What preferential measures does Malaysia have for our foreign businessmen?

Malaysia's preferential measures to encourage investment mainly include reduction and exemption of enterprise income tax and investment tax, reduction and exemption of import tax and sales tax. ：

First, income tax relief.

At present, the corporate income tax rate in Malaysia is 28% (38% for oil exploration and smelting).

For foreign-invested enterprises with the qualification of "emerging industry status", income tax will be levied only at 30% of the company's operating profit within five years from the date of production (referring to the day when the daily output reaches 30% of the highest output); If you invest in East Malaysia and the "East Corridor" area, you only need to pay the income tax of 15% of the company's operating profit within five years.

High-tech companies, companies engaged in scientific research and development, and companies that set up electronic information and communication technology enterprises in the "multimedia super corridor" will be exempted from income tax for five years. The transfer of science and technology and training of established institutions shall be exempted from income tax within 10 years. For foreign enterprises that transfer advanced technology to domestic companies or individuals in Malaysia, their technology transfer fees are exempt from income tax.

For strategic projects that involve major national interests and have a significant impact on the development of the national economy, machinery and equipment (such as machine tools, plastic molding machines, material handling equipment and automation equipment) and their parts and components that are given priority for production shall be exempted from enterprise income tax within 10 years.

70% of the company's operating profit will be exempted from income tax for investment in environmental protection industry within 5 years, but for those engaged in afforestation, enterprise income tax will be exempted within 10 years;

Enterprises approved by the Ministry of Finance to invest in grain production (including hibiscus, vegetables, fruits, medicinal plants, spices, aquatic products, cattle and sheep and other livestock breeding) are exempted from enterprise income tax 10 year. For the export of dried and fresh fruits, dried flowers, ornamental plants and ornamental fish, the income tax equivalent to its operating profit 10% may be exempted. For the production of halal food, the expenses for the quality appraisal and evaluation of halal food can be deducted from its income tax accordingly.

For export-oriented enterprises, if their export volume increases by 30%, 10% of their export volume increases, and 15% of their export volume increases, they are exempt from income tax. For information and communication technology enterprises, 50% of their export growth is exempt from income tax.

Those who engage in luxury yacht maintenance services in Langkawi Island and provide luxury yacht rental services in Malaysia are exempt from income tax for five years.

The establishment of regional operation headquarters and procurement center in Malaysia is exempt from income tax for five years. After the expiration of five years, it may be extended for another five years upon approval of the application.

Foreign-invested enterprises participating in Malaysia's industrial development plan are exempt from income tax for five years, and the expenses of staff training, product development and testing and public property audit can be deducted from their income tax. As a supplier, its products can reach the world level in terms of price, quality and technical content, and can be exempted from income tax after approval 10 year.

Second, investment tax deduction.

For high-tech foreign-invested enterprises with the qualification of "emerging industry status", 60% of their fixed assets investment (including factory buildings, machinery and equipment, spare parts, etc. ) can offset 70% of its income tax payable within 5 years. If you invest in East Malaysia and "East Corridor", 80% of the investment amount can offset 85% of the income tax payable by the company within five years.

For strategic projects that involve major national interests and have a significant impact on the development of the national economy, as well as machinery and equipment (such as machine tools, plastic molding machines, material handling equipment, automation equipment, etc.) and their parts, all fixed assets investment within five years can be deducted from enterprise income tax.

For those who invest in agricultural projects, 60% of the investment in fixed assets (including factory buildings, machinery and equipment, spare parts, etc.). ) can be offset by 70% of the income tax payable within 5 years. Among them, 60% of infrastructure construction expenses such as roads, bridges, irrigation and drainage in comprehensive agricultural development can be deducted from its income tax within 10 year.

60% of the eligible capital expenditure of foreign-invested enterprises participating in Malaysia's industrial development plan can be deducted from their income tax within five years. As a supplier, its products can reach the world level in terms of price, quality and technical content. After approval, its eligible capital expenditure can be deducted from its income tax within 5 years.

Thirdly, the reinvestment tax should be reduced or exempted.

For qualified companies to reinvest in industries encouraged by the Malaysian government, or foreign enterprises that have been operating for more than 65,438+02 months, 60% of their reinvested amount (or expenditure) can offset 70% of their income tax payable, and the preferential period is as long as 65,438+05 years. After the expiration of 15, if you continue to reinvest, the capital expenditure you continue to reinvest can be deducted from the income tax within 3 years.

60% of the capital expenditure is used for land reclamation and improvement, irrigation and drainage system construction, road and bridge construction, etc. 70% of the income tax payable in 15 years can be deducted. Among them, 60% of infrastructure construction expenditure such as roads, bridges, irrigation and drainage in comprehensive agricultural development can be deducted from 10 annual income tax.

Fourth, reduce or exempt import tax, sales tax and domestic tax.

Raw materials and spare parts imported for export products (the export volume accounts for more than 80% of its output) are exempted from import duties.

Machinery and equipment that cannot be produced in China or can be produced but whose quality or standards do not meet the requirements shall be exempted from import tax and business tax. Machinery and equipment that can be produced in China and meet the quality and standard requirements, such as machinery and equipment used for environmental protection, waste recovery, storage and treatment of toxic and harmful substances, machinery and equipment used for research and development institutions and training, and machinery and equipment used for planting, may also be exempted from import tax and sales tax upon application.

