Application Period for Tax Incentive for Returning Expert Extended

The deadline for applying for income tax incentive under the Returning Expert Programme has been extended to 31 December 2027 pursuant to the Income Tax (Determination of Approved Individual and Specified Year of Assessment under the Returning Expert Programme) (Amendment) Rules 2024 [P.U.(A) 45/2024].1
 
The Returning Expert Programme is a programme managed by Talent Corporation Malaysia Berhad and approved by the Malaysian Government. The programme seeks to encourage Malaysian citizens with the requisite qualifications to bring home the experiences, skill sets, knowledge and intercultural abilities gained from their time abroad to help create a world-class workforce in Malaysia by offering various incentives to qualifying individuals. The incentives include an optional 15% flat tax rate on chargeable employment income for five consecutive years and eligibility of foreign spouse and children for permanent residence status, subject to approval and at the discretion of the Immigration Department of Malaysia. Further details of the Returning Expert Programme can be obtained here.
 
Alert by Kok Chee Kheong (Partner) of the Corporate Practice of Skrine.
 
 

1 The principal order, namely the Income Tax (Determination of Approved Individual and Specified Year of Assessment under the Returning Expert Programme) Rules 2012 [P.U.(A) 151/2012] can be accessed here.

This alert contains general information only. It does not constitute legal advice nor an expression of legal opinion and should not be relied upon as such. For further information, kindly contact skrine@skrine.com.