31 Jan 2019
MALAYSIA: Overseas Investors in Northern Johor Set for Five-Year Tax Breaks
Overseas investors will be exempt from corporate income tax for up to five years if they opt to invest in projects based in the less-developed northern districts of Johor, the country’s fifth largest state. To qualify, the project must employ a specified number of locals and pay them a minimum monthly salary of RM1,500 (US$363) or above.
The scheme is intended to help stem the flow of migrants from the state’s northern districts to its more densely-populated south (including Johor Bahru, the state capital). Further details are expected to be released next month.