Review of Tax Incentives for Bionexus Status Company

Updated on 15 July 2023- Dialogue between MOF, LHDNM, and CTIM [21/6/2023] To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position “Bio Nexus Status Company” means a company incorporated under the Companies Act 2016 [Act 777] engaged in the life sciences business. Tax incentives for BioNexus status companies are […]
Tax Incentives for Manufacturer of Electric Vehicle Charging Equipment

Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position Under the National Automotive Policy 2020 and the Low Carbon Mobility Blueprint 2021 – 2030, Malaysia is making significant […]
Automation Capital Allowance for Automation Equipment in Manufacturing, Services & Agriculture

Updated on 15 July 2023- Dialogue between MOF, LHDNM, and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position Automation Capital Allowance (ACA) is a tax […]
Tax Incentives for Carbon Capture and Storage

Updated on 15 July 2023- Dialogue between MOF,LHDNM,and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position Malaysia plans to reach its Low Carbon Nation Aspiration […]
Extension of Individual Income Tax Relief for Child Care Centre or Kindergarten Fees

Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position To alleviate the burden of working parents, effective from the YA 2017, a new paragraph 46(1)(r) of the ITA […]
Tax Incentives for Chicken Rearing in Closed House System

Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position RA was extended to the agricultural sector to encourage local food production and thus increase its supply. In Budget […]
Review of Income Tax Rate for Micro, Small and Medium Enterprises

Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position A Company or Limited Liability Partnership (LLP) that has a paid-up capital of RM2.5 million and below with an […]
Extension of Tax Incentives for the Aerospace Industry

Updated on 15 July 2023- Dialogue between MOF, LHDNM, and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Background to the Aerospace Industry Strategically located at the […]
Import Duties and Sales Tax Exemption on Studio and Filming Production Equipment

Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position Dasar Industri Kreatif Negara has been introduced to empower the creative industries holistically based on creativity and innovation by […]
Excise Duty and Sales Tax Exemption on the Sale or Transfer of Individually owned Taxis & Hired Cars

Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023. To Download Revised Budget 2023 Speech and some other related publications – https://www.ccs-co.com/post/budget-2023-malaysia-madani Current Position In Budget 2012, excise duty and sales tax exemption were given on the sale/transfer/private use/disposal of budget taxis and […]