Kuala Lumpur :
It is proposed that new and existing companies engaged in expansion, modernisation and refurbishment of their healthcare facilities be given exemption on income equivalent to Investment Tax Allowance of 100 per cent of qualifying capital expenditure for a period of five years.
The proposed incentive contained in the Budget 2015, is for companies that provide private healthcare facilities to at least five per cent healthcare travellers from their total number of patients. The move is made in view of Malaysia having the potential to be the region’s medical tourism hub and to further stimulate its growth.
The eligible companies must be licensed by the Health Ministry and registered with the Malaysian Healthcare Travel Council.
The qualified healthcare travellers are Malaysia My Second Home participants and their dependants, expatriates with a Malaysian work permit and their dependants, and non-Malaysians who visit and receive treatment from private healthcare facilities in Malaysia. The incentive is for applications received by the Malaysian Investment Development Authority (MIDA) from Jan 1, 2015 to Dec 31, 2017. — Bernama
source: http://www.theborneopost.com / Borneo Post Online / Home> News> Nation / Saturday – October 11th, 2014
