EXTENSION OF GREEN INVESTMENT TAX ALLOWANCE (GITA) & GREEN INCOME TAX EXEMPTION (GITE) UNTIL 2023
The Government had announced the extension of the Green Investment Tax Allowance (GITA) for the purchase of green technology assets and Green Income Tax Exemption (GITE) on the use of green technology services until 2023.
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GREEN TECHNOLOGY TAX INCENTIVE GUIDELINES GREEN INVESTMENT TAX ALLOWANCE (GITA) AND GREEN INCOME TAX EXEMPTION (GITE) |
21.03.2022
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GREEN INCOME TAX EXEMPTION (GITE) SOLAR LEASING
The scope of GITE has also been extended to companies implementing solar leasing activities under the Net Energy Metering (NEM) Program which is also known as the Registered Solar PV Investor (RPVI) with SEDA Malaysia.
In conjunction to that, SEDA Malaysia through Malaysian Investment Development Authority (MIDA) is pleased to inform that the GITE Solar Leasing is now open for application until 31st December 2023.
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GUIDELINES ON APPLICATION FOR INCENTIVE AND/OR EXPATRIATE POSTS FOR GREEN TECHNOLOGY (GT) |
23.08.2021 |
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APPLICATION TO MIDA FOR GITE SOLAR LEASING
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TECHNICAL VERIFICATION FROM SEDA MALAYSIA FOR GITE SOLAR LEASING
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1/01.10.2022 |
*Note: Qualifying Company which has undertaken GITE Solar Leasing project(s) and has issued the first invoice before application made to MIDA is not eligible for this incentive. However, special exemption is given to application that has already issued the first invoice starting 1st January 2020. The special exemption is only valid for application received by MIDA before 19th December 2022.
Green Technology Financing Scheme 2.0 (GTFS 2.0)
GTFS is a financing scheme offered to investors which is supported by the government offering a 2% p.a. interest/profit rate subsidy for the first seven years and 60% government guarantee of green component cost to financial institutions.
For more information please visit : https://www.gtfs.my/