To create a national Internet of Things (IoT) ecosystem to enable the proliferation of use and industralisation of IoT as a new source of economic growth
Create a conductive IoT industry ecosystem to foster the development, diffusion and adoption of IoT technologies
Strengthen Malaysia’s position in the IoT industry by augmenting technopreneur capabilities and fostering the creation of globally-competitive IoT products
Establish Malaysia as the Regional Development Hub for IoT by establishing an integrated centre for IoT solutions, equipped with supporting services and facilities such as interoperability testing and development of IoT products and services
Short Term Strategies
- Develop Small-Medium Enterprises’ (SME) capabilities to kickstart the IoT industry
- Incubate SMEs’ competencies through focused “flagship” projects
- Develop key talents who are able to build better solutions for the future
The objective of this strategy is to establish a Community of Practice (CoP) for IoT in Malaysia. The CoP is an entity composed of industry practitioners who share a common interest to build an industry out of IoT technologies. This partnership will be a self-governed and self-sustained ecosystem and aligned to the value-based roadmap
Key roles of the CoP include:
- Manage and promote the IoT ecosystem
- Be a platform to gather the industry’s technological requirements
- Offer shared services for industry development in Malaysia
- Act as a nucleus for IoT talent development and as a bureau for IoT industry development
Update of MSC malaysia Status Tax Incentive
- We refer to the announcement by the Government of Malaysia on 12 June 2018, “Malaysia’s Commitment in International Tax Standard“, and the subsequent announcement by MDEC on 28 December 2018, titled “Important Update and Changes on MSC Malaysia BOG 5“.
- As stated in the aforesaid announcements, the identified tax incentives of Malaysia will need to be reviewed and amended to be consistent with the international standards, which also include the MSC Malaysia Bill of Guarantee (BOG) 5 (Tax Exemption).
- In accordance with the above exercise, the grant of MSC Malaysia Status and its incentives, including extension of income tax exemption period, or adding new MSC Malaysia Qualifying Activities, has been put on hold since 1 July 2018.
Changes to BOG 5 (Tax Exemption)
- Previously, the tax exemption for MSC Malaysia Status was granted for the income derived from MSC Malaysia Approved Activities. Moving forward, the tax exemption will be granted for income derived from either services activities (Services Incentive) and/or intellectual property (IP Incentive).
Status Update: Approval of MSC Malaysia Status Services Incentive (Non-IP)
- The MSC Malaysia Status Services Incentive has been approved by the Government and will be regulated under the new Income Tax (Exemption) (No. 10) Order 2018 [P.U.(A) 389/2018], which was gazetted on 31 December 2018.
- As for the MSC Malaysia Status IP Incentive, the policy is still under review process by the Government. MDEC will be releasing further information in due course.
Application of MSC Malaysia Status Services Incentive (Non-IP)
- Applications for MSC Malaysia Status Services Incentive can be made starting from 2nd April 2019.
- For more details about the eligibility criteria, and qualifying promoted activities and conditions, please refer to detailed Application Guidelines here.
- Application Forms can be downloaded from here and the completed application is to be forwarded to email@example.com.
- For further enquiries, please contact MDEC Client Contact Centre (CliC) at 1-800-88-8338 (within Malaysia) or +603 8315 3000 (overseas) or email at firstname.lastname@example.org.
- For frequently asked questions, please refer here.