On 31 May 2024, the Malaysia Digital Economy Corporation, with the support of the Ministry of Digital and the Ministry of Finance, has introduced a new outcome-based tax incentive scheme (“MD Tax Incentive“) for eligible Malaysia Digital Status (formerly known as Multimedia Super Corridor Status) companies.
It is anticipated that the MD Tax Incentive will create a more conducive environment for foreign investments in the digital economy and ecosystem in Malaysia.
This Update aims to provide a quick overview and guidance in navigating the qualifying criteria and understanding the benefits offered under the newly introduced MD Tax Incentive.
For more information, click here to read our Legal Update.
