Government’s Green Tax incentives (a.k.a Double tax incentives) are applicable to only corporations/businesses for deduction and relief.
LHDN Capital Allowance (CA) on Qualifying Expenditure (QE)
Asset purchases under ‘Equipment, Plant & Machineries’ qualify for 100% Capital Allowance Deduction in accordance with the CA Calculation method specified by LHDN.
MIDA Tax Incentive for Purchase of Green Technology Assets
The allowance can be offset against 70% of statutory income in the year of assessment. Unutilized allowances can be carried forward until they are fully absorbed.
All in, one can enjoy up to 48% total savings! Find out more.