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Promotion of Investments Act 1986 (Act 327).

Country/Territory
Malaysia
Document type
Legislation
Date
1986 (2006)
Source
FAO, FAOLEX
Long title
An Act to make provision for promoting by way of relief from income tax the establishment and development in Malaysia of industrial, agricultural and other commercial enterprises, for the promotions of exports and for incidental and related purposes.
Subject
Agricultural & rural development, General
Keyword
Business/industry/corporations Capacity building Financing Fiscal and market measures Subsidy/incentive Inspection Internal trade International trade Legal proceedings/administrative proceedings Non-governmental entity Processing/handling
Geographical area
Asia, Asia and the Pacific, East Asian Seas, South-Eastern Asia
Entry into force notes
This Act shall be deemed to have come into force on the 1 January 1986 and shall have effect for the year of assessment 1987.
Abstract

This Act, consisting of 55 Articles, aims to achieve the following objectives: (i) offer a range of incentives and income tax relief to companies involved in specified activities or products such as manufacturing, agriculture, tourism, exports, research and development, etc.; (ii) encourage foreign investments in Malaysia across industrial, agricultural, and other commercial sectors by providing specific tax reliefs and investment allowances. Applicable to resident companies in Malaysia that have been granted pioneer status, investment tax allowance, industrial adjustment allowance, income abatement, export allowance, or infrastructure allowance by either the Minister of International Trade and Industry or the Minister of Finance.

Full text
English
Website
lom.agc.gov.my

References - Legislation

Implemented by

Promotion of Investments (Promoted Activities and Promoted Products for Small Scale Companies) Order 2012.

Legislation | Malaysia | 2012

Keyword: Business/industry/corporations, Fiscal and market measures, Processing/handling, Agricultural commodities

Source: FAO, FAOLEX