Malaysia has officially increased the sales and services tax rate from six percent to eight percent, which will impact several industries such as finance and leisure.
Malaysia’s Revised Residency Program: Tackling Cost Concerns
Malaysia’s government revised its residency program, the Malaysia My Second Home program, and eased the requirements by which foreigners are eligible for the residency permit.
Boosting Tourism: Thailand, Malaysia, Singapore Target Chinese Travel Spending
Thailand, Malaysia, and Singapore are offering visa-free travel to Chinese tourists during the first Spring Festival (Chinese New Year / CNY) holiday since Beijing lifted pandemic travel restrictions.
Unlocking Opportunities: Malaysia Removes Visa Requirements for Chinese and Indian Travelers
Malaysia has removed visa requirements for Chinese and Indian travelers as the country aims to boost its tourism industry.
Malaysia Imposes Tax on the Import of Low Value Goods
As of January 1, 2024, Malaysia has imposed a new 10 percent sales tax on the import of low-value goods sold online in the country.
Singapore and Malaysia Plan Joint Special Economic Zone in Johor State
Singapore and Malaysia are partnering to create a special economic zone in Malaysia’s Johor state, adjacent to the Singaporean border.
Malaysia’s Semiconductor Sector Beckons Foreign Investors
Malaysia wants to develop its semiconductor industry beyond assembly and testing into more value-added production such as integrated circuit design.
Incentives in Malaysia’s Special Economic Zones: A Guide for Businesses
Malaysia’s special economic zones offer fiscal incentives and sector-specific perks, including tax relief and tailored benefits, along with robust infrastructure. We list the available incentives for businesses in the country’s respective SEZs.
Promising Sectors for Investments in Malaysia’s Economic Corridors
Malaysia’s economic corridors offer foreign businesses ample opportunities to invest in sectors that have transformed the country into a leading economic power in Southeast Asia.
Malaysia’s Budget 2024: Impact for Individuals
Malaysia’s 2024 budget brings forth structural alterations that will notably impact businesses and individuals.