FINANCIAL INCENTIVES FOR GREEN TECHNOLOGY AS ANNOUNCED UNDER BUDGET 2020

Extension of Green Investment Tax Allowance (GITA) & Green Income Tax Exemption (GITE) until 2023

For Budget 2020, Government announce that the Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) incentives will be extended to 2023.

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/