TaXavvy Issue 21/2021

In this issue:

MIDA Guideline on Incentive for Intellectual Property Development

The Malaysian Investment Development Authority has recently published a Guideline on the Incentive for Intellectual Property Development dated 1 January 2020 on its website. The Guideline is issued following the Budget 2020 announcement where 100% income tax exemption will be given on qualifying intellectual property income for a period of up to 10 years.

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