STI Tax Incentives | Malaysian Science and Technology Information Centre

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STI Tax Incentives
A vast array of fiscal incentives in the form of tax exemption as well as double deduction for R&D expenses, has been provided by the Malaysian government as an agenda to promote R&D. Studies have shown that R&D tax incentives can be an effective instrument for inducing a certain degree of private sector research. Tax incentives can increase private research spending by an amount equal to the loss in tax revenue on average, depending on their design.
Incentive Title	Fundraising Organization
Tax exemption on 100% statutory income for a period of 10 consecutive years from the first year the company derived its statutory income from the new business.	Malaysian Bioeconomy Development Corporation Sdn Bhd
Tax exemption on 100% statutory income for a period of 5 consecutive years from the first year the company derived its statutory income from the existing business and expansion project.	Malaysian Bioeconomy Development Corporation Sdn Bhd
Tax exemption on 100% statutory income derived from a new business or an expansion project that is equivalent to an allowance of 100% of qualifying capital expenditure incurred for a period of 5 years.	Malaysian Bioeconomy Development Corporation Sdn Bhd
Import duty exemption on Imported raw materials, components, machinery and equipment.	Malaysian Bioeconomy Development Corporation Sdn Bhd
Double deduction on expenditure incurred for R&D.	Inland Revenue Board of Malaysia (IRB)
A company of an individual (that carry on business) investing in a BioNexus Status company is eligible for a tax deduction equivalent to the total investment made in initiating commercialization stage financing.	Malaysian Bioeconomy Development Corporation Sdn Bhd
Domestic Investment Strategic Fund	Malaysian Investment Development Authority
Incentives for High Technology Projects	Malaysian Investment Development Authority
MSC Malaysia Status	Multimedia Development Corporation
Bionexus Status Company (Tax Incentives)	Malaysian Bioeconomy Development Corporation Sdn Bhd
Tax exemption on dividends distributed by a BioNexus Status company	Malaysian Bioeconomy Development Corporation Sdn Bhd
Double deduction on expenditure incurred for the promotion of exports	Malaysian Bioeconomy Development Corporation Sdn Bhd
Research Incentive Scheme for Enterprises	Multimedia Development Corporation
Angel Tax Incentives	Cradle Fund Sdn Bhd
INCENTIVES FOR PRODUCTION OF HALAL FOOD	Malaysian Investment Development Authority