Tax exemptions for foreign investors in Malaysia

Tax exemptions for foreign investors in Malaysia

No.

Name of Incentive

Ministry

Agency

Sector

1.

BioNexus Status & Tax Incentives (BNX)

(For companies undertaking biotechnology activities)

MAFI – Ministry of Agriculture and Food Industries

Bioeconomy – Malaysian Bioeconomy Development Corporation Sdn Bhd

Manufacturing Services

2.

Multimedia Super Corridor (MSC) Status – Services

(For companies with MSC status)

MCM – Ministry of Communications and Multimedia

MDEC – Malaysia Digital Economy Corporation (MDEC) Sdn. Bhd.

Services

3.

Halal Logistics Operator

(For companies acting as Halal Logistic Operators)

MITI – Ministry of International Trade and Industry

HDC – Halal Development Corporation

Services

4.

(For companies with HALMAS status)

MITI – Ministry of International Trade and Industry

HDC – Halal Development Corporation

Services

5.

Incentive for Automation Capital Allowance

(For companies wishing to automate their business, applicable to both manufacturing and services sectors)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing Services

6.

Incentive for In-house Research And Development (R&D)

(For companies carrying out R&D within the company in Malaysia for the purpose of its own business)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing Services

7.

Incentive for Reinvestment for Food Processing

(For companies reinvesting in food processing activities)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

8.

Incentives For Companies Providing Cold Chain Facilities

(For companies providing cold chain facilities and services for perishable agricultural products)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

9.

(For companies manufacturing and providing aero-related services, available for new and existing companies)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

10.

Incentive for Reinvestment in Resource-Based Industries

(For companies in rubber, oil palm and wood-based industries)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

11.

Incentive for Production of Halal Food Products

(For companies producing Halal food products)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

12.

Incentive for Utilisation of Oil Palm Biomass to Produce Value Added Products

(For companies using oil palm biomass to produce value-added products such as bio-based chemicals, biofuel, particle board, medium density fibreboard, plywood and pulp & paper)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

13.

Incentive for Research And Development (R&D) Company

(For companies providing R&D services to its related companies or any other company)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

14.

Contract Research And Development (R&D)

(For companies providing R&D services under contract to its related companies or any other company)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

15.

Incentives for Selected Industries

(For companies producing a list of approved machinery and equipment)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

16.

Incentive for Research And Development (R&D) (Reinvestment)

(For existing companies that are carrying out R&D services for themselves, its related companies or any other company)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

17.

Incentive for Technical or Vocational Training Centre

(For new and existing companies providing technical or vocational training for the manufacturing sector)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

18.

Incentive for Hotel (New Investment)

(For companies making investments in 1 to 3 star hotels and tourism projects)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

19.

(For companies making investments in tourism projects)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

20.

Incentive for Mines Wellness City (MWC)

(For all companies involved in Mines Wellness City)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

21.

Incentive for Tourism Projects (Reinvestment)

(For companies reinvesting in the expansion and modernisation of tourism projects)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

22.

Integrated Logistic Services (ILS)

(For companies providing integrated logistics services)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

23.

Incentive for Hotel Projects (Reinvestment)

(For companies reinvesting in the expansion and modernisation in 1 to 5 star hotels)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

24.

(For private education institutions providing approved science courses)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

25.

Incentives for Industrialised Building System Components

(For new companies providing Industrialised building system components)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

26.

(For new and existing companies using green technology services and systems – high incentives are provided)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

27.

Incentive for the Private Healthcare Facilities

(For companies establishing new private healthcare facilities or existing private healthcare facilities undertaking expansion/modernisation/refurbishment for purposes of promoting healthcare travel)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

28.

(For new and existing companies owning rights of the qualifying intellectual properties)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Primary Manufacturing Services

29.

Global Trading Centre (GTC)

(For new and existing companies that use Malaysia as its international trading base for undertaking strategic sourcing, procurement and distribution of raw materials, components and finished products to its related and unrelated companies in Malaysia and abroad – high incentives provided)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

30.

