As an initiative to encourage the buying and selling of green technologies, the Government provides an Investment Tax Allowance (ITA) for purchasing green technology equipment / assets and an Income Tax Exemption (ITE) for providing green technology services. Under the Green Technology Tax Incentive, there is Green Investment Tax Allowance (GITA) for Assets, GITA for Projects, and Green Income Tax Exemption (GITE) for Service Providers.

GITA

In 2018, 175 renewable energy (RE) and 55 energy efficiency (EE) projects were approved, attracting total investment values of RM3.0 billion and RM139.1 million respectively.

GITE

With both domestic and foreign investors partaking, there were a total of 14 projects for green services with a total investment of RM150.8 million.

More info : https://www.myhijau.my/green-incentives/

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