Check out the tax incentive
We are very happy to announce that Atlas Copco’s GA7-75 VSD+ Oil-injected screw compressors has been awarded with the MyHijau Mark. We are the first Compressor Manufacturer given this green certification on 27 October 2016.
When a Green technology asset is listed in MyHijau Directory, it means a green technology product, equipment or system used to conserve the natural environment and resources which minimizes and reduces the negative impact of human activities; and approved by the Minister of Finance (MOF).
How does it benefit our customers? In recognising Green Technology as a driver for the nation’s economic growth, the Government has provided the investment tax allowance for the purchase of green technology equipment and income tax exemption for green technology services companies as announced in the 2014 Budget.
Investment Tax Allowance (ITA) of 100% of qualifying capital expenditure incurred on a green technology project from the year of assessment 2013 (date on which the first qualifying capital expenditure incurred is not earlier than 25 October 2013) until the year of assessment 2020. 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.
Please refer to the Guideline for Application for Incentives and/or Expatriate Posts for Green Technology (GT) at www.mida.gov.my for more details on qualifying activities and eligibility criteria.
For further information, please visit:
Contact Person: Neo Kim Yaw
Email Address: email@example.com
Mobile No.: +6019 303 5886