Financial Incentives For Green Technology

Malaysian Investment Development Authority (MIDA)

Contemplating whether to explore into the green industry? In its effort to add momentum on the adoption of green technology in Malaysia, the Government has initiated incentives to attract potential investors and industry players to invest in Renewable Energy via Malaysian Investment Development Authority (MIDA) :

  • Green Investment Tax Allowance - GITA (Project) : GITA Investment Tax Allowance (GITA) of 100% of qualifying capital expenditure (QCE) incurred from the date of application received by MIDA until 31 December 2020 which comprises of Renewable Energy, Energy Efficiency, Green Building, Green Data Centre and Integrated Waste Management Activity.
  • Green Income Tax Exemption - GITE (Services) : 100% of statutory income from the year of assessment where the date of application received by MIDA until the year of assessment 2020 which encompasses Renewable Energy, Energy Efficiency, Green Building, Green Data Centre, Green Township, Certification/Verification Bodies and Electric Vehicles (EV).

For any latest Procedures, Guidelines and Forms kindly download from MIDA website. Please click here for further information.

Green Technology Financing Scheme 2.0 (GTFS 2.0)

GTFS is a financing scheme offered to investors which is supported by the government offering a 2% p.a. interest/profit rate subsidy for the first seven years and 60% government guarantee of green component cost to financial institutions.

For more information please visit : https://www.gtfs.my/