Budget 2025

Updated 2 December 2024

Welcome to Budget Adviser, our publication that

highlights the various tax measures that were
announced in the Retabled Budget 2023.

24 February 2023
 Malaysia’s Budget 2025 was tabled in the Parliament on
18 October 2024. In line with the “Ekonomi MADANI
Negara Makmur, Rakyat Sejahtera” theme, Budget 2025
is a continuation of Ekonomi MADANI, a long-term
economic framework aimed at raising the ceiling of the
nation’s economic potential and improving the standard
of living for its people.

To achieve the country’s economic reforms, Budget 2025

focus on three key thrusts: to raise the ceiling in terms of
restructuring the economy and boost national
competitiveness; raise the floor in terms of improving the
quality of life and inclusiveness of opportunities; as well
strengthening good governance and public sector
reform especially enhancing transparency and
efficiency.

This Budget Adviser outlines numerous updates on the

various existing tax measures, as well as new tax
initiatives.

This publication has been prepared based on the Budget 2025 speech and the relevant appendices, the
tax measures from the Finance Bill 2024 and news publication.
Malaysia Budget 2025 2
Contents
Section Page
i. Individual Tax 4
ii. Corporate Tax 7
iii. Real Property Gains Tax 12
iv. Tax Incentive 13
v. Indirect Tax 14
vi. Stamp Duty 17
vi. Others 22
vii. Summary of Extension of Time &
28
Expansion of Scope

Malaysia Budget 2025 3

Individual Tax

1. TAX RELIEF FOR HOUSING LOAN INTEREST PAYMENT FOR FIRST RESIDENTIAL HOME
Effective from year of assessment 2009 to year of assessment 2016, tax relief for housing loan
interest payment for first residential home of up to RM10,000 per year was provided to individual
taxpayer for 3 consecutive years of assessment, commencing from the first year the housing loan
interest was paid which is subject to the following conditions:
i. the taxpayer is a Malaysian citizen and resident;
ii. limited to one residential property including flats, apartments or condominiums;
iii. the sale and purchase agreement executed from 10 March 2009 until 31 December 2010; and
iv. the taxpayer has not derived any income in respect of that residential property.
To stimulate the purchase of a first residential home and to increase disposable income, it is
proposed that tax relief be given on interest payments for the first residential home loan (individually
or jointly owned) as follows:

House Price Total Income Tax Relief Per Year

Up to RM500,000 RM7,000

Above RM500,000 up to RM750,000 RM5,000

The tax relief on interest payments for individual taxpayer is subject to the following conditions:
i. the taxpayer is a Malaysian citizen and resident;
ii. the residential property must be the first property purchased by the taxpayer for occupation as
a place of residence and is limited to one unit, which can include a house, condominium,
apartment or flat;
iii. the residential home must not be used to generate any income;
iv. the sale and purchase agreement must be executed from 1 January 2025 to 31 December 2027;
v. the amount of tax relief on allowable interest payments is applicable for 3 consecutive years of
assessment, commencing from the first year the housing loan interest is paid; and
vi. two or more individual taxpayers are eligible to claim tax relief on housing loan interest for the
same residential home based on apportionment of the interest payment as per the formula
below:

A x B/C
A - total amount of deduction allowed for the property for that relevant year i.e. RM5,000 or
RM7,000;
B - total interest expended in the basis year for that relevant year by that taxpayer; and
C - total interest expended in the basis year for that relevant year by all taxpayers.

Malaysia Budget 2025 4

Individual Tax

1. TAX RELIEF FOR HOUSING LOAN INTEREST PAYMENT FOR FIRST RESIDENTIAL HOME (CONT’D)
The relief applies to the amount expended by the wife or husband:
i. where the husband or wife elects for joint assessment, and their total income is aggregated in
the name of either the husband or the wife; or
ii. where the wife or husband has no source of income or total income, the amount is considered to
be expended by the spouse who has income.

Effective date : For the sale and purchase agreement of the first residential home executed from
1 January 2025 to 31 December 2027

2. TAX EXEMPTION ON PRIZE MONIES RECEIVED BY ATHLETES

Currently, income tax exemption is given on prize monies received by professional sportsmen and
sportswomen (individuals who engaged in sports for a livelihood).
It is proposed that prize monies from sports winnings received by athletes under the Skim Hadiah
Kemenangan Sukan from the National Sports Council be exempted from tax.

Further details are expected to be released in due course.

Malaysia Budget 2025 5

Individual Tax

3. TAX ON DIVIDENDS RECEIVED BY INDIVIDUAL SHAREHOLDERS

Prior to the year of assessment 2008, dividends distributed by companies were taxed based on the
full imputation system. Under this system, tax on dividends was imposed at the company as well as
shareholder levels. Nevertheless, the tax imposed on the shareholders would be adjusted to reflect
the amount already paid by the company through tax credits.
With effect from the year of assessment 2008, Malaysia has switched to the single-tier tax system.
Under this system, the tax on the company’s profit is final and dividends distributed are exempted
from tax at the shareholder level.
To enhance the individual income tax structure to be more progressive and broaden the tax base, it
is proposed that a “Dividend Tax” be introduced as follows:

Item Description

Scope of taxation on i. dividend income received by individuals for dividends paid, credited or
dividends distributed from company profits; and
ii. individuals consist of resident and non-resident individuals and individuals who
hold shares through nominees
Threshold and Threshold
formula to determine Annual dividend income exceeding RM100,000 will be subject to tax
dividend chargeable (RM100,000 and below is exempted)
income
Determination formula
AxC=D
B
A - Dividend statutory income
B - Aggregate income
C - Chargeable income
D - Chargeable dividend income
Tax rate 2% on chargeable dividend income after taking into account allowances and
deductions
Exemption from i. dividend income from abroad;
Dividend Tax ii. dividend income distributed from the profits of companies that received
pioneer status and reinvestment allowances;
iii. dividend income paid, credited or distributed from the profits of shipping
companies that is exempted from tax;
iv. dividend income distributed by co-operatives;
v. dividend income declared by closed-end funds;
vi. dividend income received by residents from Labuan entities; and
vii. any exemption given on dividend income at shareholder level.
Dividend Tax is not i. Kumpulan Wang Simpanan Pekerja (KWSP);
applicable to profit ii. Lembaga Tabung Angkatan Tentera (LTAT);
distributions made to iii. Amanah Saham Nasional Bumiputera (ASNB); or
contributors and iv. Any unit trust
depositors by:

Effective date : From year of assessment 2025

Malaysia Budget 2025 6

Corporate Tax

1. TAX DEDUCTION FOR EMPLOYERS PROVIDING CAREGIVING PAID LEAVE BENEFIT

Currently, employers who provide paid leave benefit for employees are eligible for tax deductions
under Section 33 of the Income Tax Act 1967. However, there are no tax incentives for employers who
provide additional paid leave to employees caring for children or ill or disabled family members.
To cushion the impact of loss of income on affected individuals and to support job retention in line
with the care economy policy, it is proposed that a 50% further deduction be given to employers
who provide additional paid leave of up to 12 months for employees caring for children or ill or
disabled family members.

