Page 143 - Official Year Book 2020
P. 143
OND GOAL :
BUSINESS CONTINUITY
STRATEGY 1 : Driving Investments
Measure 1 : Investment in and extend the incentive until OFFICIAL YEAR BOOK 202 1390
Key Sectors 31 December 2022
RM1 billion allocation as a special ▶ New tax incentive for
incentive package for high the establishment of
value-added technology Global Trading Centre at a
▶ To support R&D investment concessionary rate of 10%
for a period of 5 years and
in aerospace as well as renewable for a period of
electronic clusters in Batu another 5 years
Kawan, Penang and Kulim,
Kedah industrial parks ▶ Increase limit on the sales value
forvalue-added and additional
A High Technology Fund worth activities carried out in the Free
RM500 million is provided by Bank Industrial Zone and Licensed
Negara Malaysia (BNM) to support Manufacturing Warehouse to
high technology and innovative 40% from 10% from the total
companies annual sales value
▶ Enable Malaysia to remain
▶ Extend the special income
competitive in the global supply tax treatment at a flat rate of
chain 15% for a period of 5 years to
▶ Sustain the supply chain non-resident individuals holding
ecosystem and protect high key positions for strategic new
skilled jobs investment by companies
relocating their operations to
Make Malaysia as a destination Malaysia
for high-value service activities
▶ Relaxation of tax incentive Extension of special tax rates
to selected manufacturing
conditions for Principal Hub companies which relocated their
businesses to Malaysia until 31
December 2022
▶ Scope of tax incentives is
extended to companies in the
selected services sector
▶ Make new investments by
providing an income tax rate of
0to10% for a periodof10years
BUSINESS CONTINUITY
STRATEGY 1 : Driving Investments
Measure 1 : Investment in and extend the incentive until OFFICIAL YEAR BOOK 202 1390
Key Sectors 31 December 2022
RM1 billion allocation as a special ▶ New tax incentive for
incentive package for high the establishment of
value-added technology Global Trading Centre at a
▶ To support R&D investment concessionary rate of 10%
for a period of 5 years and
in aerospace as well as renewable for a period of
electronic clusters in Batu another 5 years
Kawan, Penang and Kulim,
Kedah industrial parks ▶ Increase limit on the sales value
forvalue-added and additional
A High Technology Fund worth activities carried out in the Free
RM500 million is provided by Bank Industrial Zone and Licensed
Negara Malaysia (BNM) to support Manufacturing Warehouse to
high technology and innovative 40% from 10% from the total
companies annual sales value
▶ Enable Malaysia to remain
▶ Extend the special income
competitive in the global supply tax treatment at a flat rate of
chain 15% for a period of 5 years to
▶ Sustain the supply chain non-resident individuals holding
ecosystem and protect high key positions for strategic new
skilled jobs investment by companies
relocating their operations to
Make Malaysia as a destination Malaysia
for high-value service activities
▶ Relaxation of tax incentive Extension of special tax rates
to selected manufacturing
conditions for Principal Hub companies which relocated their
businesses to Malaysia until 31
December 2022
▶ Scope of tax incentives is
extended to companies in the
selected services sector
▶ Make new investments by
providing an income tax rate of
0to10% for a periodof10years
