Malaysia has published the Income Tax (Tour Operator Company) (Exemption) Order 2026 in the Official Gazette on 7 April 2026, which provides for the implementation of an incentive for tourism companies announced as part of the 2026 Budget. The incentive provides a 100% tax exemption on incremental income derived from inbound tourism packages as compared to the previous year. The incremental income (exempt amount) is simply calculated as the income from inbound tourism packages in the current…