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Update on the Malaysia Digital Tax Incentive

On 28 June 2023, the Malaysian Digital Economy Corporation (“MDEC”) has published an announcement that the new Malaysia Digital (“MD”) tax incentive is currently being reviewed and is expected to be finalized this year.

The upcoming MD Tax incentive will be offered to eligible MD Status companies that undertake qualifying activities by utilizing MD promoted tech enablers. Under this new incentive, eligible MD Status companies may enjoy either reduced tax rates on qualifying intellectual property income and non-intellectual property income for up to 10 years, or investment tax allowance for 5 years.

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Priya Selvanathan

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Update on the Malaysia Digital Tax Incentive

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