Malaysia Hotline: +603- 2141 8908
In line
with the Government’s objective to promote innovation and intellectual property
development among small and medium enterprises (SME), expenses incurred in the
registration of patent and trademark in the country will be allowed as a
deduction for the purpose of income tax computation. This is the tax incentives
for SME industries given from government Malaysia.
Such registration
expenses include fees or payment made to patent and trademark agents registered
under the Patents Act 1983 and the Trade Marks Act 1976.
The
definitions for the purpose of these tax incentives for SME are as follows:
i.
Companies as defined under paragraph 2A and 2B, Schedule 1, Income Tax Act 1967
ii.
Manufacturing industries, manufacturing related services industries and
agro-based industries
•
Enterprise with full-time employees not exceeding 150 persons; or with annual
sales turnover not exceeding RM25 million
iii.
Services industries, primary agriculture and information & communication
technology (ICT)
•
Enterprise with full-time employees not exceeding 50 persons; or with annual
sales turnover not exceeding RM5 million
This is
effective from the year of assessment 2010 until the year of assessment 2014.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my