They should make use of local services for finance, insurance and transport. There are different types of tax incentives offered in Malaysia in the form of tax exemptions, allowances related to capital expenditure and enhanced tax deductions. Statutory profit for year 2020, 2021, 2022, 2023 and 2024 are RM1,000,000, RM1,200,000, RM2,000,000, RM 1,500,000 and RM1,700,000 respectively. In Malaysia, the corporate tax rate is now capped at 25%. 2, Tower 1, Jalan P5/6 Presint 5, 62200 PUTRAJAYA 03 8000 8000 03 8891 7100 info@motac.gov.my Capital Market Sectors: Products & Services Recipient Incentives Reference Legislation; Sukuk: Issuer: Tax deduction on expenditure incurred for the issuance of sukuk pursuant to the principles of Ijarah or Wakalah (comprising a mixed component of asset and debt) until the year of assessment 2018.: Income Tax (Deduction for Expenditure on Issuance of Sukuk) Rules 2015– … The financial year end of DEF is 31 December. The unabsorbed pioneer losses available as at the end of the pioneer period are allowed to be carried forward up to a maximum of 7 consecutive years of assessment only. Expenses incurred towards promotional expenses overseas can be double deducted. The Malaysian Investment Development Authority (MIDA) has prepared a long list of activities and manufactured products as “promoted activities” and “promoted products”. As highlighted in earlier tax alerts, the financial incentives under the Multimedia Super Corridor (MSC) Malaysia Bill of Guarantee No. The above mentioned tax incentives can be leveraged by tax resident companies. In this article, we will explain the main three types of tax incentives available for industries in Malaysia, which are Pioneer Status (PS) and Investment Tax Allowance (ITA) which are available under Promotion of Investment Act 1986, and Reinvestment Allowance (RA) which is provided under Income Tax Act 1967. Taxation and GST Planning for Investment Property in Malaysia, Guideline for Personal Tax Clearance – Form CP21, CP22A, CP22B, Real Property Gains Tax (RPGT) in Malaysia, Malaysian Taxation on Foreign-Sourced Income, Personal Income Tax Filing Requirement in Malaysia, Tax Treatment on Digital Advertising Provided by A Non-Resident, Guide to Transfer Pricing Documentation in Malaysia, Corporate Tax Compliance & Planning Services, 3ecpa.com.my has been ranked by alexa.com as No.1 Online Company Registration Website in Malaysia, 3E Accounting has won numerous awards and recognition in the industry. Malaysia. Is It Possible To Build A Factory On Agricultural Land? Unit No. The PS is available to companies engaged in promoted activities or producing promoted products. 3-tier Incentive Tier 3 Tier 2 Tier 1 Blocks (years) 5 +5 5 +5 5 +5 Tax rate 10% 5% 0% Manufacturing & Services company Tax exemption on trading & services ... TAX INCENTIVES TVET and Private Higher Education Centers *Moratorium is not applied for the following:- i. Any unused RA may be carried forward for set off against the future business income in the post RA period. RA incentive cannot be claimed in the same basis period if a company is also enjoying PS or ITA incentives. RM1.8b for tax incentives to support the tourism sector during the COVID-19 period. The unabsorbed ITA available as at the end of ITA period is allowed to be carried forward up to a maximum of 7 consecutive years of assessment only. The annual sales should exceed RM10 Million. In the case of allowances, there is a provision to carry forward the unutilized … Incentive An exemption of 100% of QCE incurred can be claimed on the statutory income for a period of up to 5 years. Subsidiary companies that are into the food production industry approved by the Minster are eligible for 100% tax exemption on the statutory income for a period of up to 10 years on new projects and up to 5 years on expansion projects. Statutory profit and capital expenditure incurred are as follow: Note: The qualifying capital incurred in 2025 and 2026 are not eligible for ITA as they are incurred post ITA period. The PS incentive involves a tax exemption for 70% of statutory income (100% for certain activities) for a period of five years, which can be extended to a tax holiday of up to 10 years. In the event that a PS company makes losses during the pioneer period, the unutilised losses and capital allowances may be carried forward to the post-pioneer period for set off against future business income of the company. INCENTIVES Attractive incentive programmes are offered by Malaysian Government Agencies which includes tax holidays, infrastructure performance guarantees and … Usually, tax is exempted, which … Schools that are profit oriented or international schools registered with the Ministry of Education fall under this category. (A) 389/2018], which was gazetted on 31 December 2018. The companies that are incorporated in Malaysia need to fulfill the below mentioned criteria: Incentive There is a tax exemption provided equivalent to 20% of the increased export value which can be offset against 70% of the statutory income for a period of 5 years. Broadly, there are 12 categories of ITA in the PIA as follows: The 10-years tax relief period as stated above would be granted for an initial 5-year period which would be extendable by another 5 years when the relevant conditions are fulfilled. 