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.
Contact Us For Further Information Regarding Tax & Revenue Matters.
WRITTEN BY
For further information, please contact:
Anand Raj – Shearn Delamore & Co,
anand@shearndelamore.com
Anand (partner of Shearn Delamore & Co. since 2003) was admitted as an Advocate & Solicitor of the High Court of Malaya in 1996. Anand’s practice areas include all aspects of tax and transfer pricing disputes and litigation as well as competition law & antitrust. Anand is the Co-Head of the firm’s Antitrust Practice.
Anand was recognized as the 2017 Asia Tax Disputes and Litigation Practice Leader of the Year by the International Tax Review (ITR). Asialaw Leading Lawyers (2020 – 2022) recognized Anand as an “Elite Practitioner” in Competition/Antitrust as well as Tax. Anand is recognized as a “Highly Regarded Practitioner” in Indirect Tax and Tax Controversy 2019 – 2022 by the ITR. Anand is ranked by Legal 500 Asia-Pacific (2019 – 2021) as a “Leading Individual” in Tax. Asia Business Law Journal (2020 and 2021) recognized Anand as one of Malaysia’s Top 100 Lawyers in Competition Law & Antitrust and Tax Disputes & Controversy. Anand is recognized as a “Global Leader” (2019 – 2021) in Competition as well as Corporate Tax Lawyers by Who’s Who Legal.
Anand has acted in numerous leading tax cases, including for the Malaysian Bar, United Plantations Berhad, Castrol (Aspac Lubricants), MUI, ExxonMobil, Multi-Purpose Holdings Berhad, Seabanc Kredit, Paramount (M) (1963) Sdn Bhd, Bandar Utama City Corporation, SGS Singapore, Wincor Nixdorf, Petronas Penapisan, AIACL, SUEP Properties Berhad, Repsol, Flextronics Shah Alam Sdn Bhd, Seaport Worldwide Sdn Bhd, Shell Refining, United Malacca Berhad, Kompleks Tanjung Malim Sdn Bhd and many others.
Anand has also been recognized in the International Who’s Who Legal: Competition Lawyers for 2013 – 2020 and as a Tier 1 leader in his fields by the Global Competition Review (GCR), Chambers Asia-Pacific, Asia-Pacific Legal 500, Asialaw Profiles and other directories. Anand regularly represents and advises MNCs, GLCs, foreign and Malaysian enterprises on Competition Law in industries as diverse as financial services, telecommunications and multimedia, pharmaceuticals, insurance, logistics, hospitality, FMCG, manufacturing and the automotive sector, amongst others. Anand regularly conducts trainings and workshops for clients and is active in providing feedback to the relevant authorities and agencies.
