Tax Incentive for Manufacturer of Electric Vehicle Charging Equipment

Last updated: 17 May 2023

To promote electric mobility, in 2023 the Malaysian government introduced a tax incentive to attract investment in the manufacturing of electric vehicle charging equipment, ensuring local production at a competitive cost. 

The proposed tax exemption includes: 

  • 100% income tax exemption for a 10 years period, from 2023 to 2032, for manufacturing companies that make early investments in 2023. Companies investing after 2023 will receive the remaining exemption period only; 
  • 100% Investment Tax Allowance for a 5 years period for manufacturing companies that can be compensated by up to 100% of their statutory income for each year.

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