tax MWC DevelopersIncome tax exemption on income derived from disposal of land and building in MWC from Year of Assessment (“YA”) 2013 to YA 2023; orIncome tax exemption on income derived from rental of building located in MWC from YA 2013 to YA 2026; and50% Stamp duty exemption on instrument of conveyance on acquisition and rental of land or building located in MWC executed 2013 to 2023.MWC Managers

Income tax exemption on income derived from providing management, supervision or marketing services to developer in MWC from YA 2013 to YA 2023.

MWC Operators

70% income tax exemption on income derived from qualified activities in healthcare services or complementary and traditional healthcare services carried out in MWC for 5 years from date of commencement of business of the said qualifying activities; orInvestment Tax Allowance of 60%> for 5 years on qualifying capital expenditure incurred for qualifying activities carried out within MWC and this allowance is allowed to be set-off against 70% of statutory income for relevant YA.

 

*YA = year of assessment

If you wish to be part of Mines Wellness City, kindly visit www.mida.gov.my or click here to download the registration form.

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