Malaysia Unveils Tax Breaks for New Economic Zone With Singapore

Offers corporate tax rate of 5% for 15 years to draw investors
Eligible knowledge workers get 15% income tax for 10 years

Anwar Ibrahim, right, with Singapore’s Lawrence Wong in Putrajaya on Jan. 7.Photographer: Vincent Thian/Pool/Getty Images

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Anisah Shukry

January 8, 2025 at 3:44 AM UTC

This article is for subscribers only.

Malaysia unveiled a slew of tax incentives to lure investors to its joint special economic zone with Singapore that seeks to add $26 billion per year to the Malaysian economy by 2030.

Special company tax rates of 5% for 15 years and lower income taxes for knowledge workers were part of the package unveiled by Malaysia’s Finance Ministry and Johor state government on Wednesday. The incentives are effective from Jan. 1, according to a statement.