A Comprehensive Package of FISCAL INCENTIVES
The NTAX Package consists of region-specific, broad-based fiscal incentives which encourage and reward high-value and substantial investments in NCER according to identified priority sectors.
These incentives include an Income Tax Exemption, as well as an Investment Tax Allowance. The package also includes rewards for specific promoted activities such as Research and Development (R&D).
Other benefits for investors include Stamp Duty Reduction (based on location of operations) and Import Duty Exemption on raw materials, components, machineries, equipment, spare parts and consumables that are not produced locally and used directly in the production activities.
These competitive incentives are key enablers to NCER’s development.
| Income Tax Exemption | Investment Tax Allowance | Import Duty Exemption | Stamp Duty Reduction | ||
|---|---|---|---|---|---|
| N1 | Kedah | 100% income tax exemption up to 15 years | 100% allowance up to 10 years | Exempted | 50% reduction on transfer or lease of land |
| Perlis | Not applicable | ||||
| N2 | Penang | 70% income tax exemption up to 10 years | 70% allowance up to 10 years | Not applicable | |
| Perak | |||||
| Special Promoted Area | Seberang Prai Utara, Seberang Prai Selatan, Seberang Prai Tengah, Barat Daya Pulau Pinang, Selama, Kerian, Hulu Perak, Perak Tengah, Kuala Kangsar, Bagan Datuk, Hilir Perak, Kampar, Batang Padang and Larut & Matang | Up to 100% income tax exemption up to 15 years | Up to 100% allowance up to 10 years | Not applicable | Not applicable |
CUSTOMIZED INCENTIVES
(Section 127 (3A) Income Tax Act 1967)
Special Incentive Package
Global
Business Service
BROADBASED INCENTIVE
(P.U(A) 112/ 113 Income Tax Act 1967)
Manufacturing
Education
Agriculture
Services
(Tourism & Logistics)
Medical Science
R&D and S&T
Growth Nodes
(NCER Thematic Industrial Parks)
