Malaysia Pioneer Status for Approved Service Projects

Malaysian Pioneer Status-Approved Service Projects

Under the Promotion of Investments Act 1986, pioneer status can be accorded to industries including Approved Service Projects (ASPs) or projects in the transportation, communications and utilities sub-sectors approved by the Minister of Finance:-

* Additional incentives for ASPS with exemption from Import Duty, Sales Tax and Excise Duty on Raw Materials, Components, Machinery, Equipment, Spares and Consumables

* Both Pioneer Status and Investment Tax Allowance may be granted.