Malaysia's Minister of Finance has issued the Income Tax (Global Trading Centre Incentive Scheme) Rules 2022, which were published on 4 March 2022 and considered effective from the year of assessment 2021. The scheme was first announced as part of the 2021 budget and provides for a 10% income tax rate for a period of 5 years that may be renewed for another 5 years. The scheme is available for qualifying companies that undertake qualifying activities in respect of strategic sourcing, procurem…