Tax incentives: Is Malaysia ready for the next leap?

Fine-tuning required: People taking part in a marathon event in Kuala Lumpur. The complexity of Malaysia’s tax incentives presents a challenge for investors, underscoring areas that still require further improvements. — Bernama

MALAYSIA has started the year on a high note in the first quarter of 2024 having secured RM83.7bil in approved investments across various sectors, with foreign direct investment (FDI) contributing RM47.0bil (56.2%).

Yet, amid this success, the complexity of Malaysia’s tax incentives presents a challenge for investors, underscoring areas that still require further improvements.