Main Incentives
for Manufacturing Companies (Appendix A: List of Promoted Activities and Products-General)
Pioneer Status
or
Investment Tax Allowance
1.2
Incentives
for High Technology Companies
(Appendix B: List of Promoted Activities and Products-General)
Pioneer Status
or
Investment Tax Allowance
1.3
Incentives
for Strategic Projects: involve products
or activities of national importance.
Pioneer Status
or
Investment Tax Allowance
1.4
Incentives
for Small and Medium-Scale Companies
(Appendix C: List of promoted activities for Small-Scale
Companies)
Pioneer Status
or
Investment Tax Allowance
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No
Incentives by
Sectoral
Summary:
1.5
Incentives
to Strengthen Industrial Linkages
a)
Industrial
Linkage Programme (ILP)
(Appendix IV: List of Promoted Activities and Products - Industrial Linkage Programe
(ILP)
Pioneer Status
or
Investment Tax Allowance
b)
Vendors
in an approved ILP
Pioneer Status
or
Investment Tax Allowance
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No
Incentives by Sectoral
Summary:
1.6
Incentives
for the Machinery and Equipment Industry
a)
Incentives
for the Production of Specialised Machinery
and Equipment:
Pioneer Status
or
Investment Tax Allowance
b)
Additional
Incentives for the Production of Heavy Machinery:
Pioneer Status
or
Investment Tax Allowance
c)
Incentives
for Automotive Component Modules:
Pioneer Status
or
Investment Tax Allowance
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No
Incentives by Sectoral
Summary:
1.7
Enhanced
Incentives for the Utilisation of Oil Palm Biomass:
Applications received from 13 September 2003 from
companies that utilise oil palm biomass to produce
value-added products such as particleboard, medium
density fireboard, plywood, pulp and paper
a)
New Companies
Pioneer Status
or
Investment Tax Allowance
b)
Existing
Companies that Reinvest
Pioneer Status
or
Investment Tax Allowance
For more information on your investment opportunities,
click here.
No
Incentives by Sectoral
Summary:
1.8
Additional
Incentives for the Manufacturing Sector
a)
Reinvestment
Allowance
b)
Accelerated
Capital Allowance
c)
Accelerated
Capital Allowance on Equipment to Maintain Quality
of power supply
d)
Tax Exemption
on the Value of Increased Exports: To promote exports,
manufacturing companies in Malaysia qualify for:
A tax exemption on the statutory
income equivalent to 10% of the value of increased
exports, provided that the goods exported attain at
least 30% value-added
or
A tax exemption on the statutory income equivalent
to 15% of the value of increased exports provided
that the goods exported attain at least 50% value-added
e)
To
further encourage the export of Malaysian goods,
a locally-owned manufacturing company with Malaysian
equity of at least 60% is eligible. These incentives
are effective from the year of assessment 2003
A tax exemption on the
statutory income equivalent to 30% of the value of increased
exports, provided the company achieves a significant
increase in exports
A tax exemption on the
statutory income equivalent to 50% of the value of increased
exports, provided the company succeeds in penetrating
new markets
A full tax exemption on
the value of increased exports, provided the company
achieves the highest increase in export in its category
1.9
Please
refer to Section “General
Incentives”
for other incentives related to the manufacturing
sector
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