Operator of the Premier Industrial Park in Kedah
There are more than 70 industrial estates and technology parks in NCER, of which many are under or unutilised. Moving forward, a more focused approach will be adopted to encourage more effective use of the land. NCIA will help state governments to identify land with the most potential to become industrial focus areas, bearing in mind the need for balanced development and the benefits of locating agriculture downstream activities next to the upstream areas.
The management of the industrial or technology parks shall be privatised.
Tax Incentives for the Operator of the Premier Industrial Park
- 100% Income Tax Exemption on statutory income for a period of 10 years, starting from the first year of profitability, or
Investment Tax Allowance of 100% on qualifying capital expenditure for a period of 5 years.
Application should be submitted to NCIA
Additional Incentives for the Operator of the Premier Industrial Park
- Eligible expenses for the Investment Tax Allowances and Industrial Building Allowances are expanded to include building cost, infrastructure cost and amenities;
- Double deduction on export promotion expenses;
- Stamp duty exemption on land acquisition and mortgage transactions.
Claims should be submitted to IRB.