KUALA LUMPUR, Oct 9 (Bernama) -- The government plans to improve the Global Services Hub (GSH) tax incentive by implementing a preferential tax rate of five per cent on income generated from GSH activities for new companies, starting Jan 1, 2027, said Prime Minister Datuk Seri Anwar Ibrahim.
Business : Global Services Hub To Enjoy 5 Pct Preferential Tax Rate From Jan 1, 2027 - PM Anwar
Budget 2027, GSH, JS-SEZ, Anwar Ibrahim, economy
Key points
- The initiative would further facilitate business operations, making it easier for global companies to operate in Malaysia and bring in top skilled talent, said Anwar, who is also Finance Minister, when tabling Budget 2027 in the Dewan Rakyat today.
- The GSH incentive period will be extended in five-year increments, up to a maximum of 30 years,” he said.
- Anwar said GSH companies managing treasury and funds would be exempt from withholding tax on interest payments, as well as stamp duty on intercompany loan agreements.
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Related reporting
4 stories on this topic from 4 sources, oldest first.
- New Straits Times 2027 Budget: 5pc tax rate for new global services hub companies
- Bernama Business : Global Services Hub To Enjoy 5 Pct Preferential Tax Rate From Jan 1, 2027 - PM Anwar (this story)