To encourage companies in labour-intensive industries to adopt automation in their manufacturing process, a 200% capital allowance on automation expenditure will be granted to high labour- intensive industries (such as rubber products, plastics, wood, furniture and textiles), for the first RM4million expenditure incurred from 2015 to 2017.
For other industries, an automation capital allowance of 200% will be granted on the first RM2million expenditure incurred from 2015 to 2020.
To enhance efforts in attracting high quality investments into the country, the Government will offer a more specialised incentive package for investment projects based on technology, innovation and knowledge, involving highly qualified and knowledgeable employees with high salaries.
A customized package of incentives for Principal Hubs will also be introduced early next year to encourage multinational companies to set up global operational centres in Malaysia.
Source: Prime Minister’s 2015 Budget speech