Malaysia has a favorable business climate and has a high degree of openness toward foreign investments. While some business sectors are closed to foreign entrepreneurs, the country encourages certain other industries through significant incentives. Our lawyers in Malaysia describe the tax incentives programme.
Malaysia’s Second Minister for Finance recently stated that the Government wishes to introduce targeted tax breaks in certain industries. The change would apply starting with this year and it would favor small and medium sized businesses. The goal is to help promote a number of key industries.
Malaysia’s new initiative to include more zero-rated services in the scope of its goods and services tax (GST) has the potential to attract more foreign investors.
Our lawyers in Malaysia give you five small business ideas if you are interested in starting your own business in the country.
According to the Malaysian Department of Statistics, business performance will increase in the second quarter of 2017, compared to the preceding one. The estimate is based on the analysis of the business confidence indicator’s evolution.
The International Monetary Fund released a set of recommendations for Malaysia, as far as its taxes and international tax avoidance rules are concerned. Our lawyers in Malaysia can give you details about the proposed recommendations and the current tax system in Malaysia.
The Malaysian government has always sustained the commodity industry regarding the food safety in the country and his year, there will be RM 50 million prepared and granted to make some changes and developments in this area.
The Malaysian Government has proposed a set of tax benefits for certain types of companies. The changes will be implemented starting with 2017 and are included in the Budget for next year.
Malaysia has been ranked 23rd out of the total 190 economies analyzed in the World Bank Doing Business Report. The country managed to remain in a good position due to its continuous efforts to improve the business climate.
The 2017 Malaysian budget includes positive changes for small and medium companies operating in the country. This is a continuation of an initiative that started last year to encourage these types of businesses.
Malaysia and Ukraine have started working on a draft agreement for a new double tax treaty (DTA). The document would allow investors in Malaysia and employees from Ukraine to benefit from preferential withholding tax rates.
The Malaysian Ministry of Transport oversees all transport sectors: land, maritime and aviation. The Ministry is the regulating government agency for all road, highways and means of transportation.
Malaysia is an important trade hub in Southeast Asia. The country has good commercial relations with numerous countries and a series of bilateral agreements encourage foreign trade.