TAX RATE SCHEME (TRS)
The 15% Tax Rate Scheme (TRS) for knowledge workers in Iskandar Malaysia aimed at attracting both Malaysian and foreign knowledge workers to reside and work in qualifying industry sectors in Iskandar Malaysia. Qualifying activities in the eight (8) promoted sectors for compliance by the designated company*.
*Designated company is an IDR/ MSC/ Bio Nexus status company or any company conducting a qualifying activities as its core business.
PROFILE OF A QUALIFIED PERSON TO OPT FOR 15% TAX SCHEME
A knowledge worker (Malaysian or foreigner) who lives in Iskandar Malaysia and works for a designated company must commence employment between 24 Oct 2009 – 31 Dec 2020. He must also apply within the one year window timeframe, from the date of employment in Iskandar Malaysia. Once approval is obtained, the worker is eligible to apply for a duty-free car for his or her own personal use. A separate application is required for this.