Effective date : Application received by Talent Corporation Malaysia Berhad from 1 January 2025
to 31 December 2027

2. TAX INCENTIVES FO R IMPLEMENTATIO N O F E-INVO ICING

To encourage taxpayers to fully implement e-Invoicing, it is proposed that the expenses for the
following qualifying expenditure be given Accelerated Capital Allowance:

Capital Allowance Rates

Qualifying Expenditures
Currently Proposed
Purchase of information and technology
(ICT) equipment and computer software
packages Initial Allowance: 40% Initial Allowance: 20%

Consultation, licensing and incidental fees Annual Allowance: 20% Annual Allowance: 40%
related to customised computer software
development

With the revised rates, the capital allowance claim shall be reduced from 3 years to 2 years.

Effective date : From year of assessment 2024 to year of assessment 2025

Note: The above Accelerated Capital Allowance will only be granted to taxpayers that will not be
utilising the 6 months interim relaxation period in implementing e-invoice.

Malaysia Budget 2025 7

Corporate Tax

3. TAX DEDUCTION ON CORPORATE CONTRIBUTIONS FOR VOCATIONAL TRAINING

It is proposed that tax deduction be granted to companies for donation of new equipment and
machinery to Institusi Latihan Kemahiran Awam (ILKA), polytechnics or registered vocational
colleges.

Effective date : From year of assessment 2025 to year of assessment 2027

4. INTRODUCTION OF SUPPLY CHAIN RESILIENCE INITIATIVE

To strengthen the local supply chain and key ecosystem sectors, it is proposed that the Supply
Chain Resilience Initiative be introduced with the following incentives:
i. double deduction of up to RM2 million per annum for 3 consecutive years for manufacturing
expenditure of multinational enterprises (MNEs);
ii. joint investment by an MNE or its suppliers with a local supplier be given tax deduction based on
the amount invested;
iii. local suppliers involved in this initiative will be eligible for outcome-based tax incentive package;
and
iv. an investment matching fund of over RM100 million will be provided through a public fund equity
platform to develop local suppliers in the sectors of Electrical and Electronics (E&E), specialty
chemicals and medical devices.

Further details are expected to be released in due course.

Effective date : To be implemented in the 3rd quarter of 2025

Malaysia Budget 2025 8

Corporate Tax

5. EXPANSION OF TAX EXEMPTION FOR ISLAMIC FINANCIAL ACTIVITIES UNDER LABUAN

INTERNATIONAL BUSINESS AND FINANCIAL CENTRE (IBFC)
Currently, Labuan trading entities that undertake Islamic finance activities such as Islamic digital
banking, Islamic digital bourses, ummah-related companies and Islamic digital token issuers are
given tax exemption for a period of 5 years from year of assessment 2024 to year of assessment
2028.
To further attract investment in the Islamic finance sector driven by digital technology at the Labuan
IBFC, it is proposed that the 5 years tax exemption be expanded to include qualifying Labuan
takaful business activities and Labuan takaful related activities as follows:

Labuan Trading Entity Qualifying Activities

Labuan insurer; Labuan reinsurer; Takaful and re-takaful businesses that comply with Shariah
Labuan takaful operator; or Labuan principles:
re-takaful operator i. risk management; or
ii. product development

Labuan captive insurer; or Labuan Takaful and re-takaful businesses that comply with Shariah
captive takaful principles where takaful participants are related companies or
associated companies or as approved by the Labuan
Financial Services Authority:
i. risk management; or
ii. product development
Labuan underwriting manager; or Provides underwriting services including administration
Labuan underwriting takaful related to Labuan takaful business
manager
Labuan insurance manager; or Provides management or administrative services related to
Labuan takaful manager Labuan takaful business

Labuan insurance broker; or Provides services such as:

Labuan takaful broker i. arrange Labuan takaful and re-takaful business; or
ii. financial analysis

Effective date : From year of assessment 2025 to year of assessment 2028

Malaysia Budget 2025 9

Corporate Tax

6. IMPLEMENTATION OF SELF-ASSESSMENT SYSTEM FOR AN ENTITY UNDER THE LABUAN BUSINESS

ACTIVITY TAX ACT 1990 (LBATA)
Currently, a Labuan entity carrying on a Labuan business activity and taxed under the LBATA is
assessed under “preceding year basis”.
It is proposed that the self-assessment system be introduced and the assessment be changed to
“current year basis”. In this regard, for the year 2025 there will be 2 years of assessment, i.e.:
• Preceding year basis: For basis period ending in the year 2024; and
• Current year basis: For basis period ending in the year 2025.

Effective date : 1 January 2025

Some of the pertinent administrative changes are as follows:

Preceding year basis Current year basis

To furnish to the Director General a statutory To furnish to the Director General a return of
declaration and a return of profits within 3 profits in the prescribed form within a period of 7
months from the commencement of a year of months from the date following the close of
assessment accounting period of the Labuan entity
To manually file a statutory declaration and a The return of profits shall be furnished on an
return of profits in the prescribed form electronic medium or by electronic transmission
Not applicable An authorised tax agent is permitted to furnish
on behalf of the Labuan entity any prescribed
form on an electronic medium or by electronic
transmission
The IRBM will issue a notice of assessment upon The return of profits furnished to the IRBM is
receipt of a return of profits of the Labuan entity deemed to be a notice of assessment.
Payment of the tax shall be on the day of filing of • Payment of tax for a year of assessment shall
the statutory declaration and return of the be due and payable on the due date
Labuan entity • “Due date” means the last day of the seventh
month from the date following the close of
accounting period
• Failure to make the payment of tax on the day Failure to make the payment of tax on the due
of filing will result in a 10% penalty on the date will result in a 10% penalty on the unpaid
unpaid tax tax
• The IRBM will issue a Notice of Demand to be
served personally or by post to the Labuan
entity

Effective date : Year of assessment 2025 in respect of the basis period ending in year 2025 and
subsequent years of assessment

Malaysia Budget 2025 10

Corporate Tax

7. SUBMITTING INCORRECT RETURNS, INFORMATION RETURNS OR REPORTS

Currently, a taxpayer could avoid being guilty of an offence if he satisfies the court that the
incorrect return, information return or report, or incorrect information was made or given in good
faith.
It is proposed that if no prosecution is initiated in respect of the incorrect return, information return
or report, or incorrect information, the taxpayer may still be liable to a penalty of not less than
RM20,000 and not more than RM100,000. If the taxpayer fails to pay the imposed penalty, the IRBM
can invoke its authority to recover it as part of the tax payable of the taxpayer. Once this penalty is
paid or adjusted, the taxpayer shall not be charged for the same offence again.

