Promotion of Investments (Criteria for the Grant of Investment Tax Allowance to a Small Company) Order 2008
In exercise of the powers conferred by section 29aa of the Promotion of Investments Act 1986 [Act 327], the Minister, with the concurrence of the Minister of Finance, makes the following order:
Citation and commencement
1. (1) This order may be cited as the Promotion of Investments (Criteria for the Grant of Investment Tax Allowance to a Small Company) Order 2008.
(2) This Order is deemed to have come into operation on 21 May 2003.
Criteria for the grant of investment tax allowance to a small company
2. (1) The criteria for the grant of investment tax allowance to a small company shall be as follows:
(a) the small company shall participate in a promoted activity or produce a promoted product and achieve at least fifteen percent value added in its activity or product; or
(b) the small company’s participation in the promoted activity or production of promoted product contributes towards the sosio-economic development of the rural areas in Malaysia.
(2) For the purpose of subparagraph (1), “value added” means total gross sales less cost of raw materials.
Made 22 August 2008
[MITI: ID/BI/S/0.1432 Jld. 4; PN(PU2)451/VI]
Tan Sri Dato’ Haji Muhyiddin bin Haji Mohd. Yassin
Minister of International Trade and Industry
Concurred 28 August 2008
Tan Sri Nor Mohamed Yakcop
Second Minister of Finance
Promotion of Investments (Criteria for the Grant of Pioneer Status to a Small Company) Order 2008
Promotion of Investments (Criteria for the Grant of Pioneer Status to a Small Company) Order 2008
In exercise of the powers conferred by subsection 6(1a) of the Promotion of Investments Act 1986 [Act 327], the Minister, with the concurrence of the Minister of Finance, makes the following order:
Citation and commencement
1. (1) This order may be cited as the Promotion of Investments (Criteria for the Grant of Pioneer Status to a Small Company) Order 2008.
(2) This Order is deemed to have come into operation on 21 May 2003.
Criteria for the grant of pioneer status to a small company
2. (1) The criteria for the grant of pioneer status to a small company shall be as follows:
(a) the small company shall participate in a promoted activity or produce a promoted product and achieve at least fifteen percent value added
in its activity or product; or
(b) the small company’s participation in the promoted activity or production of promoted product contributes towards the sosio-economic development
of the rural areas in Malaysia.
(2) In this Order, “value added” means total gross sales less cost of raw materials.
Revocation
3. The Promotion of Investments (Criteria for the Grant of Pioneer Status to a Small Scale Company) Order 1990 [P.U. (A) 196/1990] is revoked.
Made 22 August 2008
[MITI: ID/BI/S/0.1432 Jld. 4; PN(PU2)451/VI]
Tan Sri Dato’ Haji Muhyiddin bin Haji Mohd. Yassin
Minister of International Trade and Industry
Concurred 28 August 2008
Tan Sri Nor Mohamed Yakcop
Second Minister of Finance
In exercise of the powers conferred by subsection 6(1a) of the Promotion of Investments Act 1986 [Act 327], the Minister, with the concurrence of the Minister of Finance, makes the following order:
Citation and commencement
1. (1) This order may be cited as the Promotion of Investments (Criteria for the Grant of Pioneer Status to a Small Company) Order 2008.
(2) This Order is deemed to have come into operation on 21 May 2003.
Criteria for the grant of pioneer status to a small company
2. (1) The criteria for the grant of pioneer status to a small company shall be as follows:
(a) the small company shall participate in a promoted activity or produce a promoted product and achieve at least fifteen percent value added
in its activity or product; or
(b) the small company’s participation in the promoted activity or production of promoted product contributes towards the sosio-economic development
of the rural areas in Malaysia.
(2) In this Order, “value added” means total gross sales less cost of raw materials.
Revocation
3. The Promotion of Investments (Criteria for the Grant of Pioneer Status to a Small Scale Company) Order 1990 [P.U. (A) 196/1990] is revoked.
