Trending News: Three Children Dead, One Critical After Car Plunges Into RiverCommunications Ministry Plans ‘information School’ For Madani Communities – FahmiJPJ Takes Proactive Steps To Enhance Service Quality – DGAbang Johari Optimistic Sarawak’s Airline Will Begin Operation SoonFormer Dewan Negara President Vadiveloo Dies At 92Queen Graces UTM Royal Gala Dinner 202414 New NADI Centres To Be Set Up In Sabah By Year-end – FahmiPerhilitan Still Investigating If Trapped Tiger Caused Two Deaths In Gerik, JeliHalal Application Procedure Shortened To 15 Days – DPM Ahmad ZahidRegatta Tragedy: Day Two Of SAR Operation Yields No Leads – PoliceRaising Excise Duty On Sugary Drinks: Positive Step In Combating Sugar-related Diseases – CAPYusri Calls For Reflection After Perak’s Home Defeat To SabahMCBA To Have Operations Centre At Rantau Panjang ICQS Complex – Saifuddin NasutionEducation Financing For STEM Students To Help Produce Highly Marketable GraduatesJendela Phase 1: 203 Telecommunication Towers Built In Sabah So Far – FahmiPahang To Focus On Wooing Data Centre industry InvestorsMalaysia And China Reaffirm Joint Commitment To Further Strengthen Maritime CooperationVeteran Journalist Mohd Sidek Dies Of CancerMohd Na’im Extends Condolences Yahya Sinwar’s FamilyCross-border Cooperation Leads To Arrest Of Wanted Malaysian In DannokGold Futures Likely To Be Bullish Next WeekRegatta’s Tragic Turn: Missing Rower Khairul Never Liked Water Activities, Can’t Swim – UncleSungai Kerian High Tides Floods 25 Houses In Bandar BaharuGempur: Government Initiative To Address Leakage Of Controlled Goods, SubsidiesCPO Futures Likely To Trade With Positive Bias Next WeekBudget 2025 Prioritises National Development, People’s Welfare – N. Sembilan MBFBM KLCI Futures Expected To Continue Sideways Consolidation Next WeekBudget 2025: A Boost For Ministry’s Digital Transformation Efforts – GobindASEAN Parliaments Urged To Boost Cooperation In Trade, Tourism And Digital Growth2025 Budget: DBKL To Carry Out Underground Utility Mapping In KL Golden TriangleHousewife Loses Almost RM700,000 To Investment ScamMalaysia Mourns Loss Of Yahya Sinwar, Condemns Israel’s AtrocitiesOver 60,000 Students To Benefit From FLYsiswa Next Year – MOT2025 ASEAN Chairmanship: Malaysia To Organise TVET Competition – HannahMinimum Wage Hike, Special Aid For Civil Servants To Help The PeopleBudget 2025: increased Funding For Works Ministry A Boon For Rakyat – NantaPM Anwar Wants Every Citizen To Benefit From Budget 2025 InitiativesClouded Leopard Caught In Chicken CoopBudget 2025 Emphasises On Inclusivity – Aaron Ago DagangBursa Malaysia To Trade On Cautious Mode Next Week As Investors Digest Budget 2025Budget 2025 Approves 14 Initiatives For Housing And Local Government – NgaRinggit Seen Softer Next Week On Bullish GreenbackBudget 2025 Caters To All Student Segments – FadhlinaBudget 2025: SSB Excise Duty Hike A Good Start In Combatting DiabetesPenang Ferry Tilts Again, Inflatable Balloons To The RescueBudget 2025: Immediate Funding For Flash Floods Alleviates Burden On Local Authorities, JPSMalaysia Should Showcase Excellence As 2025 ASEAN Summit Host – MohamadSST Expansion To Offset Fall In Oil-Related Revenue, Creates Robust Tax SystemFree Entrance To KL Forest Eco Park In Conjunction With Three-day Malaysia Greening, KL Green Symphony CarnivalBudget 2025: MCMC Hails RM320 Mln Allocation To Improve Internet AccessGovt Proposes Tax Incentives For Increased Exports Expanded To IC Design ServicesBudget 2025 Demonstrates Govt’s Concern For Pahang’s Needs, Says Menteri BesarYBR Allocates RM100,000 To UniMAP For Autistic Children’s Learning FacilitiesBudget 2025 Has Significant Impact On Selangor’s Economic Growth, Infrastructure – AmirudinBudget 2025: Defence Ministry To Focus On Four Key AreasBudget 2025 Strengthens Johor’s Economic Competitiveness – MBSabah To Build 3,000 Rumah Mesra