03/09/2026
New Industrial Master Plan (NIMP) 2023 offers reinvestment incentive with two tiers. Tier 1 providing Investment Tax Allowance (βITAβ) of 100% qualifying capital expenditure (βQCEβ) against 100% of statutory income and Tier 2 offering ITA of 60% QCE against 70% of statutory income. This incentive is designed to encourage existing companies to reinvest in high-growth and high-value activities.
Read our in-depth analysis in our latest publication here: https://www.tyteoh.com/incentive-for-reinvestment-under-new-industrial-master-plan-nimp-2030/
27/08/2026