Made 22 August 2008
[MITI: ID/BI/S/0.1432 Jld. 4; PN(PU2)451/VI]
Tan Sri Dato’ Haji Muhyiddin bin Haji Mohd. Yassin
Minister of International Trade and Industry
Concurred 28 August 2008
Tan Sri Nor Mohamed Yakcop
Second Minister of Finance
Promotion of Investments (Promoted Activities and Promoted Products for Selected Industries) Order 2008
In exercise of the powers conferred by section 4d of the Promotion of Investments Act 1986 [Act 327], the Minister, with the concurrence of the
Minister of Finance, makes the following order:
Citation and commencement
1. (1) This order may be cited as the Promotion of Investments (Promoted Activities and Promoted Products for Selected Industries) Order 2008.
(2) Item (i) of the Schedule is deemed to have come into operation on 20 October 2001.
(3) Item (ii) of the Schedule is deemed to have come into operation on 21 September 2002.
(4) Item (iii) of the Schedule is deemed to have come into operation on 13 September 2003.
(5) Item (iv) of the Schedule is deemed to have come into operation on 1 October 2005.
(6) Item (v) of the Schedule is deemed to have come into operation on 8 September 2007.
Promoted activities and promoted products
2. The activities and products listed in the Schedule are determined to be promoted activities or promoted products for selected industries.
Schedule
PROMOTED ACTIVITIES ANDPROMOTED PRODUCTS FOR SELECTED INDUSTRIES
(I) Machinery and equipment
(1) Machine tools
(2) Plastic injection machines
(3) Material handling equipment
(4) Robotic and factory automation equipment
(5) Parts and components for machine tools, plastic injection machines, material handling equipment and robotic and factory automation equipment
(ii) Specialised machinery and equipment
(1) Specialised or process machinery or equipment for specific industry
(2) Packaging machinery
(3) Plastic extrusion machinery
(4) Parts and components for specialised or process machinery or equipment for specific industry, packaging machinery and plastic extrusion machinery
(iii) Oil palm biomass
(1) Utilisation of oil palm biomass to produce value added products
(iv) Renewable energy
(1) Generation of renewable energy
(v) Conservation of energy
(1) Conservation of energy
Made 22 August 2008
[MITI: ID/BI/S/0.1432/1; PN(PU2)451/VI]
Tan Sri Dato’ Haji Muhyiddin bin Haji Mohd. Yassin
Minister of International Trade and Industry
Concurred 28 August 2008
Tan Sri Nor Mohamed Yakcop
Second Minister of Finance
In exercise of the powers conferred by section 4d of the Promotion of Investments Act 1986 [Act 327], the Minister, with the concurrence of the
Minister of Finance, makes the following order:
Citation and commencement
1. (1) This order may be cited as the Promotion of Investments (Promoted Activities and Promoted Products for Selected Industries) Order 2008.
(2) Item (i) of the Schedule is deemed to have come into operation on 20 October 2001.
(3) Item (ii) of the Schedule is deemed to have come into operation on 21 September 2002.
(4) Item (iii) of the Schedule is deemed to have come into operation on 13 September 2003.
(5) Item (iv) of the Schedule is deemed to have come into operation on 1 October 2005.
(6) Item (v) of the Schedule is deemed to have come into operation on 8 September 2007.
Promoted activities and promoted products
2. The activities and products listed in the Schedule are determined to be promoted activities or promoted products for selected industries.
Schedule
PROMOTED ACTIVITIES ANDPROMOTED PRODUCTS FOR SELECTED INDUSTRIES
(I) Machinery and equipment
(1) Machine tools
(2) Plastic injection machines
(3) Material handling equipment
(4) Robotic and factory automation equipment
(5) Parts and components for machine tools, plastic injection machines, material handling equipment and robotic and factory automation equipment
(ii) Specialised machinery and equipment
(1) Specialised or process machinery or equipment for specific industry
(2) Packaging machinery
(3) Plastic extrusion machinery
(4) Parts and components for specialised or process machinery or equipment for specific industry, packaging machinery and plastic extrusion machinery
(iii) Oil palm biomass
(1) Utilisation of oil palm biomass to produce value added products
(iv) Renewable energy
(1) Generation of renewable energy
(v) Conservation of energy
(1) Conservation of energy
Made 22 August 2008
[MITI: ID/BI/S/0.1432/1; PN(PU2)451/VI]
Tan Sri Dato’ Haji Muhyiddin bin Haji Mohd. Yassin
Minister of International Trade and Industry
Concurred 28 August 2008
Tan Sri Nor Mohamed Yakcop
Second Minister of Finance
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