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Forms & Guidelines for Mines Wellness City

Incentives for Mines Wellness City's Developer, Manager and Operator
ALL COMPANIES THAT WISH TO APPLY FOR SERVICES INCENTIVES ARE REQUIRED TO SUBMIT THE ADDITIONAL FOLLOWING APPENDIX TOGETHER WITH THE APPLICATION FORM:

Mines Wellness City (MWC) offers several tax incentives for its developer, managers and operators, as follows:

MWC Developers

A. Income tax exemption of 100% on the statutory income derived from:

  • The disposal of any right or rights over any land or disposal of a building or rights over a building or part of a building located in Mines Wellness City from the first-year of assessment MWC Developer derives statutory income until the year of assessment 2023; or
  • The rental of a building or part of a building located in Mines Wellness City from the first-year of assessment MWC Developer derives statutory income until the year of assessment 2026.

B. Stamp duty exemption of 50% on instruments of transfer of land or lease of land or building by MWC Developer in the MWC executed from 1 January 2013 until 31 December 2023

MWC Managers
  • Income tax exemption on income derived from providing management, supervision or marketing services to developer in MWC from YA 2013 to YA 2023.;
MWC Operators
  • 70% income tax exemption on income derived from qualified activities in healthcare services or complementary and traditional healthcare services carried out in MWC for 5 years from date of commencement of business of the said qualifying activities; or
  • Investment Tax Allowance of 60% or more for 5 years on qualifying capital expenditure incurred for qualifying activities carried out within MWC and this allowance is allowed to be set-off against 70% of statutory income for relevant YA.


*YA = year of assessment
For more information and other business opportunities on MWC, visit www.mineswellnesscity.com or contact 03-8943 8811.

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Last Updated : Friday 14th December 2018