The Government has made a strong stance in renewable energy targets by increasing the share of renewable energy in the electricity generation capacity mix to 70% by 2050. In line with Malaysia’s aspiration to be an inclusive, sustainable and carbon neutral nation by 2050, the Government had announced the revision of Green Technology Tax Incentive during the 2024 National Budget.
The revision of Green Technology Tax Incentives provides tax incentive based on tiering approach and categorised into three (3) categories as follows:
Based on the revision, the qualifying asset has been expanded to various list of assets while previous GITA Project for Own Consumption is combined with GITA Asset. Meanwhile, the qualifying activities for GITA Project for Business Purpose are expanded to cover new green technology projects namely green hydrogen, electric vehicle charging station and wind energy.
Green Technology Tax Incentive Guidelines - GITA Asset for Own Consumption Download
Application Form GITA Asset (MGTC GITA A) Download
The Person in Charge 1 of Green Incentives:
Name : Pn. Rosmah Bt Mamak Rapi
Email : rosmah@mgtc.gov.my
The Person in Charge 2 of Green Incentives:
Name : Pn. Siti Fatimah Noor Bt Saidin
Email : sitifatimah@mgtc.gov.my
The Person in Charge 3 of Green Incentives:
Name : En. Mohamad Hafiz Bin Hossen
Email : hafiz.hossen@mgtc.gov.my