PUTRAJAYA, March 28 — The Malaysia Digital Economy Corporation (MDEC) will introduce a new tax incentive for Malaysia Digital (MD) status companies and existing Multimedia Super Corridor (MSC) status companies.
Its chief executive officer Mahadhir Aziz said the incentive, to be announced in May, will be for digital initiatives in intellectual property (IP) and non-IP, and also in the form of investment tax allowance incentives.
“These incentives will be jointly announced with the Digital Ministry, the Finance Ministry, and the Investment, Trade, and Industry Ministry,” he said in a statement today on MDEC’s aspiration for 2024.
On the Malaysia Digital Catalytic Programmes (PeMangkinMD) National e-Invoicing Initiative, it aims to empower businesses of all sizes to embrace digitalisation and streamline financial processes and also align with the upcoming National Micro, Small, and Medium Enterprises Digitalisation Roadmap (NMD2030).
Mahadhir added that MDEC will spearhead efforts to promote artificial intelligence adoption in the country and is committed to advancing Malaysia towards becoming a global digital powerhouse, driving innovation and positioning the country as the preferred Asean digital hub.
Apart from that, MDEC is set to organise the Malaysia Digital Expo in October this year, which will showcase cutting-edge digital initiatives and opportunities, as well as participate in the Smart City Expo World Congress in Barcelona, Spain, in November.
— Bernama
