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Japan FDI plays pivotal role in Malaysia s economic success: Grant Thornton

Tax strategies for achieving fiscal sustainability

Tax strategies for achieving fiscal sustainability
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Our commitment to constructive engagement towards economic recovery

THANK you everyone for your feedback on my previous posting. I have read all of them, and I appreciate the constructive feedback. Without a doubt, Covid-19 has wreaked havoc on all countries and economies. Like other nations, we are also faced with the arduous task of rejuvenating and rebuilding our economy, starting with initiatives introduced through our nation’s short-term economic recovery plan (PENJANA) announced in June 2020. PENJANA has introduced tax and investment incentives such as: 1. 0% tax rate for 10 to 15 years for new investment in manufacturing sectors with capital investment between RM300 million or above;  2. 100% Investment Tax Allowance for 5 years for existing company in Malaysia relocating overseas facilities/segments into Malaysia (extended to 31 December 2022 under Budget 2021);

Malaysia s investment approval target forecast to hit RM138bil in 2020

Malaysia s investment approval target forecast to hit RM138bil in 2020 Ayisy Yusof © Provided by New Straits Times United Overseas Bank (Malaysia) Bhd (UOB) said the revised forecast is about 32 per cent higher than the actual investments approved during the global financial crisis in 2009. KUALA LUMPUR: Malaysia s investment approval target is projected to reach RM138 billion for the full-year of 2020 following the total approved investments of RM109.8 billion in the first nine-month (9M2020) of the year. United Overseas Bank (Malaysia) Bhd (UOB) said the revised forecast is about 32 per cent higher than the actual investments approved during the global financial crisis in 2009.

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