Tax Incentives : Other Tax Incentives

Capital expenditure on acquiring proprietary rights such as patent, industrial design or trademarks is allowed deduction of 20% per year of assessment on the cost of the acquisition of the proprietary rights for five years

The cost of developing e-commerce enabled websites is allowed as an annual deduction of 20% for purpose of income tax for 5 years, effective from year of assessment 2002

A company is eligible for the IBA in respect of buildings used as warehouse for storing of goods for export and re-export. The IBA consists of a special allowance of 10% of the qualifying capital expenditure of building

Note : All application for tax claims is to be made directly to the Inland Revenue Board on prescribed forms. Companies can contact the Technical Division of the Inland Revenue Board for further assistance or visit www.hasil.org.my