Govt proposes for investment tax allowance of 70% or 100%

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Govt proposes for investment tax allowance of 70% or 100%
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KUALA LUMPUR: The government plans to provide an investment tax allowance on a tiered basis of 70 per cent or 100 per cent. Prime Minister Datuk Seri ...

: The government plans to provide an investment tax allowance on a tiered basis of 70 per cent or 100 per cent.

“It will stimulate companies to generate economy through investment in high-growth and high-value fields and further create new economic clusters, expand domestic networks and balance economic and environmental sustainability,” he said when tabling Budget 2024 in the Dewan Rakyat today.

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