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

Published on 23 Feb 2024 3:08:44 PM

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.