Update of tax incentive - MSC Malaysia is now rebranded to Malaysia Digital (MD) Read the full story in our blog https://lnkd.in/gNg_2cdn 𝐕𝐢𝐬𝐢𝐭 𝐮𝐬 Wisma 𝐊𝐓𝐏, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru Wisma 𝐓𝐇𝐊, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru 𝐊𝐓𝐏 (𝐀𝐮𝐝𝐢𝐭,𝐓𝐚𝐱, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients Website www.ktp.com.my Instagram https://bit.ly/3jZuZuI Linkedin https://bit.ly/3sapf4l Telegram http://bit.ly/3ptmlpn 𝐓𝐇𝐊 (𝐒𝐞𝐜𝐫𝐞𝐭𝐚𝐫𝐢𝐚𝐥, 𝐀𝐜𝐜𝐨𝐮𝐧𝐭/𝐏𝐚𝐲𝐫𝐨𝐥𝐥, 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲) A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients Website www.thks.com.my Facebook https://bit.ly/3nQ98rs

1. MSC Malaysia is now
rebranded to Malaysia
Digital (MD)
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28/07/22

2. MD is the enhanced and
revamped initiative to
succeed MSC Malaysia,
which has been
operating for 26 years
since 1996.
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28/07/22

3. The Government of
Malaysia, through Malaysia
Digital Economy Corporation
(MDEC), awards MD Status
to eligible companies that
participate in and undertake
any of the MD activities.
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28/07/22

4. The grant of MD Status
entitles eligible
companies to a set of
incentives, rights and
privileges from the
Government of Malaysia.
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28/07/22

5. The existing MSC status and
benefits would continue to
subsist, subject to
compliance of existing
conditions by the
companies, institutes of
higher learning or
incubators.
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28/07/22

6. MD companies would soon
have the flexibility to
choose the benefits (with or
without tax incentives) with
applicable conditions with
further details to be
announced soon.
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28/07/22

7. The existing companies are
not required to reapply, but
MD would be implied to
existing MSC companies.
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28/07/22

8. What new?
*The bill of guarantees,
*Non-location-based
incentives
*An expansion of locations
for promoted activities.
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28/07/22

9. Since 1996 Malaysia has
attracted 2,794 active MSC-
status companies.
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28/07/22

10. To be continue…
Conditions, status and
benefits of MD
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28/07/22