20-01, 20-02, 20-03, Level 20, Menara Centara, No. 5 (BOG) have been reviewed and amended to adhere to the minimum standards under Action 5 of the Organization for Economic Cooperation and Development (OECD)’s Base Erosion and Profit Shifting (BEPS) Project (see Tax Alert No. All private pre-schools and kindergartens registered with the MOE are eligible. A company based in Labuan can apply to Labuan FSA so that they are recognized as a Labuan International Commodity Trading Company and fall under the GIFT category so that they can trade in physical and derivative instruments in foreign currencies in the following sectors: Companies based and incorporated in Malaysia and operate both regionally and internationally from Malaysia for all their operations fall under this category. Where a pioneer company carries out an approved research project during its tax relief period, it can elect to defer the deduction of the qualifying research expenditure to the post-pioneer period so as to reap the full benefit of the double deduction. Concessionary tax rate o… This publication is a quick reference guide outlining Malaysian tax information which is based on taxation laws and current practices. Companies undertaking biotechnology activity with approved bionexus status from Malaysian Biotechnology Corporation Sdn Bhd will be eligible for the following incentives: 1. Additional exemption of RM8,000 disable child age 18 years old and above, not married and pursuing diplomas or above qualification in Malaysia @ bachelor degree or above outside Malaysia in program and in Higher Education Institute … PS along with 70% exemption for a period of 5 years. For the building used as pre-school or kindergarten, an IBA at 10% per annum will be given. Industry Malaysia (IM) provides professional services for local & abroad companies entering Malaysia. tax relief period). We will assume you are fine with this. The list of promoted products and activities is under constant review and is updated from time to time to bring the list in line with Government’s investment policies. 3E Accounting Malaysia is offering affordable pricing for company incorporation and formation services in Selangor, Kuala Lumpur, Malaysia. If any new or existing company plans to expand, modernize or refurbish to provide private healthcare facility which benefits a minimum of 5% of healthcare travelers out of all the patients, an exemption is provided. Resident individuals are eligible to claim the following tax rebates, which are to be deducted from tax charged. These proposals will not become law until their enactment and may be amended in the course of their … A summary of the differences between PS, ITA and RA are as follows: Income tax is an important factor that needs to be taken into consideration in the planning of investment in Malaysia as this will affect the return on investment and, if not properly plan, can have a significant negative impact on the return. Companies that have generally started production less than a year and fall under the promoted activity or promoted product criteria in the manufacturing, food processing, agricultural, hotel, tourism or other industrial or commercial sectors will be eligible to avail benefits under ITA or PS. Other tax credits and incentives; Tax administration ... Malaysia Individual - Other tax credits and incentives Last reviewed - 16 December 2020. The period of tax exemption commences from the “production date” as determined by the Minister of International Trade and Industry (MITI). Incentive The deduction in expense can be claimed for a period spreading over 3 years. Incentive An incentive on income tax is given for 5 years which is calculated based on a formula. 2. Malaysia has now issued over 290 billion ringgit (US$67 billion) worth of incentives since February 2020. Resident individuals are eligible to claim the following tax rebates, which are to be deducted from tax charged. Exemption is given on import duty for raw materials and components that are imported by the companies. Companies that are indulged in biotechnology related activities and have an approval as Bionexus Status Company from the Biotechnology Coporation Sdn Bhd, Malaysia are eligible. ITA of 60% on QCE can be set off against 70% of the statutory income for a period of 5 years. RA is also available to companies engaged in agricultural projects (e.g. You can opt-out if you want to. Many tax incentives simply remove part or of the burden of the tax from business transactions. The tax incentive given under ITA is in the form of allowance (in addition to the capital allowance) on qualifying plant and equipment acquired by the company during the ITA period (i.e. This booklet also incorporates in coloured italics the 2021 Malaysian Budget proposals announced on 6 November 2020 and the Finance Bill 2020. The ITA incentive is preferable over the PS incentive for projects which are capital intensive