8. REVISION OF INCOME TAX ESTIMATE IF DEEEMED REVISED TAX ESTIMATE IS ISSUED

Currently, a company, limited liability partnership, trust body or cooperative society is allowed to
revise its tax estimate in the 6th, 9th or 11th month of its basis period, provided that the Director
General had issued a directive on the amount of instalment payments before the 9th month of the
basis period. However, it is not clear whether the 11th month revision will be allowed if the Director
General had issued the directive after the 9th month of the basis period.
To clarify the above, it is proposed that the 11th month revision be allowed if the Director General had
issued the directive before the 11th month of the basis period.

Effective date : From year of assessment 2025

Malaysia Budget 2025 11

Real Property Gains Tax

1. FAILURE TO SUBMIT RETURNS AND OTHER OFFENCES

It is proposed that the court is empowered to issue further orders directing taxpayers to submit
returns within 30 days after being convicted for failure to submit returns and other offences,
including:
• Failure to file returns by a nominee
• Failure to file returns in cases of asset transfer to a company’s trading stock
• Failure to comply with notice to produce information/documents required by Director General of
the Inland Revenue Board of Malaysia.

Effective date : 1 January 2025

2. IMPLEMENTATIO N OF THE SELF-ASSESSMENT SYSTEM FOR REAL PROPERTY GAINS TAX

Currently, real property gains tax (RPGT) returns shall be submitted by the taxpayer within 60 days
from the disposal date to the Inland Revenue Board of Malaysia (IRBM).
To enhance efficiency, it is proposed that mandatory submission of RPGT returns via electronic
medium be implemented. The certificate of non-chargeability will be deemed to have been issued by
the Director General of the IRBM to the disposer upon the submission of returns in an electronic
medium or by way of an electronic submission. The payment period for deemed assessments will be
extended from 60 days to 90 days from the date of disposal. A 10% penalty may be imposed for late
payments made beyond the specified period.

Effective date : 1 January 2025

3. TAX TREATMENT ON GAINS OR LOSSES FROM DISPOSAL

Currently, real property gains tax is imposed on the total gains from the disposals of real property
and real property company shares with current losses allowed as deductions against the total
gains, including gains from previous disposals within the same year of assessment.
It is proposed that each disposal shall be treated and taxed separately, with losses from disposals
only claimable against subsequent disposals within the same year of assessment. In addition,
unabsorbed losses arising from the disposals can be carried forward to the following year of
assessment and offset sequentially.

Effective date : 1 January 2025

Malaysia Budget 2025 12

Tax Incentive

1. TAX INCENTIVES FOR SMART LOGISTICS COMPLEX

The Smart Logistics Complex (SLC) is a modern warehousing facility that uses technologies such as
the Internet of Things (IoT) and Artificial Intelligence (AI) aimed at automating various warehousing
operations, reducing costs and enhancing the overall supply chain performance. However, there are
no specific incentives provided to companies in Malaysia that incorporate the Fourth Industrial
Revolution (IR4.0) elements in smart warehousing.
For Integrated Logistics Services (ILS) such as delivery, transportation and warehousing, tax
incentives are provided as follows:
i. Pioneer Status with tax exemption of up to 70% of the statutory income for a period of 5 years;
or
ii. Investment Tax Allowance (ITA) of 60% on the qualifying capital expenditure incurred within a
period of 5 years. The allowance can be set-off against up to 70% of the statutory income for
each year of assessment.
In addition, tax incentives for automation in the form of Accelerated Capital Allowance and income
tax exemptions equivalent to the ITA are available to companies in the services sector that invest in
machinery and automation equipment with IR4.0 elements. The qualifying capital expenditure for the
first RM10 million can be claimed under this incentive. The incentive is eligible for applications
received by the Malaysian Investment Development Authority (MIDA) until 31 December 2027.
To further enhance the supply chain efficiency through the adaptation of advanced technology in
logistics activities, including the use of IR4.0 elements such as AI, IoT and blockchain, it is proposed
that tax exemption equivalent to an ITA of 60% on qualifying capital expenditure incurred for a
period of 5 years be provided to SLCs. The allowance can be offset against up to 70% of the
statutory income for each year of assessment, subject to the following conditions:
A. eligible SLC companies
i. SLC investor and operator that invest in the construction of smart warehouses and undertake
eligible logistics services activities; or
ii. SLC operator that leases a smart warehouse under a long-term lease of at least 10 years and
undertake eligible logistics services activities.
B. eligible logistics services
i. regional distribution centres;
ii. integrated logistics services;
iii. storage of hazardous goods; or
iv. cold chain logistics.
C. warehouse with a minimum build-up area of 30,000 square meters;
D. adaptation of at least 3 IR4.0 elements; and
E. other specified conditions.

Effective date : Application received by MIDA from 1 January 2025 to 31 December 2027

Malaysia Budget 2025 13

Indirect Tax

1. EXCISE DUTY ON SUGAR SWEETENED BEVERAGES

Effective from 1 January 2024, the excise duty on sugar sweetened beverages was increased from
RM0.40 per litre to RM0.50 per litre based on the threshold of sugar content in the following
beverages:

Sugar Content
Tariff Code Type of beverages
Threshold
Beverages including carbonated drink containing
added sugar or other sweetening matter or flavoured >5gram/100millilitre
22.02 and other non-alcoholic beverages
Flavoured milk-based beverages containing lactose
>7gram/100millilitre

Fruit juices and vegetable juices whether or not

20.09 >12gram/100millilitre
containing added sugar or other sweetening matter

It is proposed that excise duty rate for the above sugar sweetened beverages be increased in
phases at RM0.40 per litre. This is to improve health and well-being of the people especially to
prevent diabetes and obesity.

