2027 Budget : 5pc tax rate strengthens Johor's investment pitch

<p>ISKANDAR PUTERI: A five per cent tax rate on qualifying income for eligible new Global Services Hub companies could boost Johor’s bid to attract high-value regional operations as the Johor-Singapore Special Economic Zone (JS-SEZ) records RM132 billion in investments.

New Straits Times JASSMINE SHADIQE · News & blogs · 1 hr ago

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The 2027 Budget allocates RM8 billion for technical and vocational education and training (TVET), including RM3 billion through HRD Corp.
The Bakat Madani initiative targets 30,000 new jobs nationwide in 2027, with tax deductions for companies providing training under the programme.
The Johor Talent Development Council recorded 7,773 job placements between January and April this year, with a reported placement success rate of 45 per cent.

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ISKANDAR PUTERI: A five per cent tax rate on qualifying income for eligible new Global Services Hub companies could boost Johor's bid to attract high-value regional operations as the Johor-Singapore Special Economic Zone (JS-SEZ) records RM132 billion in investments.

Iskandar Investment Bhd (IIB) president and chief executive officer Datuk Idzham Mohd Hashim said the incentive could attract regional functions in finance, technology, data management and business management.

The JS-SEZ recorded RM132 billion in investments between 2025 and June 2026, with its master plan and blueprint expected to be launched by year-end.

Idzham said IIB would focus on turning investment commitments into operating businesses, quality jobs and opportunities for local suppliers.

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Published: October 12, 2026 at 6:49 AM UTC
By: JASSMINE SHADIQE
Format: Article
Original: nst.com.my ↗

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New Straits Times 2027 Budget : 5pc tax rate strengthens Johor's investment pitch (this story)

2027 Budget : 5pc tax rate strengthens Johor's investment pitch

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