MALAYSIA TAX BUDGET 2010:ENHANCED TAX INCENTIVES FOR HEALTHCARE COMPANY.

It is proposed that 100% of the value of increase in exports would be exempted from tax in respect of services provided to foreign clients in Malaysia. The value of the increase in exports is taken to mean the difference of the value of the qualifying services exported in the current period and that of the immediately preceding period.

For the purpose of this incentive,foreign clients are defined as:

 i) a company,partnership,an organisation or a cooperative society incorporated or registered outside Malaysia;

ii) non-Malaysian citizens who do not hold Malaysian work permits;or

 iii) Malaysian citizens who are considered as non-residents living abroad.

 The proposal is effective for a five-year period from 2010 to 2014.

• MALAYSIA TAX BUDGET 2010:PERSONAL INCOME TAX INCENTIVES FOR THOSE WORKING IN THE ISKANDAR REGION.
• MALAYSIA TAX BUDGET 2010:EXPENSES INCURRED ON THE REGISTRATION OF TRADEMARKS IN MALAYSIA WILL BE ALLOWED AS TAX DEDUCTION FOR PURPOSES OF INCOME TAX COMPUTATION.
• MALAYSIA TAX BUDGET 2010 BUSINESS HIGHLIGHTS
• MALAYSIA TAX BUDGET 2010:TAX INCENTIVE IN RELATION TO THE GREEN BUILDING INDEX (GBI)
• MALAYSIA TAX BUDGET 2010:PERSONAL TAX INCENTIVE FOR BROADBAND EXPENSES
• MALAYSIA TAX BUDGET 2010:TOP PERSONAL TAX RATE REDUCED BY 1%
• MALAYSIA TAX BUDGET 2010:EXEMPTION FROM STAMP DUTY ON THE PURCHASE OF BUILDING THAT INCORPORATE WITH “GREEN TECHNOLOGY”