Slew of incentives for companies moving to TRX, including tax exemption, says PM

The Star 2024-02-23

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At the launch of the International Financial Hub at TRX in Kuala Lumpur on Friday (Feb 23), Prime Minister Datuk Seri Anwar Ibrahim said the government had come out with a slew of incentives to encourage more companies to move their bases to TRX.

These include industrial building allowance, tax exemption for 70% of the statutory income for five years for property developers and stamp duty exemption for loan and service agreements.

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