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TaXavvy Issue 15/2019
In this issue:
Principal Hub 2.0 Guideline
The Principal Hub (PH) incentive was introduced in 2015 with the objective of strengthening Malaysia’s position as a competitive regional and global operation base. Since its introduction, the PH incentive had been progressively enhanced, the latest being the concessionary income tax rate of 10% on the overall statutory income relating to the PH’s activities of existing companies, for 5 years, as announced in Budget 2019.
The Malaysian Investment Development Authority has now issued a new PH 2.0 guideline that incorporates the Budget 2019 announcement.
The PH 2.0 guideline which supersedes the PH 1.0 guideline, is effective for applications received by MIDA from 1 January 2019 to 31 December 2020.
TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.
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For earlier issues of TaXavvy, click here.
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