KUALA LUMPUR (July 27): Prime Minister Datuk Seri Anwar Ibrahim said a special 15% income tax rate will be granted to eligible skilled workers and companies as part of the government's efforts to develop a special financial zone in Iskandar Malaysia, Johor.

In addition, the government will also offer immigration fast-lane facilities to ease the entry of skilled workers from abroad, he said in his speech at the launch of the Ekonomi Madani economic plan here on Thursday (July 27).

He said the special financial zone in Iskandar Malaysia will be competitive in order to attract international investors and knowledge workers to reside in Malaysia.

The special financial zone was first announced in Budget 2023 that he had tabled in his capacity as the finance minister in February.

Read also:
M'sia’s economic structure needs to be revamped to be leader in Southeast Asia, says PM
Anwar's Ekonomi Madani plan aims to bring fiscal deficit down to 3% or lower within 10 years
Govt, GLICs to invest additional funds of RM1b to encourage local start-ups, technopreneurs — PM
RM100 e-cash credit for adults earning under RM100,000 annually, says PM
Govt to provide up to RM5b in loan schemes to facilitate first-home purchases
Govt to allocate RM800m to solve water woes in Kelantan and Sabah
Govt to provide RM300 special appreciation aid to civil servants grade 56 and below
Govt to set aside RM10m to boost women's labour participation
Govt to widen social protection network to boost retirement savings adequacy, social insurance
Govt seeks to raise Malaysia’s position to 25th on UN Development Index
Domestic direct investment now a KPI for national investment achievements, says Anwar
Govt to allow trading of smaller share lots, fractional shares — PM
Govt to allocate RM42 mil to upskill gig workers