About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Print this page
Qzone

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
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)