Principal Hub 3.0

(For companies using Malaysia as a base for conducting its regional or global businesses and operations to manage, control, and support its key functions including management of risks, decision making, strategic business activities, finance, management and human resource – high incentives are provided)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Services

31.

Incentive for Manufacturers of Pharmaceutical Products Including Vaccines

(For companies manufacturing pharmaceutical products)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

32.

Special Tax Incentives Under the National Economic Recovery Plan (PENJANA)

(For new and existing companies undertaking approved manufacturing activities)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

33.

Incentives for Small Scale Companies

(For small scale companies undertaking approved activities)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Primary Manufacturing

34.

Incentives for High Technology Projects

(For new companies undertaking promoted activities in the Hi-Tech list)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing

35.

Incentives for General Investments

(For new companies providing activities under the General list)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Primary Manufacturing Services

36.

(For new and existing companies in the shipbuilding and ship-repairing industry)

MITI – Ministry of International Trade and Industry

MIDA – Malaysian Investment Development Authority

Manufacturing Services

37.

(For investors investing in new start-ups in Malaysia)

MOF – Ministry of Finance Malaysia

CRADLE – Cradle Fund Sdn Bhd

Manufacturing Services

38.

Annual Certification For Tax Incentive For The Islamic Fund Management Industry

(For companies providing Islamic fund management services)

MOF – Ministry of Finance Malaysia

SC – Securities Commission Malaysia

Services

39.

Venture Capital Tax Incentives

(For companies providing services in the venture capital industry)

MOF – Ministry of Finance Malaysia

SC – Securities Commission Malaysia

Services

40.

(For companies that are the first company in undertaking approved activities in the East Coast Economic Region)

PMD – Prime Minister’s Department

ECERDC – East Coast Economic Region Development Council

Services

41.

ECERDC Talent Enhancement Programme (ETEP)

(For companies operating or intending to operate in East Coast Economic Region)

PMD – Prime Minister’s Department

ECERDC – East Coast Economic Region Development Council

Primary Manufacturing Services

42.

(For companies that are the first company in undertaking approved activities in the East Coast Economic Region)

PMD – Prime Minister’s Department

ECERDC – East Coast Economic Region Development Council

Manufacturing Services

43.

ECERDC Incentives for Tourism

(For companies that are the first company in undertaking approved activities in the East Coast Economic Region)

PMD – Prime Minister’s Department

ECERDC – East Coast Economic Region Development Council

Services

44.

ECERDC Incentives for Industrial Parks / Free Zone Development

(For companies that are the first company in undertaking approved activities in the East Coast Economic Region)

PMD – Prime Minister’s Department

ECERDC – East Coast Economic Region Development Council

Services

45.

(For companies that are the first company in undertaking approved activities in the East Coast Economic Region)

PMD – Prime Minister’s Department

ECERDC – East Coast Economic Region Development Council

Manufacturing

46.

ECERDC Incentives for Agriculture & Agriculture-related Services

(For companies that are the first company in undertaking approved activities in the East Coast Economic Region)

PMD – Prime Minister’s Department

ECERDC – East Coast Economic Region Development Council

Primary

47.

(For companies providing management, supervisory, or marketing services at Medini)

PMD – Prime Minister’s Department

IRDA – Iskandar Regional Development Authority

Services

48.

(For companies renting or selling a building or part/unit of a building at Medini)

PMD – Prime Minister’s Department

IRDA – Iskandar Regional Development Authority

Services

49.

(For companies providing creative services at Medini/Iskandar studios)

PMD – Prime Minister’s Department

IRDA – Iskandar Regional Development Authority

Services

50.

Medini Incentive Support Package (ISP) – IDR Status Company

(For companies providing approved services at Medini/Iskandar studios)

PMD – Prime Minister’s Department

IRDA – Iskandar Regional Development Authority

Services

51.

NCER Incentives for Manufacturing

(For companies providing manufacturing services in the Northern Corridor Economic Region)

PMD – Prime Minister’s Department

NCIA – Northern Corridor Implementation Authority

Manufacturing

52.

