Oil, Gas & Petrochemical

OIL & GAS & PETROCHEMICAL Selected oil, gas and petrochemical products or activities
Types of Incentives
  • 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;

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.