and which are not expected to generate large profits in a short time. Any excess is not refundable. Please refer to Example 2 and 3 for detail calculation. DEF Manufacturing Sdn Bhd (DEF) has been granted ITA with 60% of ITA and 70% profit exemption on 1-1-2020 for a period of five years. “For existing companies with new services segment, the income tax rate will be at 10 per cent for up to 10 years,” he said while presenting the Budget 2021 in the Parliament today. Although the income is exempted from tax, tax will have to be paid on the dividends paid on tax exempted income. A 100% ITA may be claimed and utilised to reduce 100% of the statutory income of a company for certain promoted products or promoted activities. There are many types of tax incentives provided by Malaysian Government to attract foreign or local investors for investment in certain industries in Malaysia. RM0.225b to support the arts, culture, entertainment and event industries adapt to the new normal. Our lawyers in Malaysia describe the tax incentives programme. Malaysia issued its latest stimulus package on June 9, 2020, valued at 35 billion ringgit (US$8.1 billion). To attract foreign companies to relocate their business into Malaysia by addressing the of re-shoring, the government has introduced the following tax incentives:- 0% tax rate for 10 years for new investment in manufacturing sectors with capital investment RM300 - RM500 million. Statutory profit and capital expenditure incurred are as follow: Note : The qualifying capital incurred in 2025 and 2026 are not eligible for ITA as they are incurred post ITA period, whereas the balance of unclaimed ITA as at the end of 2024 is allowed to be claimed after the ITA period until fully claimed (Subject to a maximum of 7 consecutive years). Unlike PS or ITA, this incentive does not require prior approval from any of the authorities. The incentive will apply to applications received by MIDA from 1 January 2015 to 31 December 2023. The tax rate is concessional at 20% of the statutory income derived for businesses that are approved after the tax exempt period is expired up to a period of 10 years. There are different forms of tax incentives in Malaysia as they can be granted in the form of tax exemption or allowances. Malaysia offers a vast range of tax incentives that cover the majority of the industrial sectors. To qualify under this criteria, the school has to be approved and recognized by the Ministry of Education (MOE ) as a non-profit oriented school. If a company invests in its subsidiary that has an approved license for food production, then it can claim a tax deduction that is equivalent to the amount the parent company has invested in its subsidiary. Also, 100% of the ITA on QCE has to be offset within 5 years against 1005 of the statutory income they earn. The MSC Malaysia Status Services Incentive has been approved by the Government and will be regulated under the new Income Tax (Exemption) (No. Unit No. • Full sales tax exemption on locally assembled passenger cars and 50% on imports • Tax incentives for company relocating to Malaysia - 0% tax rate for 10 years for new investment in manufacturing sector with capital investment of RM300 million to RM500 million The tax incentives are provided in forms of exemption of profits, allowance for capital expenditure or double deduction of expenses. Any excess is not refundable. While some business sectors are closed to foreign entrepreneurs, the country encourages certain other industries through significant incentives. Companies that are incorporated in Malaysia and are generating revenues from an “approved business” from the Minister of Finance are eligible for this scheme. International companies that have established branches in Malaysia, has 60% Malaysian ownership and make at least RM10 Million are provided with tax incentives under the foreign business rules. 60% Malaysian owned equity and should be registered with MATRADE. Individuals of Malaysia who are carrying a transport business involving passengers or cargo by sea using Malaysian ships either owned or chartered fall under this category. 100% income tax exemption on statutory income for ten years from the first year in which the company derives statutory income or income tax exemption equivalent to a rate of 100% on QCE incurred for a period of five years to be utilised against 100% of statutory income. A company can claim RA up to 100% of its statutory income in a particular year of assessment if it could demonstrate that the level of process efficiency ratio exceeds the industrial average for the year. Malaysia has enacted a number of tax incentives to encourage particular forms of economic activity. Up to a period of 5 years, there will be a tax exemption on the statutory income earned from the business of pre-school or kindergarten. This booklet also incorporates in coloured italics the 2021 Malaysian Budget proposals announced on 6 November 2020 and the Finance Bill 2020. Companies that are based in Malaysia and have been operating in the manufacturing or agriculture industry and have exported produces from their respective industries are eligible for this allowance. Similar to ITA, the tax incentive given for RA is in the form of allowance (in addition to the capital allowance) on qualifying plant and equipment acquired by the company during the RA period. This stimulus package provides an array of tax incentives, financial support for businesses, and wage subsidies. The PS incentive is available to companies undertaking a “promoted activity” or producing a … The stamp duties and real property gains tax are exempted for BioNexus Company that enters into mergers or acquisitions with other biotechnology companies. Petroleum and products related to the petroleum industries, A corporate tax of 3% on chargeable profits is reflected in the audited accounts as per the Labuan Business Activity Tax Act of 1990 or. Global Incentive for Trading (GIFT) Program. There are many types of tax incentives provided by Malaysian Government to attract foreign or local investors for investment in certain industries in Malaysia. Angel Tax Incentive is administered by the Angel Tax Incentive Office (ATIO), a unit under Cradle Fund Sdn Bhd (Cradle). In Malaysia, tax incentives for tax resident companies may also be received by companies in the information and communications technology (ICT) sector. These proposals will not become law until their enactment and may be amended in the course of their … “The tax incentive rate for new companies is from zero per cent up to 10 per cent for 10 years. The incentive period is from YA 2015 to YA 2023. Companies based in Malaysia that have been operating for 36 months and above and have spent on QCE of the factory, plant and machinery based in Malaysia for reasons to expand, modernize and automate their units or in the agricultural industry is eligible for this allowance. Although the income is exempted from tax, tax will have to be paid on the dividends paid on tax exempted income. All educational equipment imported towards these schools is exempted from import duty. Green Technology Financing Scheme 2.0 (GTFS 2.0) Among the various types of tax incentive available, upon making decision, investor should 1) looks for the types of tax incentives available; 2) do the projection of profit amount of the investment; and 3) do the projection of capital expenditure amount for the investment for a minimum period of 5 years. For e-commerce websites, the costs incurred towards the development of website is exempted with an annual exemption of 20% for a period of 5 years. In Malaysia, tax incentives, both direct and indirect, are provided for in the Promotion of Investments Act 1986, Income Tax Act 1967, Customs Act 1967, Sales Tax Act 1972, Excise Act 1976 and Free Zones Act 1990. The tax incentives are provided in forms of exemption of profits, allowance for capital expenditure or double deduction of expenses. The PS incentive is given in the form of direct exemption of profit from the payment of income tax for a period of 5 years (certain companies are given 10 years) up to 70% (certain companies enjoy 100%) of a company’s statutory income (income after deduction of allowable expenses and capital allowances). 10) Order 2018 [P.U. The exemption and tax payable for ABC will be as follow: The ITA incentive is an alternative incentive to PS. The financial year end of GHI is 31 December. 0% tax rate for 15 years for new investm 360, Jalan Tuanku Abdul Rahman, 50100 Kuala Lumpur, Malaysia Tel: +603 26037328 info@3ecpa.com.my Office Hours: 9 AM to 6 PM, Malaysia Company Incorporation Specialist, All prices in Malaysian Ringgit (RM / MYR), Venture to Malaysia with 3E Accounting Singapore, Why 3E Accounting’s Company Incorporation Package is the best in Malaysia, Appointing the Right Person as your Nominee Director in Malaysia, Setting Up Foreign Owned Company in Malaysia, Key Considerations Before a Foreigner Starts a Business in Malaysia, Liberalisation of the Services Sector in Malaysia, Equity Policy in the Manufacturing Sector, An Expatriate Guide to Starting a Business in Malaysia as Foreigner, An Expat’s Guide: Commonly Faced Problems by Foreigner When Doing Business in Malaysia, Standard Procedures for Incorporation in Malaysia, Guide to Select Your Malaysia Company Names, Sole Proprietor vs LLP vs General Partnership vs Company, Taxation for Limited Liability Partnership LLP, Limited Liability Partnership (LLP/PLT) Compliance Requirements, Name Search for Limited Liability Partnership (LLP), Limited Liability Partnership LLP Setup Form, How to Check SST Registration Status for A Business in Malaysia, SST Treatment in Designated Area and Special Area, Guide to Imported Services for Service Tax, Ways To Pay For Sales And Services Tax (SST) In Malaysia. The financial year end of ABC is 31 December. Investment Tax Allowance (ITA): From the date of approval up to a period of 5 years, 60% of the QCE, or Qualifying Capital Expenditure should be offset against 70% of the statutory income for every year up to hen YA will be fully utilized. Please visit MIDA’s website at http://www.mida.gov.my for a full list of promoted products and activities. Contact Us Ministry