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e-Newsletter 2018

Topics highlighted in this e-newsletter are insights and updates on investments related to both the manufacturing and services sectors, industry focus, economic news as well as the various events organised by MIDA. Register here now.
MIDA Newsletter - Jan 2018 Issue

LEVERAGE ON ACA TO INCREASE COMPETITIVENESS

The Automation Capital Allowance incentive which has been introduced by the Government in 2015 is divided into two categories. The first category is for high labour intensive industries namely rubber products, plastics, wood, furniture and textiles. The automation capital allowance of 200% is provided on the first RM4 million expenditure incurred within three years of assessment from 2015 to 2017. Under the 2018 Budget, the incentive for the first category was extended until YA 2020.

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Last Updated : Wednesday 21st February 2018