Malaysia Pioneer Status for Other Related incentives

Malaysian Pioneer Status-Other Related Incentives


Under the Promotion of Investments Act 1986, pioneer status can be accorded to industries including:-


Other entities involving manufacturing, agriculture, aerospace, tourism, environmental management, research and development, training, information and communication technologies, approved Service projects and manufacturing related services may be given:-
1) Industrial Building Allowance
2) Industrial Building Allowance for Buildings in MSC Malaysia
3) Deduction of Audit Fees
4) Tax Incentives for Venture Capital Industry
5) Tax Incentive on Costs of Dismantling and Removing Assets
6) Incentive for Acquiring Proprietary Rights
7) Tax Incentives for Small and Medium Enterprises to Register Patents and Trademarks
8) Tariff Related Incentives like:-
a) Exemption from Import Duty on Raw Materials/Components
b) Exemption from Import Duty and Sales Tax on Spares and Consumables
c) Exemption from Import Duty and Sales Tax for Outsourcing Manufacturing Activities
d) Exemption from Import Duty and Sales Tax for Maintenance, Repair and Overhaul (MRO) Activities
e) Exemption from Import Duty and Sales Tax on Solar Photovoltaic System Equipment
f) Exemption from Import Duty and Sales Tax on Energy Efficiency Equipment
g) Exemption from Import Duty and Excise Duty on Hybrid and Electric Cars
10) Sales Tax Exemption
11) Drawback on Import Duty, Sales Tax and Excise Duty

Also benefiting from incentives includes:-
Incentive for the Use of Environmental Protection Equipment

Donations for Environmental Protection

Incentive for Employees' Accommodation

Incentives for Employees' Child Care Facilities