Incentives Under The Income Tax Act 1967
Incentives |
MIDA (Malaysian Investment Development Authority)
An approved Operational Headquarters(OHQ) company is eligible for income tax exemption for a period of 10 years under Section 127, Income Tax Act 1967 for in come derived from the following sources:
•Business Income
Income arising from services rendered by an OHQ company to its offices or related companies.
•Interest
Income derived from interest on foreign currency loans extended by an OHQ company to its offices or related companies.
•Royalties
Royalties received from R&D work carried out in Malaysia by an OHQ company on behalf of its offices or related companies.
The income generated by an OHQ company in providing qualifying services to its offices and related companies in Malaysia will not be taxed during its tax-exempt period, provided such income does not exceed 20% of its overall income derived
by providing qualifying services.
Address:
5, Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia