TaXavvy Issue 26/2024

In this issue:

New Industrial Master Plan 2030: Reinvestment incentive

The Malaysian Investment Development Authority has issued the Guideline and procedures for the application of incentive for reinvestment under the New Industrial Master Plan 2030 dated 30 July 2024.

The reinvestment incentive under the New Industrial Master Plan 2030 (NIMP 2030), in the form of a tiered Investment Tax Allowance, was proposed in Budget 2024. The objective is to encourage existing companies that have exhausted their Reinvestment Allowance incentive period to continue to invest in high-growth and high-value activities under the NIMP 2030. 

TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.

 

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