Tax Update-1998 Budget Issues


  The Multimedia Super Corridor (MSC) project in Malaysia is receiving much promotion and companies accorded MSC status enjoy a 10-year tax holiday or investment tax allowance.

In order to create a pool of sufficient knowledge workers in multimedia and information technology to meet the needs of the country, it is proposed that the incentive accorded to MSC companies approved by the Multimedia Development Corporation be extended to multimedia faculties in institutions of higher learning providing courses in media, computer, information technology, telecommunications, communications and contents relating to data, voice, graphics and images.

The proposal is to be effective from year of assessment 1998.

[page 16 of 27]

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