Imported materials and equipment used in hotels and tourist services are exempt from import tax and sales tax.

Approved foreign-invested education and training equipment (including experimental equipment, workshops, photo studios and language laboratories) can be exempted from import tax, sales tax and domestic tax (Note: Malaysia collects domestic tax on some specific products produced in China, including cigarettes, alcohol, playing cards and mahjong tiles, and motor vehicles).

For raw materials, spare parts and consumables directly used in service projects approved by the Ministry of Finance, if they cannot be produced in China or can be produced but their quality or standards do not meet the requirements, they may be exempted from import link tax and sales link tax, while locally purchased equipment and machinery may be exempted from sales link tax and domestic link tax.

The related equipment used by enterprises located in "Multimedia Super Corridor" shall be exempted from import duties.

Fifth, other tax breaks and concessions.

I. Tax relief for infrastructure and industrial construction. Construction and purchase of special-purpose building facilities (including approved houses for industrial production, R&D and employees' personal use, etc.). ) The industrial construction tax of 10% can be exempted in the first year, and then 3% every year, with a maximum term of 30 years. Companies investing in East Malaysia and the "Eastern Corridor" can be exempted from all infrastructure fees.

B. Exempt from relevant fees. Advertising expenses incurred in promoting Malaysian products and brands can be deducted from their income tax after the application is approved.

Visa and work permit facilities. It will provide convenient and quick services such as visa application and work permit for foreign businessmen engaged in high-tech research and development such as electronic information and communication in Malaysia.

Four. Adjustment of Malaysia's Foreign Investment Policy

1997 after the Asian financial crisis, Malaysia's absorption of foreign capital showed a downward trend. In order to attract more foreign direct investment, Malaysia has gradually relaxed the relevant restrictions on foreign direct investment and adjusted its foreign investment absorption policy accordingly.

First, relax restrictions on foreign equity.

One year after the outbreak of the financial crisis, the Malaysian government relaxed the foreign equity in the manufacturing industry to attract more foreign investment and promote the national economic recovery. 1From June 65438 to July 3, 998, foreign investors who apply to invest in manufacturing industry (including capital increase and business scope expansion) can hold100 indefinitely except for six fields such as paper-plastic packaging, plastic mold equipment, metal stamping, metal processing electroplating, printing and automobile circuit connection system. In the service field, foreign investors are allowed to invest in Malaysian insurance industry from the previous 30% to 565,438+0%; Local telecommunications companies with business licenses are allowed to increase their foreign equity from the current 30% to 49%, but the increase of foreign equity must be approved in advance by the Ministry of Energy, Telecommunications and Post of Malaysia; Foreign investors are allowed to increase their stake in Malaysia Stock Bank from 30% to 49%.

In order to cooperate with the new economic support policy launched by the Malaysian government in May 2003, improve the investment environment, attract more foreign investors to invest in Malaysia and promote Malaysia's economic recovery, the Malaysian government revised the original foreign equity restriction policy. According to the revised law, since June 17, 2003, foreign investors can hold 100% equity in newly approved foreign-invested manufacturing projects, including capital increase, business diversification and product export expansion. The original equity and export requirements of foreign-invested projects approved outside the above circumstances remain unchanged, but the government can make appropriate adjustments according to individual applications.

Second, relax the field of foreign investment.

In recent years, Malaysia has successively adjusted foreign-funded industries, from manufacturing and export-oriented industries that mainly encourage foreign investment to services such as agriculture, logistics and tourism.

Third, relax the restrictions on the composition of shareholders of foreign-invested enterprises.

For foreign-invested listed enterprises and foreign-funded enterprises to increase their capital and expand the business scope encouraged by the Malaysian government, their board members are no longer restricted by the "local director" rule.

Fourth, relax the proportion of products of domestic and foreign-funded enterprises.

From1October 0998+65438+65438, the restrictions on the proportion of domestic sales of manufacturing products will be fully relaxed, allowing all foreign-invested enterprises limited by the proportion of domestic sales and exports to apply to the Ministry of Trade and Industry for 50% domestic sales of their products without reorganizing the original shareholding structure.

Fifth, relax the control over foreign investment and gradually abolish the divestment tax.

After the outbreak of the financial crisis, the Malaysian government announced the implementation of foreign exchange control on 1 September 19981day, fixed the exchange rate of Malaysian ringgit and US dollar, and strictly restricted the withdrawal of foreign capital. From 65438 to 0999, Malaysia's economy recovered, and the Malaysian government began to gradually relax capital controls cautiously. 1On February 5, 1999, the government announced that it would replace the compulsory detention of foreign capital with divestment tax (foreign capital evacuated within one year from that date should pay 30% profit tax, and foreign capital evacuated after one year should pay10%); On September 2 1, 200 1, Malaysia further relaxed the divestment tax. From that date on, all foreign investors only need to pay the profit tax of 10%. 200 1 10 year127 October, the Malaysian government further announced that foreign investors who have been in Malaysia for one year will be exempted from the 10% extraction tax.

National unified consultation hotline: 400-606-5339