- TOURISM
Incentive only for tourism activities
in places designated in the
ECER Master Plan
- Mainland Coastal Tourism
• Pantai Seri Tujuh
• Kuala Besut – Tembila
• Kg. Penarik – Merang
• Dungun
• Pantai Sepat
• Kuala Pahang
• Mersing
Cross Border Tourism
• Pengkalan Kubor
• Rantau Panjang
• Bukit Bunga
Urban & Cultural Heritage Tourism
• Kota Bharu City Centre
• Kuala Terengganu City Centre
• Pekan
• Lojing Highlands Urban Centre
|
Incentives given to owner or owner
operator of hotels & resorts:
(To qualify for these incentives, companies must commence
operations before 31 December 2015)
- 10 year income tax exemption or investment tax
allowance (ITA) amounting to 100% of qualifying capital expenditure
for 5 years
- Stamp duty exemption on land acquired for development
- Withholding tax exemption on royalty and technical
fees for 10 years
- Abolition of Real Property Gains Tax (RPGT)
- Import duty/sales tax/excise duty exemption on
hotel or resort equipment
- Overseas promotion double deductions - expenses
incurred for participation in promotional activities
overseas
- Tour operators – 100% tax exemption for
bringing in > 500 foreign tourists per year or
organise tourism packages for > 1,200 local tourists
per year
- Promotion of international conference & trade
exhibitions – 100% tax exemption from income
earned from bringing > 500 foreign visitors per
year
- Cultural performance – single deduction
on expenses for local performances RM300,000 –
RM500,000 per year and foreign performances RM200,000
per year
|
- Eco-tourism
• State Parks (Tasik Kenyir, Terengganu
Hills, Setiu Wetlands, Chini Lake,
Nenggiri & Stong Hills)
• Terengganu Global Marine Turtle Observatory
• Kuala Gandah Elephant Sanctuary
• Gua Musang Integrated Transport,
Rest & Recreational Centre
|
Project must qualify as tourism project with minimum
investment of RM5 million:
(To qualify for these incentives, companies must commence
operations before 31 December 2015)
- Income tax exemption for 5 years or ITA amounting
to 100% of qualifying capital expenditure for 5
years
|
- Hallmark Events
|
Incentives given to companies sponsoring the event:
(To qualify for these incentives, companies must commence
operations before 31 December 2015)
- Single deduction up to a maximum of RM1 million
per assessment year for sponsors
- Overseas promotion double deductions –
expenses incurred for participation in promotional
activities overseas
- Tour operators – 100% tax exemption for
bringing in > 500 foreign tourists per year or
organise tourism packages for >1,200 local tourists
per year
- Promotion of international conference & trade
exhibitions – 100% tax exemption from income
earned from bringing in > 500 foreign visitors
per year
- Cultural performance – single deduction
on expenses for local performances RM300,000
Note:
New incentive package specially designed for ECER projects are indicated in bold text.
For more information on current incentives, please refer to MIDA (www.mida.gov.my) |
