Knowledge & ICT

KNOWLEDGE,  EDUCATION AND ICT DEVELOPMENT Information, communication and technology development and services
Types of Incentives
  Establishment of universities and colleges, skills training institute, training and service centre and research and development institutions.

  • Customised incentives based on merit of each case, or
  • Income tax exemption of 100% for 10 years commencing from the year company derives statutory income, or
  • Income tax exemption equivalent to 100% of qualifying capital expenditure (Investment tax allowance) for 5 years
  • Stamp duty exemption on land or building acquired for development
  • Withholding tax exemption on royalty and technical fees up to 31 December 2020

Application to be submitted to ECERDC on or before 31 December 2020.

  • Import duty and sales tax exemption on machinery, equipment, and consumables that are not produced locally and used directly in the activity.