Page 111 - Malaysia 2016
P. 111
2016 111
Promoting Tourism Sector as planting animal feed crops
such as sweet potato and tapioca
A target of 30.5 mil tourists in 2016, which
is expected to contribute RM103 bn to Strengthening Exports
the economy .
44) 1Malaysia Promotion Programme,
36) Implement online visa applications Services Export Fund & the Export
beginning with 7 countries Promotion Fund under MATRADE –
• China, India, Myanmar, Nepal, Sri RM235 mil
Lanka, US and Canada.
45) Diversify the use of foreign currencies
37) 100% income tax exemption on in trade transactions
statutory income for tour operators • Ringgit-Renminbi credit swap
extended from year of assessment facility for local banks
2016 until 2018
46) Relaxation of conditions for SMEs
Modernising Agriculture Sector to claim income tax exemption
of value of increase in exports for
38) Various high-impact programmes – manufactured products for years of
RM450 mil assessment 2016 to 2018
• Fruit and vegetable cultivation,
matching and research grants for 47) Introduce tax incentive to companies
herbal products as well as fish
cage farming which conduct Independent
39) Upgrade drainage and irrigation Conformity Assesment Body activities
infrastructure in the Integrated
Agricultural Development areas – beginning next year
RM180 mil
• Reduce evaluation services &
40) Price Reduction Programme,
additional 50 farmers’ markets & international standards
establish 150 new Agrobazaar Rakyat
1Malaysia – RM190 mil compliance cost for local products.
SECOND PRIORITY
Increasing Productivity, Innovation And
Green Technology
41) Youth Agropreneur Development Boosting Innovation And
Programme & Agriculture Entrepreneurship
Entrepreneurs Financing Fund – RM70
mil 48) SMEs that incur expenditure on
R&D projects up to RM50,000 will be
42) Rebranding of MARDI, Department eligible for automatic double tax
of Veterinary Services, Department deduction for year of assessment
of Agriculture and the Department 2016 to 2018
of Fisheries & implement the Multiplier
Farm Project to increase rearing of 49) Implement various projects under the
cattle & free-range chicken – RM20 Malaysian Innovation Agency (AIM) –
mil RM100 mil
43) Extend tax incentives for food 50) Technology and Innovation
production activities until 2020
• The scope extended to rearing Acceleration Funding Scheme by
deer, honey bees & stingless honey
bees; cultivation of mushroom, Malaysia Debt Ventures Berhad –
coconut and seaweed; as well
RM200 mil
Promoting Tourism Sector as planting animal feed crops
such as sweet potato and tapioca
A target of 30.5 mil tourists in 2016, which
is expected to contribute RM103 bn to Strengthening Exports
the economy .
44) 1Malaysia Promotion Programme,
36) Implement online visa applications Services Export Fund & the Export
beginning with 7 countries Promotion Fund under MATRADE –
• China, India, Myanmar, Nepal, Sri RM235 mil
Lanka, US and Canada.
45) Diversify the use of foreign currencies
37) 100% income tax exemption on in trade transactions
statutory income for tour operators • Ringgit-Renminbi credit swap
extended from year of assessment facility for local banks
2016 until 2018
46) Relaxation of conditions for SMEs
Modernising Agriculture Sector to claim income tax exemption
of value of increase in exports for
38) Various high-impact programmes – manufactured products for years of
RM450 mil assessment 2016 to 2018
• Fruit and vegetable cultivation,
matching and research grants for 47) Introduce tax incentive to companies
herbal products as well as fish
cage farming which conduct Independent
39) Upgrade drainage and irrigation Conformity Assesment Body activities
infrastructure in the Integrated
Agricultural Development areas – beginning next year
RM180 mil
• Reduce evaluation services &
40) Price Reduction Programme,
additional 50 farmers’ markets & international standards
establish 150 new Agrobazaar Rakyat
1Malaysia – RM190 mil compliance cost for local products.
SECOND PRIORITY
Increasing Productivity, Innovation And
Green Technology
41) Youth Agropreneur Development Boosting Innovation And
Programme & Agriculture Entrepreneurship
Entrepreneurs Financing Fund – RM70
mil 48) SMEs that incur expenditure on
R&D projects up to RM50,000 will be
42) Rebranding of MARDI, Department eligible for automatic double tax
of Veterinary Services, Department deduction for year of assessment
of Agriculture and the Department 2016 to 2018
of Fisheries & implement the Multiplier
Farm Project to increase rearing of 49) Implement various projects under the
cattle & free-range chicken – RM20 Malaysian Innovation Agency (AIM) –
mil RM100 mil
43) Extend tax incentives for food 50) Technology and Innovation
production activities until 2020
• The scope extended to rearing Acceleration Funding Scheme by
deer, honey bees & stingless honey
bees; cultivation of mushroom, Malaysia Debt Ventures Berhad –
coconut and seaweed; as well
RM200 mil