NCER Incentives for R&D Activities

(For companies providing R&D services in the Northern Corridor Economic Region)

PMD – Prime Minister’s Department

NCIA – Northern Corridor Implementation Authority

Services

53.

(For companies providing agricultural and bio-industries services in the Northern Corridor Economic Region)

PMD – Prime Minister’s Department

NCIA – Northern Corridor Implementation Authority

Primary Manufacturing Services

54.

(For companies providing tourism services in the Northern Corridor Economic Region)

PMD – Prime Minister’s Department

NCIA – Northern Corridor Implementation Authority

Services

55.

NCER Incentives for Logistics

(For companies providing logistics services in the Northern Corridor Economic Region)

PMD – Prime Minister’s Department

NCIA – Northern Corridor Implementation Authority

Services

56.

NCER Incentives for Education

(For companies providing educational services in the Northern Corridor Economic Region)

PMD – Prime Minister’s Department

NCIA – Northern Corridor Implementation Authority

Services

57.

NCER Incentives for Kedah Science & Technology Park (KSTP)

(For companies undertaking a qualifying project or activity in the Northern Corridor Economic Region)

PMD – Prime Minister’s Department

NCIA – Northern Corridor Implementation Authority

Manufacturing Services

58.

NCER Incentives for Chuping Valley Industrial Area (CVIA)

(For companies undertaking a qualifying project or activity in the Northern Corridor Economic Region)

PMD – Prime Minister’s Department

NCIA – Northern Corridor Implementation Authority

Manufacturing Services

59.

NCER Incentives for Kedah Rubber City (KRC)

(For companies undertaking a qualifying project or activity in the Northern Corridor Economic Region)

PMD – Prime Minister’s Department

NCIA – Northern Corridor Implementation Authority

Manufacturing Services

60.

SDC Incentives in Integrated Livestock Valley (ILV), Keningau

(For companies undertaking a qualifying project or activity in the designated area)

PMD – Prime Minister’s Department

SEDIA – Sabah Economic Development and Investment Authority

Manufacturing

61.

SDC Incentives in Marine Integrated Cluster (MIC) – Semporna, Lahad Datu, Kunak & Tawau

(For companies undertaking a qualifying project or activity in the designated area)

PMD – Prime Minister’s Department

SEDIA – Sabah Economic Development and Investment Authority

Manufacturing

62.

SDC Incentives in Kinabalu Gold Coast Enclave (KGCE) – Tuaran, Kota Belud, Kota Marudu & Kudat

(For companies undertaking a qualifying project or activity in the designated area)

PMD – Prime Minister’s Department

SEDIA – Sabah Economic Development and Investment Authority

Services

63.

SDC Incentives in Palm Oil Industry Cluster (POIC) – Lahad Datu & Sandakan

(For companies undertaking a qualifying project or activity in the designated area)

PMD – Prime Minister’s Department

SEDIA – Sabah Economic Development and Investment Authority

Manufacturing

64.

SDC Incentives in Sabah Agro-Industrial Precinct (SAIP) – Kimanis & Papar

(For companies undertaking a qualifying project or activity in the designated area)

PMD – Prime Minister’s Department

SEDIA – Sabah Economic Development and Investment Authority

Manufacturing

65.

SDC Incentives in Sabah Oil & Gas Industrial Park (SOGIP) – Sipitang

(For companies undertaking a qualifying project or activity in the designated area)

PMD – Prime Minister’s Department

SEDIA – Sabah Economic Development and Investment Authority

Manufacturing

66.

SDC Incentives in Sepangar Bay Manufacturing & Logistic Cluster – Sepangar

(For companies undertaking a qualifying project or activity in the designated area)

PMD – Prime Minister’s Department

SEDIA – Sabah Economic Development and Investment Authority

Manufacturing

67.

(For companies undertaking a qualifying project or activity in the designated area)

PMD – Prime Minister’s Department

SEDIA – Sabah Economic Development and Investment Authority

Services

Artikel sebelum iniNew IC system to better regulate foreign workers, says HR minister
Artikel seterusnyaAlliance Bank appoints Kellee Kam as group CEO