#IskandarPuteri – The Federal Government, through the Ministry of Finance and the Johor State Government, has announced a new tax incentive package under the Johor-Singapore Special Economic Zone (JS-SEZ) initiative, effective from January 1, 2025. The initiative aims to attract more high-value investments to the state.

This incentive package, which includes special tax rates, is also designed to stimulate economic growth and enhance the country’s competitiveness by addressing the dynamic needs of global and domestic investors.

Among the tax incentives provided to investors in the JS-SEZ are special corporate tax rates that will allow investors in sectors such as artificial intelligence (AI), quantum computing, medical equipment, aerospace, and global hub services to enjoy a five percent tax rate for up to 15 years.

Additionally, further incentives have been allocated for businesses operating in designated key areas within the JS-SEZ, along with a special 15 percent tax rate for up to 10 years for eligible knowledge-based workers.

Gambar dari Media Digital Johor