Tax incentives will be offered for activities under the Digital Ecosystem Acceleration Scheme (DESAC) to support the national digital ecosystem. Preferential tax rates will be granted to:
1. Digital technology providers
2. Digital infrastructure providers
New digital technology providers are eligible for an income tax rate of 0% to 10% for up to 10 years. On the other hand, existing digital technology providers can enjoy an income tax rate of 10% for up to 10 years.
Digital infrastructure providers are eligible for an investment tax allowance of 100% on capital expenditure for qualifying activities for up to 10 years.
The DESAC will be effective for applications received by the Malaysian Investment Development Authority (MIDA) from 30 October 2021 until 31 December 31 2025. Check out MIDA’s official website for more updates on the guidelines and forms.
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