Tax Incentive for Nonresident Individuals Holding Key Positions In Companies

Budget 2022 Highlights – Special Income Tax Treatment (for Individual) - PDF

95. Budget 2022 Budget 2022 Highlights – Special Income Tax Treatment (for Individual).pdf

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Guidelines and Procedures for the Application of Special Tax Incentive under the National Economic Recovery Plan (PENJANA)

95.1 Guidelines and Procedures for the Application of Special Tax Incentive under the Nati

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Guidelines and Procedures for the Application of Special Tax Incentive for Selected Services Activities under the National Economic Recovery Plan (PENJANA)

95.2 Guidelines and Procedures for the Application of Special Tax Incentive for Selected S

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1. On June 5, 2020, the Malaysian government announced the Special Tax Incentive under the Economic Recovery Plan (PENJANA) for manufacturing companies who seek to transfer their operations to Malaysia.

2. Non-Citizen Individuals Holding Key Positions (C-Suite) are taxed at a fixed rate of 15% for 5 years.

3. This tax incentive is limited to 5 non-citizen individuals working in each company who meet the following criteria:

• the individual earns a monthly salary of not less than RM25,000; and

• the individual is a tax resident in Malaysia for each year of assessment when the 15 percent flat income tax rate is in effect. 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻

1. 2020年6月5日，马来西亚政府宣布了经济复苏计划 [PENJANA] ，并针对那些寻求将业务转移到马来西亚的制造企业，给予特别税收优惠。 2. 担任关键职位 [C-Suite] 的个人非马来西亚公民，将连续5年按15%的固定税率纳税。

3. 每家公司在这项税收优惠政策下，仅限 5 名符合以下条件的个人非公民可享有此税务优惠:-

• 个人的月薪不低于25千令吉；以及

• 在15%的统一所得税率生效的每个课税年度，该非公民个人都是马来西亚的税务居民。