Incentive for Manufacturers of Pharmaceutical Products

Incentive for Manufacturers of Pharmaceutical Products
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MIDA has issued a Guidelines for Incentive for Manufacturers of Pharmaceutical Products Including Vaccines Under the 2021 Budget on 27/8/2021.

Key summary of tax incentive on pharmaceutical products

1. Income tax rate of 0% to 10% for a period of 10 years

2. Income tax rate of 10% for the subsequent period of 10 years

3. Companies approved for this incentive are required to comply with conditions as specified by the Ministry of Finance

Source :

MIDA Guidelines

https://www.mida.gov.my/wp-content/uploads/2021/09/GD_PHARMA_VACCINE_01092021.pdf

أط️Have questions on MIDA tax incentive? Call KTP.

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