2.1) Tax Incentives For Bus And Taxi Operators

1. Bus operators be given sales tax exemption on the purchase of locally assembled buses including air-conditioners
   

   (Effective for applications received by MOF from 30 August 2008 until 31 December 2011);

2. New buses purchased – Accelerated Capital Allowance (ACA) 1 Year
   

   (Effective for buses purchased in YA 2009 – YA 2011);

3. Road tax on all types of buses, taxis & hired cars (e.g. limousines) – reduced to RM20 a year
   

   (Effective from 1 September 2008).

2.2) Enhancing Tax Incentives For Rearing Of Chicken And Ducks Using Closed House System - for Reinvestment (in existing / new location) approved by the Ministry of Agriculture and Agro-Based Industry

Effective from YA 2009 – YA 2010

2.3) Stimulating The Development Of Venture Capital Industry

Applications received by the Securities Commission 30 August 2008 until 31 December 2013

2.4) Enhancing Tax Incentives For The Generation Of Energy From Renewable Sources

Effective for applications received by the Ministry of Finance from 30 August 2008 until 31 December 2010

2.5) Incentives For Listing Of Foreign Companies And Foreign Products In Bursa Malaysia

Effective from YA 2009 to YA 2013

1. Corporations with predominantly foreign based operations;
2. Exchange Traded Funds and Real Estate Investment Trusts with foreign based assets;
3. Foreign listed securities; and
4. Foreign financial instruments.

2.6) Tax Exemption On Income Of Corporate Advisors On The Issuance And Trading Of Sukuk

Effective from YA 2009 to YA 2011

1. Fees earned by qualified institutions in undertaking activities related to the arranging, underwriting and distributing of non-ringgit sukuk issued in Malaysia and distributed outside Malaysia; and
2. Profits received by qualified institutions from the trading of nonringgit sukuk issued in Malaysia.

2.7) Improvement Of Reinvestment Allowance (RA)

Effective from YA 2009

1. Qualifying activity under Manufacturing sector does not include processing (before manufacturing + processing);
2. A company must be in operation for at least 36 months (before = 12 months);
3. A company purchasing an asset from a related company within the same group where RA has been claimed on that asset is not allowed to claim RA on the same asset; and
4. To claw back RA (Reverse Tax Benefit) for assets disposed off within a period of 5 years from the date of purchase of the asset (before = within 2 years).

Jointly Edit & Present By:
Chris Tan	This e-mail address is being protected from spam bots, you need JavaScript enabled to view it