SMJ Homes Next Year – HajijiBudget 2025: Emphasis On ASEAN Chair Affirms Malaysia’s Commitment To Leading The BlocPolice Investigate Claims Of Abuse, Confinement By GISBH Members – IGPAlmost 4,000 Flood Victims Still At 27 Pps In Six StatesKBS Remains Committed To Developing PwD AthletesRevival Of Cocoa Cultivation Empowers Sabah SmallholdersSabah Capable Of Robust Growth If Leakages Are Plugged – Anwar39 Of Top 100 Listed Companies Yet To Meet 30 Pct Women Participation Target In BODBudget 2025: RM2.184 Bln Allocation For MITI Recognition Of NIMP 2030 EffectivenessRON 95 Subsidy Rationalisation To Drive Malaysia’s Fiscal Consolidation, Upside Risk Remains – StanchartBudget 2025: Allocation To Be Fully Utilised For Disaster Management, Welfare Of Victims – NADMAKUSKOP Committed To Implementing Budget 2025 Initiatives For The PeopleUDA, Bank Islam Sign MoU To Empower Property Development, Intensify Environmental Sustainability InitiativesBudget 2025: Van Service For School Students To Be Implemented Via DRT – MOTGovt Extends CKD Electric Motorcycle Usage Incentive Scheme With RM10 Mln AllocationAct Now On Coastal Erosion Or Face Heavy Costs – Ahmad ZahidGov’t To Ensure Efficient Public Transport, RM200 Mln For Sabah, S’wak Rural FlightsKLIA’2024: New Frontier In Autism Awareness And SupportSecond 5G Network To Boost It Sector Competitiveness – PM AnwarDistribution Of RM250 Mln EFT Allocation Will Consider Various Factors – Nik NazmiCost Of Living Aid For Non-Pensionable Veterans Raised To RM500Thunderstorms, Heavy Rain Warning For Labuan, 10 StatesRinggit Ends Marginally Higher On Positive Sentiment Amid Budget AnnouncementIce Cream Vendor Killed By Falling Tree In KuantanWorld Tower Run Champion, World Tenpin Bowling Champ Sweep Selangor Sportsman, Sportswoman AwardsBudget 2025: Increase In Special Grant Reflects Federal Govt’s Commitment – Abang JoCPO Futures End Lower Amid Weaker Soybean Futures, Lower Crude Oil PricesAdditional RM20 Mln Allocation For UiTM To Boost Bumiputera Agenda In EandE FieldBudget 2025: MOT Receives RM750 Mln Allocation To Strengthen Public Transport SectorPM Anwar Arrives In Jakarta For Presidential InaugurationNarrower Deficit, Lower Maturities In 2025, Gross Debt Issuance At Rm163.5 Bln – CIMB SecuritiesGovt Proposes To Raise WPL Threshold For Oil Palm FFBBudget 2025 Accelerates Clean Energy Transition, Solarvest Keen On Kenyir Solar FarmConsumer Credit Act to Regulate Non-Bank Credit Providers Including BNPL Companies — BNMIncreased Stamp Duty Exemption For MSMEs In Budget 2025 Will Support Growth – MBSB BankCGS Malaysia: Budget 2025 To Position Malaysia Competitively, Reinforce Its Global Leadership In Islamic FinanceGovt To Continue Promoting 5G Usage As Malaysia Prepares For ASEAN Chairmanship – AnwarBudget 2025 Reflects Govt’s Commitment To Fiscal Responsibilty – KhazanahPKNS Targets 6,600 Acres Of Industrial Land To Be Developed By 2030Budget 2025 Set To Increase Home Purchases – Juwai IQIVast Investment Potential In Sabah Blue Economy – CM HajijiBudget 2025 Aligns With Global Real Estate Trends – Knight FrankBudget 2025: LTAT To Leverage GEAR-uP Initiative For RM120 Billion Domestic InvestmentHigher Tax Relief On Education, Medical Insurance Will Encourage Better Financial Planning – LIAM
Mon. Oct 21st, 2024
Trending News: Three Children Dead, One Critical After Car Plunges Into RiverCommunications Ministry Plans ‘information School’ For Madani Communities – FahmiJPJ Takes Proactive Steps To Enhance Service Quality – DGAbang Johari Optimistic Sarawak’s Airline Will Begin Operation SoonFormer Dewan Negara President Vadiveloo Dies At 92Queen Graces UTM Royal Gala Dinner 202414 New NADI Centres To Be Set Up In Sabah By Year-end – FahmiPerhilitan Still Investigating If Trapped Tiger Caused Two Deaths In Gerik, JeliHalal Application Procedure Shortened To 15 Days – DPM Ahmad ZahidRegatta