TAIPEI (Reuters) - British chip designer Arm Holdings expects 100 billion Arm devices worldwide will be ready for artificial intelligence by the end of next year, the company's chief executive, Rene Haas, said on Monday at the Computex forum in Taipei.
KUALA LUMPUR: Malaysia’s latest tax reforms, outlined in the Budget 2024 to stimulate domestic startups, drive clean energy investment, and modernise tax administration, are set to benefit innovative startup businesses, green technology sectors, and service-oriented companies.
BMI said the RA effectively lowers the tax burden on companies that undertake capital investments to modernise machinery, upgrade technology or diversify into higher-value products, while the extended tax incentives until the assessment year 2027 for EVs will reduce operational costs for businesses in the rental sector, potentially accelerating fleet upgrades and increased adoption of green vehicles.
In contrast, ASEAN neighbours such as Singapore and Thailand offer more competitive rates of 17 per cent and 20 per cent, respectively, positioning them as more favourable investment destinations on a tax basis."While Malaysia’s corporate income tax rate is high by regional standards, the introduction of targeted investment incentives is poised to enhance investment appeal in key innovative and sustainable sectors.
"Such proactive measures are expected to strengthen Malaysia’s overall value proposition for companies operating within its borders,” it added.
BMI Tax Incentives Budget 2024 Global Minimum Tax
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