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TaXavvy Issue 21/2021

In this issue:

MIDA Guideline on Incentive for Intellectual Property Development

The Malaysian Investment Development Authority has recently published a Guideline on the Incentive for Intellectual Property Development dated 1 January 2020 on its website. The Guideline is issued following the Budget 2020 announcement where 100% income tax exemption will be given on qualifying intellectual property income for a period of up to 10 years.

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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