Tragedy: Day Two Of SAR Operation Yields No Leads – PoliceRaising Excise Duty On Sugary Drinks: Positive Step In Combating Sugar-related Diseases – CAPYusri Calls For Reflection After Perak’s Home Defeat To SabahMCBA To Have Operations Centre At Rantau Panjang ICQS Complex – Saifuddin NasutionEducation Financing For STEM Students To Help Produce Highly Marketable GraduatesJendela Phase 1: 203 Telecommunication Towers Built In Sabah So Far – FahmiPahang To Focus On Wooing Data Centre industry InvestorsMalaysia And China Reaffirm Joint Commitment To Further Strengthen Maritime CooperationVeteran Journalist Mohd Sidek Dies Of CancerMohd Na’im Extends Condolences Yahya Sinwar’s FamilyCross-border Cooperation Leads To Arrest Of Wanted Malaysian In DannokGold Futures Likely To Be Bullish Next WeekRegatta’s Tragic Turn: Missing Rower Khairul Never Liked Water Activities, Can’t Swim – UncleSungai Kerian High Tides Floods 25 Houses In Bandar BaharuGempur: Government Initiative To Address Leakage Of Controlled Goods, SubsidiesCPO Futures Likely To Trade With Positive Bias Next WeekBudget 2025 Prioritises National Development, People’s Welfare – N. Sembilan MBFBM KLCI Futures Expected To Continue Sideways Consolidation Next WeekBudget 2025: A Boost For Ministry’s Digital Transformation Efforts – GobindASEAN Parliaments Urged To Boost Cooperation In Trade, Tourism And Digital Growth2025 Budget: DBKL To Carry Out Underground Utility Mapping In KL Golden TriangleHousewife Loses Almost RM700,000 To Investment ScamMalaysia Mourns Loss Of Yahya Sinwar, Condemns Israel’s AtrocitiesOver 60,000 Students To Benefit From FLYsiswa Next Year – MOT2025 ASEAN Chairmanship: Malaysia To Organise TVET Competition – HannahMinimum Wage Hike, Special Aid For Civil Servants To Help The PeopleBudget 2025: increased Funding For Works Ministry A Boon For Rakyat – NantaPM Anwar Wants Every Citizen To Benefit From Budget 2025 InitiativesClouded Leopard Caught In Chicken CoopBudget 2025 Emphasises On Inclusivity – Aaron Ago DagangBursa Malaysia To Trade On Cautious Mode Next Week As Investors Digest Budget 2025Budget 2025 Approves 14 Initiatives For Housing And Local Government – NgaRinggit Seen Softer Next Week On Bullish GreenbackBudget 2025 Caters To All Student Segments – FadhlinaBudget 2025: SSB Excise Duty Hike A Good Start In Combatting DiabetesPenang Ferry Tilts Again, Inflatable Balloons To The RescueBudget 2025: Immediate Funding For Flash Floods Alleviates Burden On Local Authorities, JPSMalaysia Should Showcase Excellence As 2025 ASEAN Summit Host – MohamadSST Expansion To Offset Fall In Oil-Related Revenue, Creates Robust Tax SystemFree Entrance To KL Forest Eco Park In Conjunction With Three-day Malaysia Greening, KL Green Symphony CarnivalBudget 2025: MCMC Hails RM320 Mln Allocation To Improve Internet AccessGovt Proposes Tax Incentives For Increased Exports Expanded To IC Design ServicesBudget 2025 Demonstrates Govt’s Concern For Pahang’s Needs, Says Menteri BesarYBR Allocates RM100,000 To UniMAP For Autistic Children’s Learning FacilitiesBudget 2025 Has Significant Impact On Selangor’s Economic Growth, Infrastructure – AmirudinBudget 2025: Defence Ministry To Focus On Four Key AreasBudget 2025 Strengthens Johor’s Economic Competitiveness – MBSabah To Build 3,000 Rumah Mesra SMJ Homes Next Year – HajijiBudget 2025: Emphasis On ASEAN Chair Affirms Malaysia’s Commitment To Leading The BlocPolice Investigate Claims Of Abuse, Confinement By GISBH Members – IGPAlmost 4,000 Flood Victims Still At 27 Pps In Six StatesKBS Remains Committed To Developing PwD AthletesRevival Of Cocoa Cultivation Empowers Sabah SmallholdersSabah Capable Of Robust Growth If Leakages Are Plugged – Anwar39 Of Top 100 Listed Companies Yet To Meet 30 Pct Women Participation Target In BODBudget 2025: RM2.184 Bln Allocation For MITI Recognition Of NIMP 2030 EffectivenessRON 95 Subsidy