Tax Alert 15 October 2019

Welcome to Tax Alert, Grant Thornton Malaysia’s newsletter on the latest tax updates and information.

Principal Hub (PH) Incentive 2.0

The Malaysian Investment Development Authority (MIDA) has recently released a guidelines on Principal Hub (PH) 2.0 which set out the enhancements for the existing PH incentives. The new guidelines will be effective for applications received by MIDA from 1 January 2019 until 31 December 2020. The main changes from the previous guidelines are as follows:

You may refer to the full guidelines as below:

NEW GUIDELINES

PREVIOUS GUIDELINES

Should you require any clarification, please do not hesitate to contact your respective Grant Thornton tax adviser.