The Malaysian Investment Development Authority (MIDA) has issued guidelines for the application of the new incentive for Reinvestment, introduced as part of the Budget 2024 for existing manufacturing and agricultural companies that have exhausted their Reinvestment Allowance (RA) incentive eligibility period.
The incentive is meant to encourage companies to increase capacity and investment in high-value activities under the New Industrial Master Plan (NIMP) 2030.
Read key points of the guidelines are summarised in Circular No. 84/2024 dated 19.8.2024:
Circular No. 84/2024
Singapore