Update of tax incentive Part 2 MSC Malaysia is now rebranded to Malaysia Digital (MD) - eligibility and conditions Read the full story in our blog https://lnkd.in/gGXSQMbA 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

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Taxability
Foreign Source Income

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ELIGIBILITY CRITERIA
Incorporated under the Companies Act
2016 and resident in Malaysia;
and

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ELIGIBILITY CRITERIA
Proposing to carry out or is currently
carrying out one or more of the
MD activities.

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Research, development and commercialization
of solution and/or provision of services in
relation to any of the following technologies or
areas:
1. big data analytics (BDA);
2. artificial intelligence (AI);
3. financial technology (Fintech);
4. internet of things (IoT);
5. cybersecurity (technology/software/design
and support);
6. data centre and cloud;
7. blockchain;
8. creative media technology;
9. sharing economy platform;
10. user interface and user experience (UI/UX);

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Research, development and commercialization
of solution and/or provision of services in
relation to any of the following technologies or
areas:
11. integrated circuit (IC) design and embedded
software;
12. 3D printing (technology/software/design and
support);
13. robotics (technology/software/design);
14. autonomous technologies;
15. systems/network architecture design and
support;
16. global business services or knowledge
process outsourcing;
17. virtual, augmented and/or extended reality;
18. drone technology;
19. advance telecommunication technology ; or
20. other emerging technologies deemed
significant for the digital ecosystem subject
to approval by the Approval Committee.

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CONDITIONS OF MD STATUS
1. Commencement of operation and
undertaking of the MD
Approved Activities in Malaysia

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CONDITIONS OF MD STATUS
2. Minimum 2 full-time employees
(comprising knowledge
workers) with minimum average monthly
base salary of RM5,000.00, employed for the
MD Approved Activities

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CONDITIONS OF MD STATUS
3. Minimum annual operating
expenditure of RM50,000.00 incurred
for the MD Approved Activities

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CONDITIONS OF MD STATUS
4. Paid-up Capital Minimum of
RM1,000.00

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To be continued
The benefits of MD