Shearn Delamore & Co Legal Updates February 2022
We are pleased to bring you the latest legal updates for February 2022.
Tax & Revenue
The Income Tax (The Incentive for Manufacturers of Pharmaceutical Products Scheme) Rules 2022 have been gazetted on 17 February 2022 and have effect from year of assessment 2021.
Technology, Media & Telco
Subsequent to our previous update on the same subject matter in October 2021 available here (“Previous Update”), the Malaysian Communications and Multimedia Commission (“MCMC”) had on 17 December 2021 published the following further guidance on the regulation of cloud services in Malaysia: (a) Information Paper on Regulating Cloud Services; and (b) Frequently Asked Questions on Licensing Cloud Service Providers.