This was announced on Jan 8 by the Malaysian ministry of finance and Johor state government, following the signing of the JS-SEZ on Jan 7. These new tax incentives are made in a bid to “foster economic growth and enhance the nation's competitive landscape”, according to the release.
From January 1, 2025, investors in the Johor-Singapore Special Economic Zone (JS-SEZ) can benefit from a special corporate tax rate of 5% for 15 years and special worker’s tax rate of 15% for 10 years.
In contrast, the existing corporate tax rate in Malaysia currently stands at 24% for both resident and non-resident companies.
