KLIFD Incentives

Excerpt from the 2012 BUDGET Speech by Prime  Minister, YAB Dato’ Sri Mohd Najib Tun Abdul Razak

FIRST FOCUS: ACCELERATING INVESTMENT

24. To accelerate the development of Kuala Lumpur International Financial District (KLIFD), the Government proposes the following incentive package:

First       :

Income tax exemption of 100% for a period of 10 years and stamp duty  exemption  on  loan  and  service  agreements  for KLIFD  status companies;

Second   :Industrial Building Allowance and Accelerated Capital Allowance for KLIFD Marquee Status Companies;  and
Third      :Income tax exemption of 70% for a period of 5 years for property developers in KLIFD.