The Ministry of Finance (MoF) and the Johor state government have announced an incentive package for the Johor-Singapore Special Economic Zone (JS-SEZ) designed to attract high-value investments into Johor. The package, effective from January 1, 2025, includes a special corporate tax rate of 5% for up to 15 years for qualifying manufacturing and services activities, including artificial intelligence, quantum computing, medical devices, aerospace manufacturing, and global services hubs. Other incentives include tailor-made incentives for businesses in flagship areas within the JS-SEZ and a special tax rate of 15% for 10 years for eligible knowledge workers.
‘Semua Salah DAP’? Loke raps Hadi for linking party to Najib’s house arrest addendum, says Cabinet uninvolved with Pardons Board
“Companies undertaking new investment in qualifying manufacturing and services activities, such as artificial intelligence and quantum computing supply chain, medical devices, aerospace manufacturing and global services hub, will benefit from a special tax rate of five per cent for up to 15 years,” the statement said.
“The Madani and the Johor state governments have worked collaboratively to provide the JS-SEZ a shot in the arm to drive investments. Meanwhile, Finance Minister II Datuk Seri Amir Hamzah Azizan said the JS-SEZ tax incentive package reflects the government’s commitment to engender a mutually beneficial relationship that will catapult Malaysia into a premier investment destination in the region.
Economy Investment Incentives Johor Singapore
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Johor-Singapore Special Economic Zone: A New Era of Growth for JohorThe JS-SEZ agreement signifies a new era for Johor, focusing on attracting international investments and driving regional economic growth. The zone aims to become a regional powerhouse, fostering investments, creating jobs, and promoting sustainable development.
Read more »
Johor-Singapore Economic Zone to enhance economic activities, says MBBANGKOK: Prime Minister Paetongtarn Shinawatra has confirmed that Chinese actor Xingxing, who went missing in connection with a Myanmar call-centre scam, has been found and is awaiting transfer back to Thai authorities.
Read more »
Johor-Singapore Special Economic Zone Agreement SignedThe highly anticipated agreement for the Johor-Singapore Special Economic Zone (JS-SEZ) was signed today, promising economic benefits and stronger ties between the two nations.
Read more »
Johor MB hails Special Economic Zone deal, hopes for more high-income jobs and investment in stateJOHOR BARU, Jan 7 — The Johor-Singapore Special Economic Zone (JS-SEZ) will bring more economic opportunities in addition to having a positive impact on Johor’s development,...
Read more »
JS-SEZ Agreement Expected to Boost Johor's EconomyThe signing of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement between Malaysia and Singapore is expected to bring significant economic benefits to Johor.
Read more »
Malaysia and Singapore Launch Joint Economic ZoneMalaysia and Singapore have launched a groundbreaking joint economic zone, the Johor-Singapore Special Economic Zone (JS-SEZ), aimed at attracting global investors and fostering closer economic cooperation.
Read more »