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>行业领域>服务业>酒店业(酒店和旅游业)

Hospitality
Sub-sector

Being the third largest component of the services sector, the tourism industry contributes 6% to Malaysia’s GDP and 23% of national employment or 3.5 million jobs (Source: DOSM). Tourism activities generate multiplier effects towards the ecosystem of hotel businesses, tourist projects, retail businesses, restaurants and transportation services.

Tourist arrivals grew steadily from 25.7 million in 2015 to 26.1 million in 2019 with tourist receipts increased from RM69.1 billion to RM86.1 billion in the same period. Most of our tourists are from ASEAN (primarily Singapore, Indonesia, and Thailand), China, Korea, India, Taiwan, Australia and the United Kingdom.

International and domestic tourists enjoy the country’s unique culture, food and melting pot of ethnicities while indulging in the natural biodiversity of sandy beaches, coral reef and rainforest. The country’s established network of infrastructure caters for a wide spectrum of travellers, from family to adventure-seeking backpackers.

Malaysia continues to garner industry accolades, winning three Pacific Asia Travel Association gold awards in 2019 and awards for medical tourism with the likes of the Malaysia Healthcare Travel Council (MHTC), TMC Fertility and Thomson Hospital Kota Damansara acknowledged for their excellent care and services.

92.4%

Domestic Investments

(RM3.63 bil)

RM3.93 bil

Total Approved Investments in 2019

90%

7.6%

Foreign Investments

(RM0.30 bil)

RM3.93 bil

Total Approved Investments in 2019

92.4%

Domestic Investments

(RM3.63 bil)

7.6%

Foreign Investments

(RM0.30 bil)

Investments Approved in 2019

61

Approved Projects

RM3.93 bil

Total Approved Investments

4,845

Job Opportunities

Equity Requirement 

Hotels

1 & 2 Star : 100% Malaysian

3 Star : At Least 30% Malaysian

4 & 5 Star : 100 % Foreign Equity Allowed

Theme Parks

100% Foreign Equity Allowed

Convention Centres 

100% Foreign Equity Allowed

Recreational Parks / Other Tourism Projects

At least 49% Malaysian including 30% reserved

Promoted Activities
(New Projects)

New projects involving these promoted activities within the tourism industry are eligible for incentives:

Theme Parks

Convention Centres

Recreational Parks

Hotels (1- 5 Star)

Other Tourism Projects

Government Support

To boost investor interest, the Government provides tax incentives for tourism projects including hotels, theme parks, convention centres, recreational parks and other tourism projects.

 

Pioneer Status (PS)

Companies may benefit from Pioneer Status of 70% of the statutory income for each year of assessment of its business operations.

OR

Investment Tax Allowance (ITA)

Companies may benefit from income tax exemption package of 60% allowance on the qualifying capital expenditure incurred within a period of 5 years where the allowance can be used to offset against 70% of the statutory income for each year of assessment of its business operations.

For hotel projects of 4 star and above in Sabah and Sarawak, companies are eligible for 100% Pioneer Status (PS) or 100% Investment Tax Allowance (ITA) where the allowance can be used to offset against 100% of the statutory income for each year of assessment of its business operations.

Promoted Activities
(Expansion Projects)

Expansion, modernisation and refurbishment projects for the following establishments are eligible for incentives:

Hotels (1-5 Star)

Theme Parks

Other Tourism Projects

Government Support

To strengthen the competitiveness of the tourism industry, the Government provides tax incentives for the expansion, modernisation and refurbishment of hotels, theme parks and other tourism projects.

Investment Tax Allowance (ITA)

Companies may benefit from income tax exemption package of 60% allowance on the qualifying capital expenditure incurred within a period of 5 years where the allowance can be used to offset against 70% of the statutory income for each year of assessment of its business operations.

Image by Datai Langkawi via www.thedatai.com

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