My fancy padlet by Goh Yun Yi https://padlet.com/i19017583/e5xbrvzsc6wa8rxh Made with charisma en-us 2022-06-25 13:32:34 UTC 2025-11-29 11:35:39 UTC hello@padlet.com FIVE Areas/Efforts of Tax Incentives that Government Help In Research & Development i19017583 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2230307355 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”]]> 2022-06-25 13:47:25 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2230307355 1.Commercialisation R&D finding i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235729196
For investor company(Condition)
- commercialises the R&D findings for public/private higher learning institutions.]]> 2022-07-03 04:34:24 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235729196 Tax incentives i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235729637  -Income tax exemption of 100% of statutory income for 10 years. 
*valid to apply from  7 November 2020 until 31 December 2025. ]]> 2022-07-03 04:37:33 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235729637 Reason of provide tax exemption i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235734157  -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. 

]]> 2022-07-03 05:02:18 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235734157 Suggestion i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235734757 -Government should expand limitation of resource based of activity to help new company increase advantage especially during Covid-19 period.]]> 2022-07-03 05:05:27 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235734757 2.Pharmaceutical R&D https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235759415 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.]]> 2022-07-03 07:24:19 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235759415 Tax Incentive https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235759736 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%]]> 2022-07-03 07:26:00 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235759736 Suggestion https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235759912
  • 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
    ]]>     2022-07-03 07:26:53 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235759912     5.Palm Oil Industries in R&D (Tax incentives) i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235830531 -Double deduction for R&D qualifying expenditure  

    ]]>     2022-07-03 12:40:18 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235830531     Condition i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235837397 -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 ]]>     2022-07-03 13:04:06 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235837397     Suggestion i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235845929 - 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

    ]]>     2022-07-03 13:33:57 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2235845929     3.Intellectual Property Development i21020626 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236428928 The Government announced full income tax exemptiom for 10 years for qualifying intellectual property income]]> 2022-07-04 11:55:47 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236428928 Incentive framework created by MIDA are as follows :- i21020626 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236473713
  • Incentive 
  • Qualifying person 
  • Qualifying conditions 
  • Qualifying IP assests
  • Qualifying IP income
    • ]]>     2022-07-04 13:12:19 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236473713     Qualifying R&D expenditure (QE) i21020626 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236475692 - 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
    ]]>     2022-07-04 13:15:15 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236475692     Objective of the incentive i21020626 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236478714
  •  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
    • ]]>     2022-07-04 13:19:38 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236478714     Capital Nature i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236536701 * purchase of buildings, vehicles or plant and equipment for research purposes)]]> 2022-07-04 14:42:27 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236536701 Example of Qualifying R&D Expenditure i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236542517 -Direct and externally provided staff
    -Subcontracted R&D
    -Consumables
    -Software
    -Prototyping
    -Independent research costs     ]]>     2022-07-04 14:52:12 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236542517     4. Manufacturing and Agricultural Industries in R&D i18015512 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236887375 Government provide tax incentives to contract R&D companies and R&D companies in manufacturing and agricultural sector]]> 2022-07-05 02:55:52 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236887375 Objective of the incentive i18015512 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236908696 -Encourage to hire more employees
    -Promote manufacturing and agricultural industries R&D activities]]>     2022-07-05 03:23:15 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236908696     Tax Incentives i18015512 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236914509 -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.]]> 2022-07-05 03:31:48 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236914509 Suggestion i18015512 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236925706 -Extend the tax exemption to 3 more years or increase offset against to 100% of statutory income to achieve long-term stability]]> 2022-07-05 03:49:40 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2236925706 Objective of the incentive https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2237375097 - 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]]>     2022-07-05 16:03:45 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2237375097     Reason provide tax incentive i19017204 https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2240434129 -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)]]>     2022-07-10 14:15:18 UTC https://padlet.com/i19017583/e5xbrvzsc6wa8rxh/wish/2240434129