On 6 November 2020, Malaysia's Minister of Finance tabled in parliament the Budget for 2021. As highlighted in the Budget speech, tax-related measures of the Budget are largely focused on incentives and include the following:
- A review (revision) of tax incentives for companies relocating their operations to Malaysia and undertaking new investments, including:
- an extension of the deadline for application until 31 December 2022 for manufacturing and selected service sectors;
- a tax rate of 0% …