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Perlis offers six incentives to attract investors — MB

Perlis offers six incentives to attract investors — MB

09 Dec 2021

The Perlis government has offered six incentives to investors, including land and tax incentives, in order to attract investments into the state, said Menteri Besar Datuk Seri Azlan Man.

He said the incentives are part of the state’s investment stimulation package post-COVID-19 approved by the state government effective Feb 1 this year to Dec 31 next year.

The first incentive involves the reduction of the land premium rate of between 10 and 30 per cent, while the second incentive covers a scheduled land tax and the third incentive provides for a service charge exemption of RM1,000.

“The fourth incentive is a policy decision in two weeks from the date of presentation in the technical development committee; the fifth incentive offers a reduction in the assessment tax of 10 per cent for the manufacturing and warehousing sector in two years for new investors.

“The sixth incentive is the reduction in licencing fee for the manufacturing and warehousing sector in two years for news investors,” the Menteri Besar told the state legislative assembly here today.

Azlan said based on the information received from the Northern Corridor Economic Region (NCER) authority, Perlis is considered to have  the most attractive incentives for investors compared to Penang, Perak and Kedah.

Source: Bernama

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