(Tax Update) Understanding Malaysia's Pioneer Status (PS) & Investment Tax Allowance (ITA)

(Tax Update) Understanding Malaysia's Pioneer Status (PS) & Investment Tax Allowance (ITA)

In this video, we explore the tax incentives in Malaysia that can significantly benefit businesses, particularly in the manufacturing and agricultural sectors. Malaysia offers attractive tax incentives aimed at boosting Foreign Direct Investment (FDI) and supporting local businesses.

We’ll break down two major tax incentives offered by the Malaysian Investment Development Authority (MIDA): the Pioneer Status (PS) and the Investment Tax Allowance (ITA).

Learn how these incentives provide income tax exemptions, allowances on capital expenditure (capex), and additional tax deductions, all designed to help your business grow.

Key points covered in this video include:

1. What is Pioneer Status (PS), and how can it benefit your company?

2. What is Investment Tax Allowance (ITA), and how can it support your business growth?

3. A comparison of PS and ITA to help you decide which incentive best suits your needs.

Watch the short 15-minutes on PS & ITA in our YouTube https://youtu.be/phGToPXSX_4

For more insights on tax incentives and how they can benefit your company, visit www.ktp.com.my. Stay tuned for professional updates in simple terms for business owners, tax professionals, and investors in Malaysia.

Disclaimer: This briefing is intended for general guidance only. Always consult a licensed tax professional for personalized advice.

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