政府激励措施
Main Incentives for Manufacturing Companies
The major tax incentives for companies investing in the manufacturing sector are the Pioneer Status and the Investment Tax Allowance. Eligibility for Pioneer Status and Investment Tax Allowance is based on certain priorities, including the level of value added, technology used and industrial linkages. Eligible activities and products are termed as “promoted activities” or “promoted products”.
The company must submit its application to MIDA before commencing operation/production.
i) Pioneer Status
A company granted Pioneer Status (PS) enjoys a five year partial exemption from the payment of income tax. It pays tax on 30% of its statutory income*, with the exemption period commencing from its Production Day (defined as the day its production level reaches 30% of its capacity).
Unabsorbed capital allowances incurred during the pioneer period can be carried forward and deducted from the post pioneer income of the company. Accumulated losses incurred during the pioneer period can be carried forward and deducted from the post pioneer income of the company for a period of seven consecutive years.
Applications for Pioneer Status should be submitted to MIDA
ii) Investment Tax Allowance
As an alternative to Pioneer Status, a company may apply for Investment Tax Allowance (ITA). A company granted ITA is entitled to an allowance of 60% on its qualifying capital expenditure (factory, plant, machinery or other equipment used for the approved project) incurred within five years from the date the first qualifying capital expenditure is incurred.
公司可以用每个课税年度法定收入的 70% 来抵消这笔津贴。任何未使用的津贴可以结转至后续年度，直至完全使用为止。其余30%的法定收入将按照现行的公司税率征税。
Application should be submitted to MIDA
