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SEDA Renewable Energy Incentive
- GITA (green investment tax allowance) will be extended to 2023.
- GITA (Green Investment Tax Allowance) is among the Malaysian governmentâs initiative to emphasize the importance for Renewable Energy (RE) generation to support the development of the green technology sector (MIDA Investment Performance Report, 2019)
- Company incorporated under the Companies Act 1965 / 2016.
- Company investing in projects specifically for sustainability and green environment.
- Investment Tax Allowance (ITA) of 100% of qualifying capital expenditure (QCE)
- The ITA can be utilized to offset against 70% statutory income
