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#AskKtpTax
#AskThkSec
08/06/22
Tax Incentives For
The Manufacturing Sector
#AskKtpTax
#AskThkSec
08/06/22
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
08/06/22
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
08/06/22
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
08/06/22
Tax Incentives For
The Manufacturing Sector
Eligible activities and products
are termed as โ€œpromoted
activitiesโ€ or โ€œpromoted
productsโ€
#AskKtpTax
#AskThkSec
08/06/22
Tax Incentives For
The Manufacturing Sector
The company must normally
submit its application to MIDA
before commencing
operation/production.
#AskKtpTax
#AskThkSec
08/06/22
Tax Incentives For
The Manufacturing Sector
A company granted Pioneer
Status (PS) enjoys a five year
partial exemption from the
payment of income tax.
#AskKtpTax
#AskThkSec
08/06/22
Tax Incentives For
The Manufacturing Sector
It pays tax on 30% of its
statutory income*, with the
exemption period commencing
from its Production Day (defined as
the day its production level reaches 30% of its
capacity).
#AskKtpTax
#AskThkSec
08/06/22
Tax Incentives For
The Manufacturing Sector
Unabsorbed capital allowances
incurred during the pioneer
period can be carried forward
and deducted from the post
pioneer income of the company.
#AskKtpTax
#AskThkSec
08/06/22
Tax Incentives For
The Manufacturing Sector
Accumulated losses incurred
during the pioneer period can be
carried forward and deducted from
the post pioneer income of the
company for a period of ten
consecutive years (previously seven years).

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