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Finance
 
Q.
Are MSC Malaysia companies exempted from registering with MOF when they bid for tenders?
No, they have to register with MOF. However, they do receive some priority when bidding for tenders.
 
Q.
Does MDEC need an official audited report? How many years of audited report do you need?
Yes, MDEC needs a copy of your company`s audited report. The number of reports to be submitted depends on how often the company produces it (annually, etc).
 
Q.
After MSC Malaysia status is awarded to a company, when does the company begin to enjoy the tax exemption?

To further enjoy the tax exemption incentive, company must first submit the Pioneer Status/ITA activation form within 24 months from the MSC Malaysia Status approval date. In addition, company also is required to submit additional documents e.g first sales invoice, tenancy agreement, copy of MSC Status certificate and etc. For full details please refer to the checklist. Click here to download the checklist.

For more information, please contact:

MDEC Client Contact Center (CliC)
E-mail: clic@mdec.com.my
Toll free no.: 1-800-88-8338 (within Malaysia)
Tel : +603 8315 3000 (outside Malaysia)
Fax: +603 8315 3115
SMS: Type MDEC ASK (your email address)(your inquiries), send to 15888

 
Q.
What other documents do I submit to my accountant for proof when I submit the year-end account?
There are no other documents for you to hand over to your accountant.
 
Q.
Kindly advise on the details on tax exemption and the qualifying capital expenditure for an MSC Malaysia status company.

MSC Malaysia status companies may opt for either :

1. Pioneer Status (PS), OR
2. Investment Tax Allowance (ITA)

The qualifying capital expenditures are:

3. Hardware and software
4. Purchasing and / or renovation of building / office
5. Expenditure for greenery in Cyberjaya - plants and machinery

 
 
   
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Malaysia Digital Economy Corporation

The Malaysia Digital Economy Corporation (formerly known as Multimedia Development Corporation) a unique organization established to direct and oversee MSC Malaysia, the national ICT development initiative, by advising the Malaysian Government on legislation and policies, developing industry-specific practices and setting the standards for multimedia and digital operations. MDEC is also responsible for promoting MSC Malaysia locally and globally, whilst providing strategic support to MSC Malaysia Status Companies.

More about the Malaysia Digital Economy Corporation >