Exciting times for those in Malaysia’s agricultural sector! The government, through Public Ruling No. 5/2023, is rolling out impressive tax incentives for approved food production projects.

This initiative covers a spectrum of activities from crop planting to livestock rearing and even high seas fishing.

Who’s Eligible?
Companies and cooperatives focused on agriculture.
Agricultural associations and individuals in farming and fisheries.

Why It Matters?
Imagine getting a 100% tax exemption for up to ten years on your new projects! Plus, you can carry forward losses and claim deductions on capital expenditures, making your investment even more fruitful.

How to Dive In?
Applications go through the Ministry of Agriculture and Food Security.

Ensure your projects align with the guidelines and you could significantly reduce financial risks.

Let’s cultivate success together!

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