Which employees can benefit from special tax incentives?

Employees who are given special tax incentives:

Iskandar Knowledge Worker

The Iskandar knowledge worker program is designed to encourage development in the Iskandar region in Johor.

An employee under the Iskandar knowledge worker program will be taxed at a flat rate of 15%.

Qualification

To qualify for the knowledge worker program an employee needs at least a bachelor’s degree and several (5-10) years’ experience in a relevant field of work.

There is no requirement for Malaysian citizenship.

The employee must be working for an approved company within the Iskandar zone and apply by 31 Dec 2020.

The Iskandar knowledge worker programme is limited to companies working within 9 sectors:

1. Biotech

2. Green tech

3. Education

4. Creative

5. Healthcare

6. Global business services

7. Logistics

8. Tourism

9. Motorsports

For a full list of conditions see Iskandar Knowledge Worker Tax Rate Scheme

Read more about:

• PCB (MTD)