Pioneer Satus

Last updated: 5 November 2017
In addition to consumption incentives, the Malaysian Government has also offered incentives for thedomestic assembly or manufacture of hybrid-electric and battery-electric vehicles and components.Companies that assemble or manufacture such cars can be given “Pioneer Status”, which means that theywould then be eligible for a 100% exemption from corporate income tax for 10 years, and a 100%investment tax allowance on qualified capital expenditure incurred within the first five years. To be eligible for the incentives applying to parts andcomponent manufacturers, a company had to submit its application to the Malaysian InvestmentDevelopment Authority (MIDA) by 31 December 2014.27

Want to know more about this policy ? Learn more