“We may not want to compete head on with our neighbours and certainly, incentifying investors through tax incentives, will show we are a ‘soother’ for them,” Ernst & Young (EY) Malaysia tax leader Farah Rosley said
KUALA LUMPUR: The tax regime in Malaysia should stay current and continue to be sustainable to attract new domestic and foreign direct investments into the country in the wake of the changing investment landscape posed by Covid-19.
With the easing of pandemic restrictions and declining daily cases, there are signs of a rebound for the Malaysian economy with more businesses being reopened, thus, providing current and sustainable tax incentives that will soothe foreign investor nerves.
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