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AIE, Foreign client
co incorporated outside Msia
non-Msian citizen, …
AIE
Export
Tax mechanism
- 50% of increase export
- restricted to 70% of SI
Service
- R
- export qualifying service to foreign client
-
-
MITC
Tax mechanism
- 20% of increase export
- exclude sale to FTZ & LMW
- restricted to 70% of SI
- export must be FOB value
- TRP 5 yrs from YA the co 1st qualifies for exemption
- exempt inc credit to exempt a/c
Condition
- incorporated in Msia
- at least 60% Msian owned
- annual sales >RM10m
- :red_cross:>20% derived from trading of commodities
- use local banking, insurance, finance, ports & airport services
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-
Foreign client
- co incorporated outside Msia
- non-Msian citizen, :red_cross:working permit
- NR Msian citizen living abroad
Qualifying service
- legal service
- accounting
- architecture
- marketing
- bs consultancy
- office service
- construction mgt
- bldg mgt
- plantation mgt
- private health care service
- private education
- publishing service
- ICT
for private healthcare & private education service
- must be provided either in Msia or from Msia
for other service
:red_flag:DD for promotion of export of healthcare services
- market research
- RM300 accommodation + RM150 sustenance/day
- maintenance of sales office overseas
- advertisement overseas
- exhibition in Msia / overseas approved by MATRADE
- exhibition held in Msian Permanent Trade & Exhibition Centres overseas approved by MATRADE
billboard in Msia + overseas, SD
-
- export must be FOB value
- exempt inc credit to exempt a/c
- excess c/f, set off max of 70% of SI until fully utilised
:red_flag:DD on advertising exp on Msian brand named goods
- R
- 70% & abv Msian owned
- owner
- advertise in local TV, billboard in Msia
- export quality
- 20% & abv total sales exported