Government Scheme

     
     
       
     

    How does NEM works?

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    Read More NEM Gomen
    Read More NEM Nova
     
     
    The Government has introduced the Net Energy Metering Scheme in November 2016 with quota allocation of 500 MW
    up to year 2020 to encourage Malaysia’s Renewable Energy (RE) uptake. The concept of NEM is that the energy
    produced from the solar PV installation will be consumed first, and any excess will be exported to TNB at prevailing
    displaced cost.
     
     

    Green Investment Tax Allowance (MITI)

    Green Investment Tax Allowance (GITA) of 100% of qualifying capital expenditure incurred on approved green technology asset from the year of assessment 2014 (date on which the first qualifying capital expenditure incurred is not earlier than 25th October 2013) until the year of assessment 2020.
     
     

    Interest Subsidy from Greentech FundGomen

    Funding will be provided for any project that qualify the PFI requirements and meets green technology project criteria under GTFS program. Evidences of proven business model and technology may be required to ensure that only viable projects will be funded.
     
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    Low interest loan from agro bank
    for agricultural industry

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    MIDF for service industry

    Access to finance is a fundamental need for business seeking new opportunities or expansion plans. Oil and Gas Services and Equipment (OGSE) companies can find out more about grants, loans and government tax incentives to become more competitive for future growth in both domestic and regional markets.
     
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    Capital Allowance (LHDN)

    Is given as a deduction from business income in place of depreciation expenses incurred in the purchase of business assets. Examples of assets used in a business are motor vehicles, machines, office equipment, furniture, and computers. Conditions for claiming capital allowance are:
     
    • Operating a business
    • Purchase of business assets
    • Assets are being used in the business
    • Owner of the assets




     
     

    Matching grant from Malaysia
    rubber council (MRC)

    Is given as a deduction from business income in place of depreciation expenses incurred in the purchase of business assets. Examples of assets used in a business are motor vehicles, machines, office equipment, furniture, and computers. Conditions for claiming capital allowance are:
     
    • To encourage the rubber product industry to adopt automation and green technology to enhance the industry’s competitiveness
    • To alleviate labour shortage problem in the rubber product industry
    • To promote the adoption of green technology towards achieving sustainability in the rubber product industry
     
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