06 Jul 2015 12:00:00 AM

REP INCENTIVES

  • OPTIONAL FLAT TAX RATE
    Optional 15% flat tax rate on chargeable employment income for a period of five consecutive years.

    Deduction of 15% Flat Tax Rate

    Agency Inland Revenue Board (IRB)
    Purpose To exercise the 15% deduction on employment income. Please refer to Lembaga Hasil Dalam Negeri (LHDN) for more information.
    Related documents EA Form

    Note:

    • PCB will be deducted at 15% by the employer before the REP expiry date.
    • 15% will be taxed from annual chargeable income after submission of tax return.
    • If there is any surplus paid to IRB, the amount will be refunded to applicant.
  • TAX EXEMPTION ON CAR
    Exemption on import duty and excise duty for the purchase of one (1) fully imported Complete Built Up (CBU) vehicle or excise duty exemption for the purchase of one (1) locally manufactured Complete Knocked Down (CKD) vehicle subject to the total duty exemption limited up to RM100,000.



    Claiming the CKD/CBU Cars Tax Free

    Agency Tax Analysis Division (Bahagian Analisa Cukai), Ministry of Finance (MoF)
    Purpose Exemption on import duty and excise duty for the purchase of one (1) fully imported Complete Built Up (CBU) vehicle or excise duty exemption for the purchase of one (1) locally manufactured Complete Knocked Down (CKD) vehicle subject to the total duty exemption limited up to RM100,000.
    Related Webpage Register for an account with MoF MyCukai portal to submit your form online. Click here for the link.
  • family benefits
    Foreign spouse and children (below 18 years old) will be eligible to apply for Permanent Resident (MyPR) status. Applicant and foreign spouse must be married before the date of REP application submission. The procedure for Entry Permit issuance is subject to approval and at the discretion of the Director General of the Immigration Department of Malaysia while the procedure of MyPR issuance is subject to approval and at the discretion of Director General of the National Registration Department of Malaysia.

    This MyPR status is only applicable for Peninsular Malaysia.
    Entry Permit Application Process

    Agency Immigration Department of Malaysia
    Purpose Fast tracking of Entry Permit status of foreign spouse / children.
    Related documents Borang Permohonan Permit Masuk IM.4 Pin1/93
    Procedures:

    1. Applicant must obtain a valid Approval Letter, Surat Akuan Tarikh Kembali and MyPR support letters from Talent Corporation Malaysia Berhad (TalentCorp).
    2. Application can ONLY be submitted at Immigration Department Headquarters in Putrajaya.
    3. Applicant together with dependent who are applying need to be present at the Immigration Department Headquarters in Putrajaya.
    4. Application for Entry Permit will be processed at the discretion of the Immigration Department of Malaysia.
    5. Applicants need to personally submit their completed documents too:

      Jabatan Imigresen Malaysia
      Bahagian Visa, Pas dan Permit
      Tingkat 3 (Podium), Persiaran Perdana
      Presint 2, Pusat Pentadbiran Kerajaan Persekutuan
      62550 PUTRAJAYA 

      *For more information, please engage with Bahagian Visa, Pas dan Permit, Jabatan Imigresen Malaysia.
    MyPR Application Process

    Agency National Registration Department of Malaysia
    Purpose Fast tracking of Permanent Resident (MyPR) status of foreign spouse / children.
    Related documents MyPR application form JPN.KP01.
    Procedures:

    1. Applicant must be present at the National Registration Department (NRD) Headquarters in Putrajaya or the State National Registration Department Headquarters by bringing the documents to be submitted (both original and copied/duplicates).
    2. Please fill out the application form JPN.KP01 (available at the NRD counter) completely.
    3. Applicant to apply MyPR within 30 days from the reference date on Entry Permit issued by the Immigration Department of Malaysia (oval stamp). Applications submitted after 30 days will be charged with a processing fee.
    4. MyPR application must only be submitted at the NRD in Putrajaya or State NRD Headquarters:

      National Registration Department (HQ)
      Aras 2, Bahagian Kad Pengenalan,
      No. 20, Persiaran Sultan Sallahuddin Abdul Aziz Shah,
      Presint 2, 62551 Wilayah Persekutuan Putrajaya; or

      Note: No application can be submitted at other JPN branches.  

    5. Application for MyPR will be processed at the discretion of the National Registration Department of Malaysia.

      6. *For more information, please engage with MyPR Division, Seksyen Semakan Taraf, Bahagian Kad Pengenalan, JPN Malaysia.
  • TAX EXEMPTION ON PERSONAL EFFECTS
    Tax exemption for all personal effects brought into Malaysia, limited to one shipment.

    Tax Exemption on Personal Effects

    Agency Royal Malaysian Customs Department
    Purpose To obtain the tax exemption of personal effects brought into Malaysia.
    Related documents The Declaration of Goods Imported form - Borang Kastam No.1 - can be obtained from the REP Secretariat when reporting to TalentCorp or from the Royal Malaysian Customs Department

    Note:

    • Personal effects encompass furniture & fittings, electronic gadgets and other household items.
    • Motorised vehicle do not fall  under the category of personal effects.