Kuala Lumpur: The Malaysia Digital Economy Corporation (MDEC) will introduce a new tax incentive for Malaysia Digital (MD) status companies and existing Multimedia Super Corridor (MSC) status companies, said MDEC CEO Mahadhir Aziz.
He said the tax incentive to be announced in May, will be for digital initiatives in intellectual property (IP) and non-IP, and also in the form of investment tax allowance incentives.
“These incentives will be jointly announced with the digital ministry, the finance ministry and the investment, trade and industry ministry,” he said in a statement at the MDEC’s aspiration for 2024 event.
On the Malaysia Digital Catalytic Programmes (PeMangkinMD) National e-Invoicing Initiative, he said it aims to empower businesses of all sizes to embrace digitalisation and streamline financial processes and also align with the upcoming National Micro, Small and Medium Enterprises Digitalisation Roadmap (NMD2030).
SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya (SMJ) when it posted record high state revenue of RM6.973 billion last year. Read more He added that MDEC will spearhead efforts to promote artificial intelligence adoption in the country and is committed to advancing Malaysia towards becoming a global digital powerhouse, driving innovation and positioning the country as the preferred digital hub of Asean.
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.