Effective date : From 1 January 2025

2. SALES TAX EXEMPTION ON MASTECTOMY BRAS FOR BREAST CANCER PATIENTS

Currently, mastectomy bras for cancer patients are subject to following duties/taxes:

Product Tariff Code Import Duty Sales Tax

Mastectomy bra (made from cotton) 6212.10.1100 0% 10%

Mastectomy bra (made from other textile

6212.10.9100 0% 10%
materials)

It is proposed that sales tax exemption be given for the above mastectomy bras to be in line with the
value of compassion and to ease the burden of breast cancer patients.

Effective date : Application received by the Ministry of Finance from 1 November 2024 to 31
December 2027

Malaysia Budget 2025 14

Indirect Tax

3. REVIEW OF EXPORT DUTY EXEMPTION ON CRUDE PALM OIL

The Customs Duties Order 2022 determines the export duty rate on crude palm oil (CPO) according
to market price range of CPO. Effective 1 January 2020, the export duty for CPO was revised
through a partial exemption.
It is proposed that the export duty for CPO, taking into accounts the partial exemption be revised to
ensure sufficient supply of CPO in the domestic market as well as to encourage midstream and
downstream processing activities for the production of value-added products such as biodiesel and
oleochemicals as follows:

Current Proposal
CPO Market Price Export Duty Rate CPO Market Price Export Duty Rate
(RM/metric tonne) (RM/metric tonne)
<2,250 Nil <2,250 Nil
2,250–2,400 3.0% 2,250–2,400 3.0%
2,401–2,550 4.5% 2,401–2,550 4.5%
2,551–2,700 5.0% 2,551–2,700 5.0%
2,701–2,850 5.5% 2,701–2,850 5.5%
2,851–3,000 6.0% 2,851–3,000 6.0%
3,001–3,150 6.5% 3,001–3,150 6.5%
3,151–3,300 7.0% 3,151–3,300 7.0%
3,301–3,450 7.5% 3,301–3,450 7.5%
3,451–3,600 8.0%
3,601-3,750 8.5%
>3,450 8.0% 3,751-3,900 9.0%
3,901-4,050 9.5%
>4,050 10.0%

Effective date : 1 November 2024

Malaysia Budget 2025 15

Indirect Tax

4. REVIEW OF SALES TAX RATES AND EXPANSION OF SERVICE TAX SCOPE

Sales tax is imposed on taxable goods manufactured in Malaysia as well as taxable goods imported
into Malaysia. Currently, sales tax rates are 5% or 10% depending on the type of goods and there
are specific rates for petroleum related products. There are also goods that are exempted from sales
tax.
Service tax is imposed on taxable services provided by service providers including digital services
provided to consumers in Malaysia by foreign registered persons who are registered with the Royal
Malaysian Customs Department. Service tax is also charged on importation of taxable services. The
service tax rates are 6%, 8% or a specific rate depending on the type of taxable service provided.
It is proposed that sales tax rates and service tax scope be reviewed to strengthen the fiscal position
as follows:
i. sales tax exemption be maintained on basic food items consumed by the rakyat;
ii. sales tax be increased on non-essential items such as imported premium goods (e.g. salmon and
avocado); and
iii. scope of service tax be expanded to include new services such as commercial service
transactions between businesses (B2B).
The Government will undertake industry consultation to provide balancing measures as well as
finalising the scope and applicable tax rates.

Effective date : 1 May 2025

5. FURNISHING OF RETURNS AND PAYMENT OF SALES TAX AND SERVICE TAX DUE AND PAYABLE
Currently, a registered manufacturer and a service tax registered person whose taxable period has
been varied is required to furnish a return not later than 30 days of the month following the end of
the varied taxable period.
It is proposed to allow the registered manufacturer and the service tax registered person to furnish a
return not later than the last day of the month following the end of the varied taxable period.

Effective date : Upon coming into operation of the Act

Malaysia Budget 2025 16

Stamp Duty

1. STAMP DUTY FOR DEED OF ASSIGNMENT FOR LIFE INSURANCE POLICY AND FAMILY TAKAFUL
CERTIFICATE
Currently, stamp duty is charged on deed of assignment for life insurance policy and family takaful
certificate pursuant to Item 32(a) of the First Schedule, Stamp Act 1949 at ad valorem rates in the
table below.
In order to help reduce the deed of assignment costs and to promote insurance and takaful
protection of family members, it is proposed that stamp duty be charged on deed of assignment for
life insurance policy and family takaful certificate given by way of love and affection or through a
trustee at fixed rates in the table below:

Current Ad Valorem Proposed Fixed

Ownership Transfer Value
Stamp Duty Rate Stamp Duty Rate

The first RM100,000 1% RM10

Above the first RM100,000 to RM500,000 2% RM100

Above RM500,000 to RM1,000,000 3% RM500

More than RM1,000,000 4% RM1,000

Effective date : Deed of assignment for life insurance policy and family takaful certificate executed
from 1 January 2025

2. STAMP DUTY FOR LOAN/FINANCING AGREEMENTS BASED ON SHARIAH PRINCIPLES

Currently, ad valorem stamp duty at a rate of 0.5% is charged on loan/financing agreements for the
purchase of goods other than hire purchase based on Shariah principles such as Murabahah and
Tawarruq.
In order to streamline the stamp duty treatment on loan/financing agreements for the purchase of
goods based on Shariah principles under the First Schedule, Hire Purchase Act 1967, it is proposed
that stamp duty be imposed at a fixed rate of RM10 on the loan/financing agreements for the
purchase of goods other than hire purchase based on Shariah principles.

Effective date : Loan/financing agreements based on Shariah principles executed from 1 January
2025

Malaysia Budget 2025 17

Stamp Duty

3. IMPLEMENTATION OF SELF-ASSESSMENT SYSTEM FOR STAMP DUTY

Currently, stamp duty information is entered into the Stamp Assessment and Payment System
(STAMPS) by duty payers and the assessment of stamp duty remains the responsibility of the Inland
Revenue Board of Malaysia (IRBM). The duty payers pay stamp duty according to the notice of
assessment issued by the IRBM through STAMPS.
In order to ensure the stamping and self-payment system is more efficient and to further enhance
compliance, it is proposed that Self-assessment Stamp Duty System (STSDS) be implemented in
phases based on the types of instruments/agreements.
STSDS requires duty payers or appointed agents to upload information in STAMPS and undertake
self-assessment of the value of stamp duties for the instruments/agreements and subsequently make
payments based on the self-assessment within a specified timeframe.

