# data[].attributes.body
-Help company to reduce tax payment amount especially during Covid-19 period.
-Able to attract company to spend more money in R&D activity as expenditure qualify for double deduction.(win-win situation)

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- To attract more investor to invest in Pharmaceutical industry R&D project
- To encourage all Malaysia pharmaceutical industry company to do R&D project
- Get more equipment, machines, raw material and more for R&D activities

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-Extend the tax exemption to 3 more years or increase offset against to 100% of statutory income to achieve long-term stability

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-Full tax exemption on statutory income for 5 years or ITA at 100% on qualifying capital expenditure incurred within 10 years to be offset against 70% of statutory income.

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-Encourage to hire more employees
-Promote manufacturing and agricultural industries R&D activities

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 4. Manufacturing and Agricultural Industries in R&D

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 4. Manufacturing and Agricultural Industries in R&D

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Government provide tax incentives to contract R&D companies and R&D companies in manufacturing and agricultural sector

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-Direct and externally provided staff
-Subcontracted R&D
-Consumables
-Software
-Prototyping
-Independent research costs

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* purchase of buildings, vehicles or plant and equipment for research purposes)

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To encourage enterprises to invest in R&D creation

To attract companies to conduct R&D activities in Malaysia and facilitate the commercialisation of IP.

To anchor more post-R&D economic activities

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- raw material used directly in R&D activities
- cost of employees involved in R&D activities
- payment for technical services & etc

QE can be backdated up to 3 years from the date the IP is registered/ filed

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Incentive framework created by MIDA are as follows :-

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Incentive framework created by MIDA are as follows :-

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1. Incentive

2. Qualifying person

3. Qualifying conditions

4. Qualifying IP assests

5. Qualifying IP income

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The Government announced full income tax exemptiom for 10 years for qualifying intellectual property income

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- As Covid-19,Government should increase limit of R&D expenditure on outside country
*Can collaborate with other country like Indonesia
*Sharing of technology between country
- As government choose exempt some of the capital expenditure to attract more company to invest in R&D activity

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-payments for R&D expenditures incurred outside Malaysia cannot more than 30% of the total allowable R&D expenditure.
- Cannot be cash contribution or payment for the use of services that are capital in nature

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5.Palm Oil Industries in R&D (Tax incentives)

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5.Palm Oil Industries in R&D (Tax incentives)

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-Double deduction for R&D qualifying expenditure

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Government should let manufacturers of pharmaceutical industry to have tax free when investing with more flexible condition

-investing in COVID-19 vaccines research

-making of COVID-19 vaccines

Extend tax free duration for investment in research and making of COVID-19 vaccines

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1. The income tax rate for the first 10 years is 0% to 10%
2.The income tax rate for the following ten years is 10%

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During Covid-19 ,Government allow manufacturers of pharmaceutical industry that conduct research and development (R&D) activities to have tax incentive when making investment in Malaysia.

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-Government should expand limitation of resource based of activity to help new company increase advantage especially during Covid-19 period.

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-To create a competitive R&D ecosystem especially Covid-19 period.
- To encourage new public/private research institutions involve in R&D activity.
-To provide high quality researchers and quality R&D.

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-Income tax exemption of 100% of statutory income for 10 years.
*valid to apply from  7 November 2020 until 31 December 2025.

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For investor company(Condition)
- commercialises the R&D findings for public/private higher learning institutions.

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FIVE Areas/Efforts of Tax Incentives that Government Help In Research & Development 

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FIVE Areas/Efforts of Tax Incentives that Government Help In Research & Development 

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According to the Investment Promotion Act 1986, research and development (R&D) is defined as "any undertaking in the field of science or technology involving innovation or Research that involves technical risks, is systematic, and has the nature of postgraduate entrance examination and experimentation”