Mida’s incentive package offers substantial benefits, including a special tax rate of 5% for up to 15 years
[KUALA LUMPUR] The Malaysian Investment Development Authority (Mida) – a key government agency that drives investment into the manufacturing and services sectors – has unveiled a comprehensive tax incentive package for the Johor-Singapore Special Economic Zone (JS-SEZ), offering lucrative incentives to key sectors to attract investors and strengthen cross-border economic ties.
The details of the tax incentives, a centrepiece of the JS-SEZ, were announced on Monday (Feb 3), nearly a month after the signing of the joint agreement between Malaysia and Singapore in Putrajaya on Jan 6.
With a focus on advanced manufacturing, global services, tourism and smart logistics, the initiative is expected to drive economic growth and job creation, leveraging Johor’s strategic location and connectivity to Singapore.
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