Effective date :

Phase Effective Date Types of Instruments

Instruments/agreements related to rental or

Phase 1 From 1 January 2026
lease, general stamping and securities

Phase 2 From 1 January 2027 Instruments of transfer of property ownership

Instruments/agreements other than stated in

Phase 3 From 1 January 2028
Phase 1 and Phase 2

4. STAMP DUTY EXEMPTION ON LOAN/FINANCING AGREEMENTS THROUGH THE INITIAL EXCHANGE

OFFERING (IEO) PLATFORM FOR MICRO, SMALL AND MEDIUM ENTERPRISES (MSMEs)
Currently, stamp duty at a rate between 0.05% and 0.5% is charged on loan/financing agreements
executed by MSMEs and investors through the IEO platforms pursuant to Item 27 of the First
Schedule, Stamp Act 1949.
In order to facilitate the expansion of MSMEs’ access to raising business capital through alternative
financing, it is proposed that the stamp duty on loan/financing agreements executed by MSMEs and
investors though the IEO platforms registered with the Securities Commission Malaysia be exempted
for 2 years.

Effective date : Loan/financing agreements executed from 1 January 2025 to 31 December 2026

Malaysia Budget 2025 18

Stamp Duty

5. STAMP DUTY EXEMPTION FOR LOAN/FINANCING AGREEMENTS UNDER MICRO FINANCING

SCHEME (MFS)
Currently, stamp duty is exempted for loan/financing agreements between Micro, Small and
Medium Enterprises (MSMEs) and financial institutions under the MFS approved by the National
Small and Medium Enterprise Development Council for an amount not exceeding RM50,000. This
exemption applies to loan/financing agreements executed on or after 1 January 2012.
In order to assist MSMEs in obtaining unsecured loans/financing, it is proposed that stamp duty
exemption be given for loan/financing agreements under the MFS for an amount not exceeding
RM100,000.

Effective date : Loan/financing agreement under the MFS executed from 1 January 2025

6. STAMP DUTY FOR INSTRUMENT OF CHEQUE

Currently, stamp duty is charged on instrument of cheque pursuant to Item 29 of the First Schedule,
Stamp Act 1949 at a fixed rate of RM0.15.
It is proposed stamp duty be increased to RM1 on the instrument of cheque.

Effective date : 1 January 2025

7. STAMP DUTY FOR POWER OR LETTER OF ATTORNEY

Currently, stamp duty is charged on power or letter of attorney pursuant to Item 59 of the First
Schedule, Stamp Act 1949 at a fixed rate of RM10.
It is proposed that ad valorem stamp duty be charged on instruments with conveyance features
involving consideration while in any other case, stamp duty charged is remained at a fixed rate of
RM10.

Effective date : 1 January 2025

8. FINE FOR FRAUD IN RELATION TO DUTY

Currently, fine of RM5,000 is imposed on any person who practices or is concerned in any
fraudulent act, contrivance or device not specially provided for by law, with intent to defraud the
Government of any duty pursuant to Section 74 of the Stamp Act 1949.
It is proposed that the fine for fraud in relation to duty be imposed at amount of not less than
RM1,000 and not more than RM20,000.

Effective date : 1 January 2025

Malaysia Budget 2025 19

Stamp Duty

9. STAMP DUTY FOR LEASE OR AGREEMENT FOR LEASE

Currently, ad valorem stamp duty is charged on the lease or agreement for lease pursuant to Item
49(a) of the First Schedule, Stamp Act 1949 at the following rates:
Exceeding 1 year
Average rent and other annual Not exceeding 1 but not Exceeding 3
consideration year exceeding 3 years
years

Does not exceed RM2,400 Nil Nil Nil

For every RM250 or part thereof

RM1 RM2 RM4
exceeding RM2,400

It is proposed stamp duty be charged at the following rates:

Exceeding 1 Exceeding 3
Not year but years but
Average rent and other annual Exceeding 5
exceeding 1 not not
consideration years
year exceeding 3 exceeding 5
years years

For every RM250 or part thereof RM1 RM3 RM5 RM7

Effective date : 1 January 2025

10. NEW MINIMUM DUTY

In order to streamline the minimum stamp duty treatment for all levels, it is proposed that the new
minimum duty at the rate of RM10 be imposed on instruments with duty less than RM10. This is not
applicable to instruments of cheque and contact notes.

Effective date : 1 January 2025

Malaysia Budget 2025 20

Stamp Duty

11. PENALTY FOR LATE STAMPING

Currently, the stamp duty penalty is imposed on late stamping pursuant to Section 47A of the Stamp
Act 1949 based on the rates below.
It is proposed that stamp duty penalty for late stamping be imposed based on the rates below:

Period of Late Stamping

Exceeding 3 months but

Not exceeding 3 months Exceeding 6 months
not exceeding 6 months
RM25 or RM50 or RM100 or
Current 5% insufficient duty, 10% Insufficient duty, 20% insufficient duty,
whichever is greater whichever is greater whichever is greater
RM50 or
RM100 or
Proposed 10% insufficient duty,
20% insufficient duty, whichever is greater
whichever is greater

Effective date : 1 January 2025

12. STAMP DUTY FOR EXCHANGE OF PROPERTIES

Currently, ad valorem stamp duty is charged on the principal instrument concerning payment for
the difference in sale value of the exchanged properties, while stamp duty at a fixed rate of RM10 is
charged on other instruments completing the property.
It is proposed that the ad valorem stamp duty be expanded to include the transfer of property
ownership, whether with or without consideration, treated as a sale transfer. Stamp duty at a fixed
rate of RM10 will still apply to the following transfers:
a. Transfers involving Ruler of a State, Government or State Government;
b. Subdivision of land or partitioning of land where grantor and recipient are original co-owners;
and
c. Property transfers between husband and wife, parent and child, grandparent and grandchild or
among siblings.

