1. For New Company

a) 0% special tax rate for 10 years for new investment in manufacturing sector with capital investment between RM300 million to RM500 million

b) 0% special tax rate for 15 years for new investment in manufacturing sector with capital investment above RM500 million

2. For Existing Company

- 100% Investment Tax Allowance (ITA) for 5 years for existing company in Malaysia relocating overseas facilities into Malaysia with capital investment above RM300 million. The allowance is offset against 100% of statutory income for each assessment year

- The incentive is effective from 1 July 2020 until 31 December 2022.

- Applicable whole Malaysia