INTIEAMalaysia · Pioneer SatusPolicyIn force

Pioneer Satus

In addition to consumption incentives, the Malaysian Government has also offered incentives for the domestic assembly or manufacture of hybrid-electric and battery-electric vehicles and components. Companies that assemble or manufacture such cars can be given “Pioneer Status”,…

Last changed 9 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

EffectiveJan 01, 2014
Last changeNov 05, 2017

Country / jurisdiction: Malaysia · Year: 2014 · Status: In force · Level: National · Type: Voluntary

In addition to consumption incentives, the Malaysian Government has also offered incentives for the

domestic assembly or manufacture of hybrid-electric and battery-electric vehicles and components.

Companies that assemble or manufacture such cars can be given “Pioneer Status”, which means that they

would then be eligible for a 100% exemption from corporate income tax for 10 years, and a 100%

investment tax allowance on qualified capital expenditure incurred within the first five years. To be eligible for the incentives applying to parts and

component manufacturers, a company had to submit its application to the Malaysian Investment

Development Authority (MIDA) by 31 December 2014.27

Official source: http://www.oecd.org/officialdocuments/publicdisplaydocumentpdf/?cote=COM/TAD/ENV/JWPTE(2013)27/FINAL&docLanguage=En

Source

https://www.iea.org/policies/3168

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