Effective date : 1 January 2025

Malaysia Budget 2025 21

Others

1. REVIEW OF THRESHOLD VALUE FOR WINDFALL PROFIT LEVY

The windfall profit levy is imposed on the production of fresh fruit bunches when the market price of
crude palm oil (CPO) exceeds the threshold.
In order to continuously support the sustainability of the palm oil industry, it is proposed that the
threshold of the windfall profit levy for Peninsular Malaysia, Sabah and Sarawak be revised as
follows:

Threshold of CPO Prices

Location (RM/metric tonne) Rates of Levy
Current Proposal
Peninsular Malaysia 3,000 3,150 3%
Sabah and Sarawak 3,500 3,650 3%

Effective date : 1 January 2025

2. CONSOLIDATION OF GOVERNMENT AGENCIES

To enhance operational efficiency, government agencies with similar roles have been consolidated.
This includes the merging of:
i. InvestKL Corporation and Malaysian Investment Development Authority (MIDA);
ii. Razak School of Government (RSOG) and Institut Tadbiran Awam Negara (INTAN);
iii. Halal Development Corporation (HDC) and Malaysia External Trade Development Corporation
(MATRADE); and
iv. Malaysian Aviation Commission (MAVCOM) and the Civil Aviation Authority of Malaysia (CAAM).
The above mergers will increase the efficiency of the above government agencies to be self sufficient
without relying on government fundings.

3. ENVIROMENTAL, SOCIAL AND GOVERNANCE (ESG) BASED INVESTMENT FOR CARBON CAPTURE
UTILISATION AND STORAGE (CCUS) ACTIVITIES
It is proposed that tax incentives in the form of investment tax allowance or income tax exemption be
introduced for CCUS activities.

Further details are expected to be released in due course.

Malaysia Budget 2025 22

Others

4. NEW INVESTMENT INCENTIVE FRAMEWORK (NIIF)

A New Investment Incentive Framework (NIIF) will be introduced, which focuses on high-value
activities as opposed to existing incentives based on specific products. With the implementation of
NIIF, the government aims to reduce the economic gap between regions through economic spillover.
One of the initiatives is to offer tax incentives at a special rate for investments in 21 economic sectors
in states such as Perlis, Kedah, Kelantan, Terengganu, Sabah and Sarawak, resulting in economic
spillover.
The framework also includes a strategic investment fund worth RM1 billion aimed at enhancing the
capacity of local talent and encouraging high-value activities to be carried out in the country.
The NIFF is expected to be implemented in the 3rd quarter of 2025.

5. CARBON TAX ON IRON, STEEL AND ENERGY INDUSTRIES

In order to encourage the adoption of low-carbon technologies, it is proposed that carbon tax on
iron, steel and energy industries be introduced by year 2026. Revenue collected from carbon tax will
be used to fund green technology and research programmes.

Further details are expected to be released in due course

6. REVIEW ON IMPLEMENTATION OF GLOBAL MINIMUM TAX

The Government is committed in streamlining the existing tax incentives and introduce alternative
non-tax based incentives in order to mitigate the impact of Global Minimum Tax and to maintain
Malaysia’s competitiveness as a preferred investment destination.
The Finance Bill 2024 released on 19 November 2024 made changes and clarifications to some
definitions and formulas to be aligned with the amendments to the GloBE Model Rules.

Effective date : Upon coming into operation of the Finance (No. 2) Act 2023

7. DEDUCTION FOR SUPPORTING EDUCATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED STUDENTS

To improve the accessibility of education for students from underprivileged families, it is proposed
that salary or wages paid to educators by education institutions and organisations approved under
Section 44(6) of the Income Tax Act 1967 be treated as expenditure incurred for welfare purposes.
Further details are expected to be released in due course.

Malaysia Budget 2025 23

Others

8. RELAXATION OF CONDITION IMPOSED ON APPROVED INSTITUTIONS OR ORGANISATIONS

Currently, services or benefits of approved institutions or organisations under Section 44(6) of the
Income Tax Act 1967 (ITA) must be targeted to Malaysia citizens regardless of race, religion and
heredity, in order for the approved institutions or organisations to enjoy income tax exemption.
To support efforts in raising aid funds under a shared responsibility, the Government proposed to
expand the scope of tax exemptions for charitable organisations under Section 44(6) of ITA to
include donations to non-citizens who are affected. It is expected that services or benefits of the
approved institutions or organisations may be extended to non-Malaysia citizens.
This is in light of the Government’s initiative in bringing in Palestinians requiring medical treatment in
Malaysia.

Further details are expected to be released in due course.

9. ACCESS TO TAX IDENTIFICATION NUMBER (TIN)

Currently, only registered taxpayers are allowed to access to TIN.
It is proposed that to enable the public to access TIN, such information shall not be considered as
confidential.
The Director General shall not be liable for any loss or damage suffered by taxpayers due to error or
omission arising from enabling access to TIN to the public. It also prohibits the public to use TIN other
than for income tax purposes.
Any abuse of TIN information shall be liable to a fine not exceeding RM4,000 or to imprisonment not
exceeding 1 year, or both.

Effective date : 1 January 2025

10. ELECTRONIC SUBMISSION OF AMENDED TAX RETURNS

Currently a company, limited liability partnership, trust body and cooperative society which has
furnished its tax return may make amendment to its tax return in a prescribed form on an electronic
medium or by way of electronic transmission.
It is proposed that the obligation to furnish the amended tax return in a prescribed form on an
electronic medium or by way of electronic transmission be expanded to resident individuals (with or
without business income), partnerships, associations and estates.

Effective date : From year of assessment 2025

Malaysia Budget 2025 24

Others

11. TAX DEDUCTION ON EXPENDITURE ON COMMUNITY PROJECTS

Currently, tax deduction is allowed for expenditure incurred by a person for the following:
A. provision of services;
B. public amenities;
C. contributions to a charity or community project pertaining to education, health, housing,
conservation or preservation of environment, enhancement of income of the poor, infrastructure,
information and communication technology or maintenance of a building designated as a
heritage site by the Commissioner of Heritage under the National Heritage Act 2005, approved
by the Minister of Finance; and
D. specifically for a company only, expenditure incurred on the provision of infrastructure in
relation to its business which is available for public use, subject to the prior approval of the
Minister of Finance.

To reduce the administrative burden of taxpayer to claim tax deduction for (C) above:
i. For contributions of up to RM300,000, the contribution needs to be verified and the charity or
community project needs to be approved by the relevant government authority
ii. For contributions of more than RM300,000, the contribution needs to be verified by the relevant
government authority, and the charity or community project needs to be approved by the
Minister of Finance

As for (D) above:

i. For expenditure of up to RM300,000, the expenditure and the provision of infrastructure only
needs to be verified and approved by the relevant government authority
ii. For expenditure of more than RM300,000, the expenditure shall be verified by the relevant
government authority and the provision of infrastructure shall be approved by the Minister of
Finance

Effective date : From 1 April 2025

12. TIME FRAME TO RECTIFY ERRORS OR MISTAKES IN E-INVOICE

Currently, if a person makes an error or mistake in the e-invoice, it can be rectified by issuing a
substitute e-invoice within 3 days from the date of issuance of the defective e-invoice.
It is proposed that the timeframe to rectify the error or mistake be amended to 72 hours from the
time of issuance of the defective e-invoice.

