Section Heading

Incentives

Section Heading

“We are committed to work with investors and development partners alike in forging ahead to realise our dreams in WPS. We ensure effective facilitation with the different authority bodies to ease doing business for all partners and dedicate ourselves in bringing in the investments and economic activities that would spur growth and prosperity to this new economic region.”

Salween Ahmad Tauffik, General Manager,
South Perak Region Development, PKNP Group.

 

incentive

 

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WPS offers incentives for all four nodes, addressing fiscal and non-fiscal requirements.

  • Incentives for the Manufacturing Sector
  • Incentives for Strategic Projects
  • Incentives for the Automotive Industry
  • Incentives for the Hotel and Tourism
  • Incentives for High Technology Companies
  • Incentives for Biotechnology Industries
  • Incentives for Public Sector R&D
  • Centre of investments as a one-stop bureau to assist investors in state approvals for project implementation
  • A maximum 50% discount on land premium for industrial use 
  • Premium payable by instalments
  • Lease period of industrial land up to 99 years
  • No restriction on mortgage of land to financial institutions to secure loans for project implementation
  • Sharing of common facilities such as data centres
  • Pre-package of incentives for projects that are of strategic importance to the state and the nation
  • Other additional incentives and support offered by other State Government Linked agencies and companies
  • Income Tax Exemption of 100% up to 15 years of investment
  • Income Tax Exemption equivalent to 100% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 10 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Free Trade Zone/ Free Industrial Zone/ Free Commercial Zone
  • Licensed Manufacturing Warehouse
  • Income Tax Exemption of 100% up to 15 years of investment
  • Income Tax Exemption equivalent to 100% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 10 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Income Tax Exemption of 100% up to 15 years of investment
  • Income Tax Exemption equivalent to 100% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 10 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Income Tax Exemption of 100% up to 15 years of investment
  • Income Tax Exemption equivalent to 100% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 10 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Double deduction on R&D Expenditure
  • Income Tax Exemption of 100% up to 15 years of investment
  • Income Tax Exemption equivalent to 100% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 10 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Income Tax Exemption of 70% up to 10 years of investment
  • Income Tax Exemption equivalent to 100% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 10 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Double deduction on R&D Expenditure
  • Pioneer Status with income tax exemption of 100% of the statutory income for a period of five years.
  • Unabsorbed capital allowances as well as accumulated losses incurred during the pioneer period can be carried forward and deducted from the post pioneer income of the company.
  • Investment Tax Allowance of 60% on the qualifying capital expenditure incurred within five years.
  • This allowance can be offset against 100% of the statutory income for each year of assessment.
  • Any unutilized allowances can be carried forward to subsequent years until fully utilized.
  • Pioneer Status with income tax exemption of 100% of the statutory income for a period of five years.
  • Unabsorbed capital allowances as well as accumulated losses incurred during the pioneer period can be carried forward and deducted from the post pioneer income of the company
  • Investment Tax Allowance of 60% on the qualifying capital expenditure incurred within five years.
  • This allowance can be offset against 100% of the statutory income for each year of assessment.
  • Any unutilized allowances can be carried forward to subsequent years until fully utilized.
  • Income Tax Exemption of 70% up to 10 years of investment
  • Income Tax Exemption equivalent to 60% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 5 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Double deduction on R&D Expenditure
  • Income Tax Exemption of 70% up to 10 years of investment
  • Income Tax Exemption equivalent to 60% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 5 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Double deduction on R&D Expenditure
  • Income Tax Exemption of 100% up to 15 years of investment
  • Income Tax Exemption equivalent to 100% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 10 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Income Tax Exemption of 100% up to 15 years of investment
  • Income Tax Exemption equivalent to 100% of qualifying capital expenditure (Investment Tax Allowance) incurred within a period of up to 10 years
  • Stamp duty exemption on transfer or lease of land or building used for development in relation to manufacturing and services activities
  • Withholding tax exemption on fees for technical advice, assistance or services or royalty
  • Import duty exemption on raw materials and components that are not produced locally and used directly in the manufacture of finished products
  • Unit Kerjasama Awam Swasta (UKAS) Facilitation Fund for high impact projects
  • Domestic Investment Strategic Fund (DISF) by MIDA
  • Double deduction on R&D Expenditure
  • Pioneer Status with income tax exemption of 70% of the statutory income for a period of five years.
  • Unabsorbed capital allowances as well as accumulated losses incurred during the pioneer period can be carried forward and deducted from the post pioneer income of the company.
  • Investment Tax Allowance of 60% on the qualifying capital expenditure incurred within five years.
  • This allowance can be offset against 70% of the statutory income for each year of assessment.
  • Any unutilized allowances can be carried forward to subsequent years until fully utilized.

WPS is committed to provide special incentive packages which can be formulated for investors and end-users, to meet differing requirements and provide easier access. This is to ensure not just a bright start, but a collaborative, long-term partnership, which will also serve as the main point of contact once the project is fully developed and occupied.