Exciting news for Malaysian businesses! The government has introduced a new reinvestment incentive under the New Industrial Master Plan 2030 (NIMP 2030).

This initiative, rolled out by MIDA, is designed to encourage companies to continue investing in high-growth and high-value activities, especially for those who’ve exhausted their Reinvestment Allowance (RA) period.

Eligible companies in sectors like aerospace, automotive, biotechnology, electronics, and more can benefit from a tiered Investment Tax Allowance (ITA).

The incentive offers a 5-year period where companies can offset qualifying capital expenditure against statutory income—100% for Tier 1 and 60% for Tier 2.

This is a fantastic opportunity for businesses planning to expand or diversify.

But remember,

Applications must be submitted before the first sales invoice for the proposed project and the window is open until 31 December 2028.

Let’s make the most of this opportunity together!

Read the full content in our KTP blog https://lnkd.in/gxYTFKBx