Effective date : From 1 January 2025

Malaysia Budget 2025 25

Others

13. DETERMINATION OF ACQUISITION DATE AND PRICE OF RELEVANT COMPANY SHARES FOR CAPITAL
GAINS TAX
With effect from 1 January 2024, Capital Gains Tax (“CGT”) applies to the gains or profits accruing
to a company, limited liability partnership, trust body or co-operative society arising from:
i. Disposal of unlisted shares for company incorporated in Malaysia;
ii. Disposal of shares of a controlled company incorporated outside Malaysia deriving value from
real property in Malaysia and/or another controlled company (“relevant company”) under
Section 15C of the ITA (hereinafter referred to as “S15C shares”); and
iii. Disposal of foreign capital asset.
As CGT comes into operation only on 1 January 2024, there was ambiguity as to whether the
deemed acquisition date and price of real property company (“RPC”) shares stipulated in the Real
Property Gains Tax Act 1976 (“RPGTA”) can be used for S15C shares acquired before 1 January
2024.
Some of the salient points/clarification in the Finance Bill 2024 are as follows:
• CGT applies to the gains or profits arising from the disposal of S15C shares acquired by a
company, limited liability partnership, trust body or co-operative society;
• Definition of “another controlled company” and “value of its total tangible asset” is provided /
updated;
• A relevant company ceases its relevant company status, where, at any date a relevant company
disposes of the real property situated in Malaysia and/or another S15C shares, and with the
disposal, the defined value of the real property situated in Malaysia and/or another S15C shares
owned by the relevant company has reduced to less than 75% of the value of its total tangible
assets;
• The basis of determining the acquisition date and price of S15C shares acquired before 1 January
2024 is deemed aligned with the basis of determining RPC shares under RPGTA;
• For acquisition of S15C shares where the relevant company (previously not a relevant company)
becomes a relevant company after a subsequent acquisition, the basis of determining the
acquisition date and price is deemed to be equal to the acquisition price determined according to
the following formula:

Determination formula

AxC
B
A – the number of S15C disposed by a company, limited liability partnership, trust body or co-
operative society
B – the total number of issued S15C shares at the subsequent acquisition date
C – the defined value of real property situated in Malaysia and/or another S15C shares owned by
the relevant company at the subsequent acquisition date

Effective date : 1 January 2025

Malaysia Budget 2025 26
Others

14. GROUNDS OF APPEAL IN A HEARING BY SPECIAL COMMISSIONERS OF INCOME TAX

Currently, the Special Commissioners of Income Tax (SCIT) shall adjourn the hearing for a
reasonable period of time upon request by the Director General if the appellant does not give
reasonable notice to the Director General in relation to reliance of grounds (other than those stated
in the Form Q) and variation of any grounds of appeal.
It is proposed that the appellant may rely on other grounds of appeal (other than those stated in the
Form Q) and vary any grounds of appeal if the appellant had provided a written notice in respect of
the above to the SCIT and Director General within 6 months from the date the appellant received a
notice from the Director General that the Form Q had been forwarded to the SCIT.

Effective date : 1 January 2025

Malaysia Budget 2025 27

Summary of Extension of Time
and Expansion of Scope
INDIVIDUAL TAX

Description Extension of Time Expansion of Scope

1. Tax relief for the following: Not applicable • Further deduction to be increased to:
• Disabled individual (further
 Disabled individual (further
deduction of RM6,000);
deduction of RM7,000);
• Disabled spouse (further
 Disabled spouse (further
deduction of RM5,000); and
deduction of RM6,000); and
• Unmarried disabled child
 Unmarried disabled child (further
(further deduction of
deduction of RM8,000).
RM6,000).
Effective date : From YA 2025
2. Tax relief on premiums paid/ YA 2026 to YA 2030 Not applicable
contributions to deferred annuity
and Private Retirement Scheme
(PRS) (maximum RM3,000)
3. Tax relief for child care fees paid 3 years Not applicable
to a registered child care centre or (up to YA 2027)
kindergarten for a child aged 6
years and below (maximum
RM3,000)
4. Tax relief for expenses related to Not applicable • The scope of the relief for EV
installation, rental, purchasing charging equipment will be
(including hire-purchase expanded to include expenses for the
equipment or subscription fees) purchase of household food waste
for Electric Vehicle (EV) charging composting machines
facilities (maximum RM2,500)(up • The relief for the purchase of food
to YA 2027) waste composing machines to be
claimed only once in the three years
of assessment (i.e. YA 2025, 2026,
2027)
• This relief remains capped at
RM2,500

Effective date : From YA 2025 to YA

2027
5. Tax relief for education and Not applicable • The tax relief is increased from
medical insurance premiums (self, RM3,000 to RM4,000
spouse, and child)(maximum
RM3,000) Effective date : From YA 2025

Malaysia Budget 2025 28

Summary of Extension of Time
and Expansion of Scope
INDIVIDUAL TAX

Description Extension of Time Expansion of Scope

6. Tax relief of up to RM10,000 for the Not applicable • To include in full medical
following medical expenses: examination, mental health
• Serious illness for self, spouse examination and COVID-19 detection
or child; test, including purchase of self-test
• Fertility treatment for self or kit for self, spouse or child (maximum
spouse; RM1,000):
• Vaccination for self, spouse or
 Purchase of other self-test kits;
child (maximum RM1,000);
 Purchase of self-testing medical
• Dental examination or
devices such as glucometer, pulse
treatment expenses for self,
oximeter, blood pressure monitor
spouse or child (maximum
and thermometer; and
RM1,000);
 Fees for disease detection
• Full medical examination,
examination conducted at clinic
mental health examination and
or hospital such as blood test,
COVID-19 detection test,
ultrasound, mammogram and
including purchase of self-test
pap smear.
kit for self, spouse or child
• Tax relief for assessment for
(maximum RM1,000); and
diagnosis, early intervention
• Assessment for diagnosis, early
programme or rehabilitation
intervention programme or
treatment for children (aged 18 years
rehabilitation treatment for
and below) with learning disabilities
children (aged 18 years and
to be increased from RM4,000 to
below) with learning disabilities
RM6,000.
such as Autism Spectrum
Disorder, Attention Deficit
Hyperactivity Disorder (ADHD),
Effective date : From YA 2025
Global Developmental Delay
(GDD), Intellectual Disability,
Down Syndrome and Specific • To include the medical expenses
Learning Disabilities (maximum incurred on co-payment in medical /
RM4,000). takaful insurance. The total relief
amount remains capped at
RM10,000.

