MALAYSIAN INVESTMENT DEVELOPMENT AUTHORITY
The Malaysian Investment Development Authority (MIDA) is the government’s principal agency for the promotion of the manufacturing and service sectors in Malaysia.
Both direct and indirect tax incentives in Malaysia are provided for in the Promotion of investments Act 1986, Income Tax Act 1967, Customs Act 1967, Sales Tax Act 1972, Excise Act 1976 and Free Zones Act 1990. These Acts cover investments in the manufacturing, agriculture, tourism (including hotel) and approved services sectors as well as R&D, training and environmental protection activities.
Direct tax incentives grand partial or total relief from income tax payment for a specified period, while indirect tax incentives are in the form of exemptions from import duty, sales tax and excise duty.