Investment Tax Allowance (ITA) of 100% of qualifying capital expenditure incurred on a green technology project from the year of assessment 2013 (date on which the first qualifying capital expenditure incurred is not earlier than 25 October 2013) until the year of assessment 2023. The allowance can be offset against 70% of statutory income in the year of assessment. Unutilized allowances can be carried forward until they are fully absorbed.
Green technology project related to renewable energy, energy efficiency, green building, green data center, and waste management can qualify for this tax incentive. Please refer to the Guideline for Application for Incentives and/or Expatriate Posts for Green Technology (GT) at www.mida.gov.my for more details.