Rationalisation To Drive Malaysia’s Fiscal Consolidation, Upside Risk Remains – StanchartBudget 2025: Allocation To Be Fully Utilised For Disaster Management, Welfare Of Victims – NADMAKUSKOP Committed To Implementing Budget 2025 Initiatives For The PeopleUDA, Bank Islam Sign MoU To Empower Property Development, Intensify Environmental Sustainability InitiativesBudget 2025: Van Service For School Students To Be Implemented Via DRT – MOTGovt Extends CKD Electric Motorcycle Usage Incentive Scheme With RM10 Mln AllocationAct Now On Coastal Erosion Or Face Heavy Costs – Ahmad ZahidGov’t To Ensure Efficient Public Transport, RM200 Mln For Sabah, S’wak Rural FlightsKLIA’2024: New Frontier In Autism Awareness And SupportSecond 5G Network To Boost It Sector Competitiveness – PM AnwarDistribution Of RM250 Mln EFT Allocation Will Consider Various Factors – Nik NazmiCost Of Living Aid For Non-Pensionable Veterans Raised To RM500Thunderstorms, Heavy Rain Warning For Labuan, 10 StatesRinggit Ends Marginally Higher On Positive Sentiment Amid Budget AnnouncementIce Cream Vendor Killed By Falling Tree In KuantanWorld Tower Run Champion, World Tenpin Bowling Champ Sweep Selangor Sportsman, Sportswoman AwardsBudget 2025: Increase In Special Grant Reflects Federal Govt’s Commitment – Abang JoCPO Futures End Lower Amid Weaker Soybean Futures, Lower Crude Oil PricesAdditional RM20 Mln Allocation For UiTM To Boost Bumiputera Agenda In EandE FieldBudget 2025: MOT Receives RM750 Mln Allocation To Strengthen Public Transport SectorPM Anwar Arrives In Jakarta For Presidential InaugurationNarrower Deficit, Lower Maturities In 2025, Gross Debt Issuance At Rm163.5 Bln – CIMB SecuritiesGovt Proposes To Raise WPL Threshold For Oil Palm FFBBudget 2025 Accelerates Clean Energy Transition, Solarvest Keen On Kenyir Solar FarmConsumer Credit Act to Regulate Non-Bank Credit Providers Including BNPL Companies — BNMIncreased Stamp Duty Exemption For MSMEs In Budget 2025 Will Support Growth – MBSB BankCGS Malaysia: Budget 2025 To Position Malaysia Competitively, Reinforce Its Global Leadership In Islamic FinanceGovt To Continue Promoting 5G Usage As Malaysia Prepares For ASEAN Chairmanship – AnwarBudget 2025 Reflects Govt’s Commitment To Fiscal Responsibilty – KhazanahPKNS Targets 6,600 Acres Of Industrial Land To Be Developed By 2030Budget 2025 Set To Increase Home Purchases – Juwai IQIVast Investment Potential In Sabah Blue Economy – CM HajijiBudget 2025 Aligns With Global Real Estate Trends – Knight FrankBudget 2025: LTAT To Leverage GEAR-uP Initiative For RM120 Billion Domestic InvestmentHigher Tax Relief On Education, Medical Insurance Will Encourage Better Financial Planning – LIAM
Mon. Oct 21st, 2024

Govt Proposes Tax Incentives For Increased Exports Expanded To IC Design Services


KUALA LUMPUR, The government has proposed that tax incentives for increased exports for the service sector be expanded to integrated circuit (IC) design services, according to the Ministry of Finance (MoF).

The ministry said the proposal was made to support the mission under the New Industrial Master Plan 2030 (NIMP 2030) to make Malaysia a hub for advanced integrated circuit (IC) design technology and solutions.

“The effective date is from assessment year 2025,’ the MoF said in an appendix issued alongside the tabling of Budget 2025 today.

Currently, companies that carry out selected service activities and successfully increase exports are eligible to claim tax exemptions of up to 70 per cent of statutory income equivalent to 50 per cent of the value of increased exports.

Among the service activities selected for tax incentives for increased exports are legal services, architecture, accounting, marketing, office services, construction management, publishing, private education and printing.

Source: BERN
AMA News Agency

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