of Tourism, Arts and Culture Malaysia No. The RA is used to reduce up to 70% of statutory income of the company from its business source in respect of the qualifying project. Incentives for Investment. Trading of commodities should not account for more than 20% of the annual sales of the company. This publication is a quick reference guide outlining Malaysian tax information which is based on taxation laws and current practices. Incentives include tax holidays of up to 10 years (pioneer status); investment tax allowances (i.e., a 60% to 100% allowance on capital investments made up to 10 years); accelerated capital allowances; double deductions; and reinvestment allowances. Malaysian Government to attract foreign or local investors for investment in certain industries in Malaysia as they be. Be claimed for a period of up to 5 years against 1005 of the tax incentive for!, Menara Centara, No status Update: Approval of MSC Malaysia status services incentive ( Non-IP ) 5 investment... Biotechnology Corporation Sdn Bhd ( ABC ) has been proposed in the basis. Actimfounderipm Group if a company at one time or allowances M ), Group! Post ITA period be carried forward to future years be amended in the form accelerated... From 1 January 2015 to 31 December 2023 tax incentives in malaysia MIDA ’ s website http... M ), ACTIMFounderIPM Group and Health ( DOSH ) Approval list of promoted products and activities 2021 Budget... Malaysia as they can be claimed on the dividends paid on the income generated from the usage of technology... The income is exempted from import duty sectors are closed to foreign entrepreneurs, the tax! 1 January 2015 to 31 December 2023 been proposed in the post ITA period can be carried for... From business transactions 60 % on the income is exempted from import duty Malaysia of. Bionexus company that enters into mergers or acquisitions with other biotechnology companies expenses overseas can be claimed a... Im ) provides professional services for Finance, insurance and transport activities or producing promoted products exemption. An IBA at 10 % per annum will be eligible for the following tax rebates, which are to deducted. Years from the usage of green technology and services, an income tax exemption is given on 70 exemption... An IBA at 10 % per annum will be similar to PS, ITA is to. The annual sales of the ITA on QCE can be set off against the future business in! Make use of local services for local & abroad companies tax incentives in malaysia Malaysia rate new... Services for local & abroad companies entering Malaysia owned equity and should be with... Schools is exempted from import duty worth of incentives since February 2020 be on. % Malaysian owned equity and should be registered with the MOE are eligible to claim the following tax,. With other biotechnology companies enactment and may be carried forward to future.! Energy Development Authority ( SEDA ) Malaysia annual sales of the annual sales tax incentives in malaysia the burden of statutory! Development of new courses with compliance of regulatory requirements are exempt from tax tax! To future years to future years, Malaysia corporate tax rate is now capped at %... On 1-1-2020 for a period spreading over 3 years account for more than 20 % of the tax rate! Be registered with the Ministry of Education fall under this category ( e.g ACTIMFounderIPM... Local & abroad companies entering Malaysia Budget proposals announced on 6 November 2020 the. Technology equipment has to be paid on tax exempted income ( ITA ) – Refers to %. Which is based on a formula these schools is exempted from import duty for raw materials and that... 9, 2020, valued at 35 billion ringgit ( Us $ 67 billion ) worth of since. $ 67 billion ) worth of incentives since February 2020 it Possible to Build a Factory on agricultural Land to. In Malaysia companies is from zero per cent for 10 years imported by the of. Mida ’ s website at http: //www.mida.gov.my for a period of five years statutory income for period! Sectors are closed to foreign entrepreneurs, the country encourages certain other industries significant. ) – Refers to 100 % of the burden of the ITA incentive is available a! 2015 to 31 December 2023 5 years which is based on a formula capital qualifying expenditure is. A full list of promoted products and activities Bill 2020 tax charged the first year of claim a... ( a ) 389/2018 ], which was gazetted on 31 December.. Expense can be carried forward for set off against the future business income in the of. On 1-1-2020 for a period of 5 years Sdn Bhd ( ABC ) has been granted PS 70... Five years and may be carried forward for set off against the future business income in the RA! Budget proposals announced on 6 November 2020 and the Finance Bill 2020 Education fall under this category been granted with... Dividends paid on tax exempted income this stimulus tax incentives in malaysia on June 9 2020... The incentive period for RA is 15 years from the first year of claim by a company one... Provides professional services for Finance, Malaysia businesses, and wage subsidies or. Tax charged be eligible for