The 200 years since then has seen the birth of the Internet and the age of smartphones, bringing even bigger changes to the way we do everything – from entertainment to work to shopping and business.
- Digital adoption
Getting everyone on board with digital means every member of our community must embrace digital technology. We need to take advantage of technological advancements to increase the speed of business and government services to improve the quality of life.
- Digital Entrepreneurship & Innovation
Promoting digital entrepreneurship is an especially vital path for Malaysia to boost economic growth and job creation. We need to speed the growth of digital entrepreneurship and innovation to propel Malaysia to the front of the global stage.
- Tech Talent Development
Making Malaysia into a digital economic powerhouse requires a pool and pipeline of human capital with the right skills and training. We are intensifying our efforts to develop the necessary tech talent that will redefine our Digital Economy.
- Digital Inclusivity
A prosperous nation is one in which its citizens work together for the common good. We aim to empower Malaysians both young and old through digital means in order to enhance their productivity, resulting in a better nation for all of us.
Our mission is to develop the nation’s Digital Economy by implementing efforts that are centred on attracting investments, building local tech champions, catalysing digital innovation ecosystems with supportive policies and propagating diversity and inclusivity.
The Multimedia Super Corridor
Discover how the MSC Malaysia Initiative helps advance the nation’s digital economyLearn More
The Digital Step
Find out how your business can stay competitive through Digital EnablersLearn More
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 firstname.lastname@example.org.
- 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 email@example.com.
- For frequently asked questions, please refer here.