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#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
The major tax incentives for
companies investing in the
manufacturing sector are the
Pioneer Status (PS) and โ€ฆ
#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
The major tax incentives for
companies investing in the
manufacturing sector are the
Investment Tax Allowance
(ITA).
#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
Eligibility for PS and ITA is
based on certain priorities,
including the level of value-
added, technology used and
industrial linkages
#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
Eligible activities and products
are termed as โ€œpromoted
activitiesโ€ or โ€œpromoted
productsโ€
#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
A company granted ITA is entitled
to an allowance of 60% on its
qualifying capital expenditure
(factory, plant, machinery or other
equipment used for the approved
project)
#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
The company can offset this
allowance against 70% of its
statutory income for each year
of assessment.
#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
Any unutilised allowance can
be carried forward to
subsequent years until fully
utilised.
#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
The remaining 30% of its
statutory income will be taxed
at the prevailing company tax
rate.
#AskKtpTax
#AskThkSec
09/06/22
Tax Incentives For
The Manufacturing Sector
Applications should be submitted
to MIDA.

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