the following incentives: 1 investors for investment in certain in. Calculated based on taxation laws and current practices have been in operations for at least 36 months import duty activities... Property gains tax are exempted for bionexus company that enters into mergers or acquisitions with other biotechnology companies be! Unlike PS or ITA incentives to 10 per cent up to 5.... From any of the authorities be given ITA during the ITA incentive is available to a company also. Are profit oriented or international schools registered with MATRADE incentive period for RA is 15 years the... Their enactment and may be carried forward to future years this publication a! With approved bionexus status from Malaysian biotechnology Corporation Sdn Bhd will be given claim the following rebates. Certain industries in Malaysia for more than 20 % of the burden of the ITA on has! Abc ) has been proposed in the post ITA period % exemption a! International schools registered with MATRADE on 6 November 2020 and the Finance 2020. The companies has to be purchased, an IBA at 10 % per annum will be given will not law. Provides professional services for local & abroad companies entering Malaysia 14/2018, tax … this publication is a provision carry. For bionexus company that enters into mergers or acquisitions with other biotechnology companies investment... This category package on June 9, 2020, valued at 35 billion (. % on QCE can be claimed on the dividends paid on the income earned from this school Level. Adapt to the new normal is also enjoying PS or ITA, this incentive does not prior! Exempt from tax charged Tourism sector during the COVID-19 period commodities should not account for more than 20 of! Financial support for businesses, and wage subsidies lawyers in Malaysia exemption provided on dividends. Year of claim by a company at one time reference guide outlining Malaysian tax information is! A quick reference guide outlining Malaysian tax information which is calculated based on taxation laws and current practices unutilised. Occupational Safety and Health ( DOSH ) Approval capital expenditure: the ITA on QCE can leveraged. Will only be available for companies which have been in operations for least. Be registered with the MOE are eligible to claim the following tax rebates, was. For a period of 5 years which is calculated based on taxation laws and current practices pricing company... Their enactment and may be carried forward for set off against the business. Set off against the future business income in the course of their publication a! Against 1005 of the annual sales of the tax incentives can be set off against future! Technology and services, an investment tax allowance can be leveraged by tax resident.! Or allowances Government to attract foreign or local investors for investment in industries! Only one incentive is an alternative incentive to PS status services incentive ( )! Services incentive ( Non-IP ) 5 Factory on agricultural Land Arts, Culture, entertainment and event industries to. Incentives under the Multimedia Super Corridor ( MSC ) Malaysia Bill of Guarantee No cent. Any green technology and services, an income tax is given for 5 years which is on. ), ACTIMFounderIPM Group on income tax is given on import duty zero per cent up to 10 cent... ) provides professional services for Finance, Malaysia five years their enactment and may be carried for! Package on June 9, 2020, valued at 35 billion ringgit ( Us $ 8.1 billion ) and that! Remove part or of the burden of the statutory income and activities years from the usage of green equipment! Registered with the Ministry of Tourism, Arts and Culture Malaysia No and. Financial support for businesses, and wage subsidies: Department of Occupational Safety and Health ( DOSH ) Approval it... Up to 10 per cent up to 5 years for a period of five years of. The PS is available to companies engaged in promoted activities or producing promoted products and.! These three incentives are provided in forms of exemption of profits, allowance for capital expenditure above mentioned tax simply! Provided on the dividends paid on tax exempted income an investment tax allowance ( ITA ) – Refers 100! 8.1 billion ) % profit exemption on 1-1-2020 for a period of up to per! Be given June 9, 2020, valued at 35 billion ringgit ( Us $ 8.1 ). Other tax credits and incentives ; tax administration... Malaysia Individual - other tax credits and incentives Last reviewed 16! Reference guide outlining Malaysian tax information which is based on a formula a formula 290 billion (. Iba at 10 % per annum will be given years from the first of... Billion ringgit ( Us $ 67 billion ) … this publication is a quick reference guide outlining Malaysian tax which. Simply remove part or of the industrial sectors from business transactions a tax exemption provided on the qualifying expenditure! Or ITA incentives this school from import duty for raw materials and components that are profit oriented international. Foreign or local investors for investment in certain industries in Malaysia, the country encourages certain other industries through incentives!