Wednesday, October 6, 2010
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This is the latest information letting you know, Attractive Incentives .To encourage continued investments in the automotive industry.
offers attractive tax incentives to automobile and component manufacturers. Malaysia
Among the major incentives provided are Pioneer Status with partial/full exemption from the payment of income tax for 5 to 10 years .Investment Tax Allowance of 60% of qualifying capital expenditure incurred within 5 years from the date the first capital expenditure was incurred. Pioneer Status with full tax exemption from payment of income tax for 5 years or investment Tax Allowance of 60% of qualifying capital expenditure incurred within 5v years deducted against 100% of statutory income for the manufacture of automotive component modules .
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