Grants / Incentives

Oil & Gas
Medium & Heavy Industries - Marine Supply Base and Fabrication Yard
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View References | Tax exemption
Details

- Full tax exemption on statutory income for 10 years; or Investment Tax Allowance of 100% on qualifying capital expenditure for 5 years - can be offset against 100% of statutory income, subject to qualifying activities/ products under the Promotion of Investment Act 1986.

 

For ship building and repairs industry, incentives are offered under Income Tax Act 1967 as follows:

 

Full tax exemption on statutory income for 5 years; or

 

Investment Tax Allowance of 100% on qualifying capital expenditure for 5 years - can be offset against 100% of statutory income.

 

-  Specifically at Sipitang

Providing Body

Sabah Economic Development and Investment Authority (SEDIA) 

- State GLC

Sabah Oil & GAS Industrial Park (SOGIP)

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