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Malaysia Extends Vendor Development Program Deduction Incentive

|Approved Changes|Malaysia
Malaysia

Malaysia has published amendments to the 2014 vendor development program deduction rules to extend the deduction incentive to 31 December 2020 (was to expire the end of 2016). Under the program, qualifying "anchor companies" are allowed a double deduction for expenditure incurred to carry out activities for the development of vendor companies, including activities related to product quality development, R&D, capability improvement, management improvement, and others.

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