TALENTCORP'S RETURNING EXPERT PROGRAMME
(CHANGES TO THE INCENTIVE ELIGIBILITY CRITERIA)
Please be informed on changes to incentive eligibility criteria related to the Returning Expert Programme (REP). The changes was announced by YB Dato’ Sri Abdul Wahid Omar, Minister in the Prime Minister's Department on Wednesday 26 March 2014:-
{C}(i) {C}Tax exemption on cars will be revised from currently two (2) locally manufactured Complete Knocked Down (CKD) cars to one (1) locally manufactured CKD or fully imported Complete Built Up (CBU) car per approved REP applicant, subject to a maximum of RM150,000 worth of tax exemption; and
{C}(ii) {C}Refining and raising the bar on the REP eligibility with a more holistic set of criteria to be better aligned to the needs of the economy.
TalentCorp's link on this is as follows:-
http://www.talentcorp.com.my/2014/03/26/revisions-to-the-returning-expert-programme-ensuring-the-right-incentive-for-the-right-talent/.