Tax incentives for E&E industry to climb value chain

Tax incentives for E&E industry to climb value chain

The Edge Markets - Malaysia·2019-10-11 17:12

KUALA LUMPUR (Oct 11): The Government intends to introduce tax incentives to encourage value-added in the domestic electrical and electronics (E&E) industry — a move to woo businesses to jump onto the digital economy bandwagon.

E&E companies that invest in knowledge-based services will get a tax exemption for up to 10 years, said Finance Minister Lim Guan  Eng in his speech tabling the National Budget 2020. There is also a special investment allowance for existing E&E companies that have had their reinvestment allowance expired.

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