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HDC Incentives

Halal Parks Operators

 In an effort to promote the attractiveness of the Halal Parks, the following incentives are recommended:

  1. Full income tax exemption for a period of 10 years or 100% income tax exemption on capital expenditure for a period of 5 years
  2. Exemption from import duty on equipment, components and machinery used directly in the Cold Room Operations in accordance to prevailing policies.

 

Halal Industry Players (manufacturers)

In an effort to increase Malaysia’s competitiveness in the Global Halal Market particularly for inward and outward investment into the country, it is proposed that incentives be granted to companies operating in the designated Halal Park.

  1. 100% income tax exemption on capital expenditure for a period of 10 years or income tax exemption on export sales for a period of 5 years
  2. Exemption from import duty on raw materials used for the development and production of halal promoted products
  3. Double deduction on expenses incurred in obtaining international quality standards such as HACCP, GMP, Codex Alimentarius (food standard guidelines of FAO & WHO), Sanitation Standard Operating Procedure and regulations for compliance for export markets such as Food Tracebility from farm to fork

 

Halal Logistics Service Providers

In an effort to promote Halal Industry and Halal supply chain in Malaysia, the incentives are broaden up to the logistic operators. The recommended incentives are:

  1. Full income tax exemption for a period of 5 years or 100% income tax exemption on capital expenditure for a period of 5 years
  2. Exemption from import duty on equipment, components and machinery used directly in the Cold Room Operations in accordance to prevailing policies.


For more information, kindly contact Halal Park team
 

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