On 11 October 2019, Malaysia's Minister of Finance tabled in parliament the Budget for 2020. As highlighted in the budget speech, tax-related measures of the Budget are largely focused on incentives and include the following:
- The introduction of tax incentives to further promote high-value-added activities in the Electrical and Electronics (E&E) industry to transition into 5G digital economy and Industry 4.0, including:
- an income tax exemption for up to 10 years for E&E companies inv…