| 1 | Operation (General) | Remarks |
| 1.1 | Review Of Income Tax Treatment On Allowances, Benefits In Kind And Perquisites
To Reduce Staffs’ Tax Burden | - Increase liquidity in the market to sustain domestic demand.
- Reward employees in allowance rather than increment.
- Employees' interest is preserved with the EPF contribution maintained and less tax payable at the same time.
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| 1.2 | Review Of Road Tax On Private Vehicles Owned By Individuals And Companies
No Difference For Both Petrol & Diesel Vehicles | - Compensate the negligible price gap between petrol and diesel.
- Relief for company that have elected to purchase diesel vehicles earlier with intention to save costs.
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| 1.3 | Tax Incentives To Enhance Training In Selected Fields
Double Tax Deduction & Withholding Tax Exemption | - Improve specific HR skills and expertise.
- Increase competitiveness in attracting foreign experts.
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| 1.4 | Tax Incentive To Enhance The Use Of ICT
Capital Allowance Within 1 Year | - "Real Time" tax saving – save tax as you spent.
- Encourage effective turnover for fast paced technology based on its actual life span.
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| 1.5 | Implementation Of Advance Pricing Arrangement (APA)
Allow Consultation & Determination of Transfer Pricing | - Increase certainty in tax planning.
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| 1.6 | Tax Incentives For Small And Medium Enterprises (SMEs)
New Defination of SMEs
Capital Allowance Within 1 Year- For Plant Machinery & Small Value Assets | - "Real Time" tax saving – save tax as you spent.
- New definition for SME allows level playing field for SME with strong financial backing (PLC etc.).
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| 1.7 | Extend Tax Incentive To Enhance Security Control
Capital Allowance Within 1 Year | - Encourage self-help security control.
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| 1.8 | Widening The Scope Of Appeal To Special Commissioners Of Income Tax
To Include Cases of Non-Chargeability | - Tax consultation and appeal are now available to all tax payers regardless of taxability.
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| 1.9 | Tax Treatment On Costs Of Dismantling And Removing Assets As Well As Restoring The Site
Extended Capital Allowance | - Facilitate expansion and operation streamlining.
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| 1.10 | The Application Of Arm's Length Principle On Business Transactions Carried Out Between Related Companies
Empowering the Director General | - Minority protection.
- Ensure reflective of taxable income.
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| 2 | Industry Specific | Remarks |
| 2.1 | Tax Incentives For Bus And Taxi Operators
Sales Tax Exemption, Capital Allowance & Nominal RM20 Road Tax | - Encourage proper distribution and utilization of resources to improve the quality of transportation services.
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| 2.2 | Enhancing Tax Incentives For Rearing Of Chicken And Ducks Using Closed House System
| - Encourage healthy and environmental friendly method for sustainable food production.
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| 2.3 | Stimulating The Development Of Venture Capital Industry
5 Years Tax Exemption With Lower Conditions | - Encourage Venture Capitalists to invest in more start-ups.
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| 2.4 | Enhancing Tax Incentives For The Generation Of Energy From Renewable Sources
For Solar Energy | - Consider solar energy as the sustainable alternative.
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| 2.5 | Incentives For Listing Of Foreign Companies And Foreign Products In Bursa Malaysia
For Corporate Advisor | - Induce Corporate Advisors to promote Malaysia as the destination for sourcing of public funding.
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| 2.6 | Tax Exemption On Income Of Corporate Advisors On The Issuance And Trading Of Sukuk
For Qualified Institutions | - Promote Malaysia as the destination for Islamic instrument in public funding.
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| 2.7 | Improvement Of Reinvestment Allowance (RA)
Leakage Prevention & Streamlining | - Ensure proper business practice and corporate governance.
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| 3 | Corporate Social Responsibility (CSR) | Remarks |
| 3.1 | Extending The Scope Of Tax Deduction On Community Projects
Qualified Extension to Poverty & Environment | - Encourage sustainable corporate responsibility to increase competitiveness and eradication of the poor.
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| 3.2 | Increasing The Limit For Tax Deduction On Contributions
From 7% to 10% | - Encourage sustainable corporate responsibility to increase competitiveness and eradication of the poor.
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| 4 | Investment (Diversification of Business - New Business Venture) | Remarks |
| 4.1 | Enhancing Group Relief – Current Year Losses To Be Set-Off
From 50% to 70% | - Better tax benefits for group of companies to encourage diversification and expansion.
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| 4.2 | Enhancing Tax Incentives For Hotels In Sabah And Sarawak
Extended to 4 & 5 Stars Hotel | - Invest in the booming hospitality in East Malaysia.
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| 4.3 | Review Of Incentives For Real Estate Investment Trusts
Withholding Tax Rate Reduce to 10% | - Increase attractiveness of M-REIT regionally.
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Budget 2009 