Further details are expected to be

released in due course.
7. Tax relief on expenses for sports Not applicable • To include expenses incurred for tax
equipment and activities for self, resident parents
spouse or child (maximum
RM1,000) Effective date : From YA 2025

Malaysia Budget 2025 29

Summary of Extension of Time
and Expansion of Scope
INDIVIDUAL TAX

Description Extension of Time Expansion of Scope

8. Tax relief on medical treatment, Not applicable • To include expenses incurred for
dental treatment, special needs grandparents
and carer expenses for parents • To include vaccination as part of the
(maximum RM8,000) which is tax relief for full medical examination
inclusive of full medical (maximum RM1,000)
examination from medical
practitioners registered with the Effective date : From YA 2025
Malaysian Medical Council
(maximum RM1,000)
9. Tax exemption on child care Not applicable • To include elderly care expenses
allowance received from incurred for parents or grandparents
employers or paid directly by
employers to child care centres for Effective date : From YA 2025
children (aged 12 years and
below) (maximum RM3,000)
10. Tax relief on net savings in the 3 years • The tax relief can only be claimed by
National Education Savings (up to YA 2027) either parent for SSPN savings, with
Scheme (SSPN)(net deposit is the a maximum claim of RM8,000; and
total deposit in that year minus • Withdrawals from the SSPN fund
total withdrawal in that intended for education costs for
year)(maximum RM8,000) further studies will not affect the
calculation of eligible net savings
amount for tax relief

Effective date : From YA 2025 to YA

2027
11. Tax exemption on foreign source 10 years Not applicable
income received in Malaysia by (up to 31 December
resident individual 2036)

Malaysia Budget 2025 30

Summary of Extension of Time
and Expansion of Scope
TAX INCENTIVE

Description Extension of Time Expansion of Scope

1. Tax incentive for increased exports Not applicable • To include Advanced Integrated
for services sector of up to 70% of Circuit (IC) Design services
the statutory income equivalent to
50% of the value of increased Effective date : From YA 2025
exports for the following qualifying
services:
i. legal;
ii. accounting;
iii. architecture;
iv. marketing;
v. business consultancy;
vi. office services;
vii. construction management;
viii.building management;
ix. plantation management;
x. private education;
xi. publishing;
xii. printing;
xiii.information technology and
communication;
xiv.engineering; and
xv. local franchise.

Effective from YA 2002

Description Extension of Time Clarification of Scope

2. Tax incentive for automation in Not applicable • Tax incentive to include the
manufacturing, services and plantation sector to encourage the
agriculture sectors use of advanced technologies such
 Accelerated capital allowance as drones and AI in the plantation
(100%) and automation capital operations, thus reducing
allowance (100%) of qualifying dependence on foreign labour.
capital expenditure.
Further details are expected to be
released in due course.

Malaysia Budget 2025 31

Summary of Extension of Time
and Expansion of Scope
CORPORATE TAX

Description Extension of Time Expansion of Scope

1. Tax deduction for sponsorship of 2 years Not applicable

Smart Artificial Intelligence Driven
Reverse Vending Machine (Smart Effective date :
AI Driven RVM) Contribution/sponsorship
 Contribution/sponsorship and and application received
application received by the by the Ministry of Finance
Ministry of Finance from 1 April from 1 January 2025 to 31
2023 to 31 December 2024 December 2026
2. Private Higher Education Not applicable • Tax deduction on cost of
Institutions (PHEIs) are eligible for developing new courses by
tax deduction on expenses PHEIs is allowed to be fully
incurred for: claimed within the same year
• Development of new courses of assessment
• Compliance with regulatory • To include the development of
requirements for introducing Technical and Vocational
new courses Education and Training (TVET)
courses by private skills
The tax deduction is allowed from training institutions
the year of completion of
development of new courses over Effective date : From YA 2025 to
a period of 3 years. YA 2030
3. Tax incentive for Structured YA 2026 to YA 2030 • To include students pursuing
Internship Programme (SIP). structured training conducted
by regulatory bodies
Double deduction is given on
qualifying expenditure incurred
for implementing SIP approved by
Talent Corporation Malaysia
Berhad for eligible students
pursuing full time Master’s Degree,
Bachelor’s Degree, Professional
Certificate, Diploma and
Vocational level (minimum SKM
Level 1).

Malaysia Budget 2025 32

Summary of Extension of Time
and Expansion of Scope
CORPORATE TAX

Description Extension of Time Expansion of Scope

4. Double deduction for child care Not applicable • To include

allowance paid by employers to parents/grandparents care
employees. allowance paid by employers
to employees

Effective date : From YA 2025

Description Extension of Time Revision of Scope

5. Tax incentive for women on career Not applicable • A 50% further deduction to be
break for at least 2 years and given to the employer on the
returning to work force are as employment expenses paid for
follows: a period of 12 months for
hiring women returning to
• Employee: Income tax
work force
exemption on the remuneration
received for a maximum period
of 12 consecutive months
Effective date : Application
• Employer: Eligible for single tax received by Talent Corporation
deduction on the employment Malaysia Berhad from 1 January
expenses 2025 to 31 December 2027
6. Employers who implemented the Not applicable A 50% further deduction on the
Flexible Working Arrangements following eligible expenses
(FWA) are given double deduction (capped at RM500,000):
on the following eligible expenses
• Capacity building for FWA,
(capped at RM500,000):
including employee training
• Consultancy fees costs
• Capacity building for FWA, • Cost of acquiring virtual
including employee training working environment software
costs
• Cost of acquiring virtual
The expenses are subject to a
working environment software
one-off claim and to be verified
by TalentCorp.
Application received by Talent
Corporation Malaysia Berhad
(TalentCorp) from 1 July 2020 to
Effective date : Application
31 December 2022.
received by TalentCorp from 1
January 2025 to 31 December
2027

Malaysia Budget 2025 33

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Malaysia Budget 2025 35

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