Review of Tax Incentives for Food Production Project
Update: The Ismail Sabri Government Budget is no longer applicable.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 Certain food production projects, including the planting of vegetables, fruits, kenaf, herbs or spices; the rearing of cows, buffaloes, […]
Income Tax (Deduction for Investment in Approved New Food Production Project) Rules 2022
Provided that applications were received by the Ministry of Agriculture and Agro-Based Industry by the end of 2015, the following food production projects are eligible for specific tax incentives: The following are some of the incentives: The government, realising that it needs to continue to support the development and growth of the agro-food industry, proposed […]
