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on 15 July 2023- Dialogue between MOF, LHDNM, and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable.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 […]
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on 15 July 2023- Dialogue between MOF, LHDNM, and CTIM [21/6/2023] Update: The Ismail Sabri Government Budget is no longer applicable.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 […]
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Update: The Ismail Sabri Government Budget is no longer applicable.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 […]
Application For Sales Tax Exemption Certificate Under Item 65, Schedule A of the Exemption Order
The announcement from the Royal Malaysian Customs Department (RMCD) on 20 December 2022 pertains to the Application for Sales Tax Exemption Certificate under Item 65, Schedule A of the Sales Tax (Persons Exempted From Payment Of Tax) Order 2018. On 20 December 2022, the Royal Malaysian Customs Department (RMCD) released an announcement regarding the Application […]
Income Tax (Relocation of Provision of Services Business Incentive Scheme) Rules 2022
We want to inform you that the Minister has exercised the powers conferred by paragraph 154(1)(b), read together with subsection 6(1A) of, and paragraph 2 of Part XVII of Schedule 1 to, the Income Tax Act 1967 [Act 53] and issued the Income Tax (Relocation of Provision of Services Business Incentive Scheme) Rules 2022 [P.U. […]
Extension of Tax Incentive for Principal Hub 3.0
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023; for more info, please visit – https://www.ccs-co.com/post/budget-2023-malaysia-madani. This tax incentive included in Budget 2023, tabled in Parliament on 7 October 2022, was not included in Budget 2023 (Re-tabled) on 24 February 2023. MOF’s response: […]
Extension of Tax Incentive for Intellectual Property Development
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia’s national budget for 2023 was re-tabled again in February 2023; for more info, please visit – https://www.ccs-co.com/post/budget-2023-malaysia-madani. This tax incentive included in Budget 2023, tabled in Parliament on 7 October 2022, was not included in Budget 2023 (Re-tabled) on 24 February 2023. Response from […]
Green Investment Tax Allowance (GITA) & Green Income Tax Exemption (GITE)
Updated on 15 July 2023 – Dialogue between MOF， LHDNM， and CTIM [21/6/2023] Malaysia’s national budget for 2023 was re-tabled again in February 2023; for more info, please visit – https://www.ccs-co.com/post/budget-2023-malaysia-madani. The Ismail Sabri Government Budget is no longer applicable. Therefore, these tax incentives included in Budget 2023, tabled in Parliament on 7 October 2022, […]
Income Tax (The Principal Hub Incentive Scheme) Rules 2022
Principal hub incentive 3.0 It was announced in the Budget 2021 that the deadline for submitting applications for the principal hub incentive will be deferred by an additional two years, to the 31st of December in 2022. The submission deadline had previously been open until the 31st of December 2020. In addition, in connection with […]
Income Tax (Deduction for Invt. in a Project of Commercialisation of R&D Findings) Rules 2022
1. On 6 January 2022, the Minister, in the exercise of the powers conferred by paragraph 154(1)(b) read together with paragraph 33(1)(d) of the Income Tax Act 1967 [Act 53], gazetted the Income Tax (Deduction for Investment in a Project of Commercialisation of Research and Development Findings) Rules 2022 [P.U. (A) 3] 2. These Rules […]
