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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.

Content provided by Picture: HKTDC Research
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