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15% Tax Rate Scheme For Knowledge Workers In Iskandar Malaysia
The 2010 Budget proposed that tax at a rate of 15% of an individual's chargeable income shall be charged on a resident knowledge worker in respect of specified qualifying activities in a specified region.
It was indicated that knowledge workers who apply and commence employment in Iskandar Malaysia (IM) between 24 Oct 2009 and 31 Dec 2015, will be eligible for this incentive, which is applicable indefinitely on condition he or she meets the conditions of the same.
The FAQ below is aimed at providing a clear picture to applicants on the incentive scheme. Form 15A and its instructions also available.