ANNOUNCEMENTS

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ECER Incentive Packages

Tax incentives are provided for in the Malaysian Income Tax Act 1967, which covers investments in the manufacturing, agribusiness, education, tourism (including hotels) and approved services sectors. The direct tax incentives grant partial or total relief from income tax payment for a specified period.

Exclusive incentives are available for targeted economic activities promoted by ECER and development of industrial parks and free trade zones. Below are the specific incentives offered in these sectors.

ECER Incentive Package for Manufacturing Cluster

PROMOTED ACTIVITY INCENTIVE
  • Selected manufactured and agro-based products
  • Selected manufacturing related services
  • Income tax exemption of 70% or 100% for 10 or 15 years commencing from the year company derives statutory income.
  • Investment tax allowance equivalent to 100% of qualifying capital expenditure for 5 years.
  • Stamp duty exemption on land or building acquired for approved project/activity.
  • Application Form

ECER Incentive Package for Tourism Cluster

PROMOTED ACTIVITY INCENTIVE

Tourism

  1. Eco-tourism
  2. Urban-culture heritage
  3. Island tourism
  4. Mainland coastal tourism
  5. Cross border tourism
  6. Integrated resorts
  7. Theme parks or amusement parks
  8. Cultural, conference and exhibition centres
  9. Health tourism
  • Income tax exemption of 70% or 100% for 10 or 15 years commencing from the year company derives statutory income.
  • Investment tax allowance equivalent to 100% of qualifying capital expenditure for 5 years.
  • Stamp duty exemption on land or building acquired for approved project/activity.
  • Deduction for sponsorship of hallmark events
  • Application Form

ECER Incentive Package for Agriculture and Agriculture-Related Services Cluster

PROMOTED ACTIVITY INCENTIVE

Agriculture

  1. Cultivation of kenaf, vegetables, fruits, herbs spices or cocoa
  2. Plantation of crops for energy generation
  3. Planting of hevea brasiliensis
  4. Floriculture including ornamental flowers
  5. Aquaculture
  6. Inland fishing or deep-sea fishing
  7. Rearing of cattles, buffalos, goats, sheeps, ostriches, turkeys or quails
  • Income tax exemption of 70% or 100% for 10 or 15 years commencing from the year company derives statutory income.
  • Investment tax allowance equivalent to 100% of qualifying capital expenditure for 5 years.
  • Stamp duty exemption on land or building acquired for approved project/activity.
  • Application Form

ECER Incentive Package for Knowledge, Education and ICT Development Cluster

PROMOTED ACTIVITY INCENTIVE
  1. Education and training
    • The establishment of universities, colleges, skills training institutes, training centres, services centres or development and research institutions.
  2. Information, communication and technology related services
    • Information, communication and technology related services and development.
  • Income tax exemption of 70% or 100% for 10 or 15 years commencing from the year company derives statutory income.
  • Investment tax allowance equivalent to 100% of qualifying capital expenditure for 5 years.
  • Stamp duty exemption on land or building acquired for approved project/activity.
  • Application Form

ECER Incentive Package for Oil, Gas and Petrochemical Cluster

PROMOTED ACTIVITY INCENTIVE
  1. Selected oil, gas and petrochemical products or activities
  • Income tax exemption of 70% or 100% for 10 or 15 years commencing from the year company derives statutory income.
  • Investment tax allowance equivalent to 100% of qualifying capital expenditure for 5 years.
  • Stamp duty exemption on land or building acquired for approved project/activity.
  • Application Form

ECER Incentive Package for Industrial Parks/Free Zones Development Cluster

PROMOTED ACTIVITY INCENTIVE
  1. Developer
    Development of Industrial Park or Free Zone
  2. Development Manager
    Appointed by Developer to provide management, supervisory or marketing services of Industrial Park or Free Zone
  3. Park Manager
    Provide park management services including maintenance, marketing and rental of common facilities and utilities services in Industrial Park or Free Zone
  • Income tax exemption of 100% for 10 years commencing from the year company derives statutory income.