Promotion of Investments (Criteria for the Grant of Investment Tax Allowance to a Small Company) Order 2008

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