What tax incentives are available for co. promoting export

Related Topics: | Marketing Advice | Exhibition & Trade Show |

What tax incentives are available for companies promoting export?

Under Section 41(3)] [Income Tax (Promotion of Exports) Rules 1986], it is stated that:

“Approved outgoing and expenses incurred by resident companies for the purpose of seeking opportunities, or in creating or increasing a demand, for the export of goods are eligible for double deductions.

These outgoing expenses are:-

(a) publicity and advertising expenses in any media outside Malaysia.

(b) expenses directly attributable to the provision of samples without charge to prospective customers outside Malaysia, including the cost on delivery of the sample;

(c) expenses directly attributable to carrying out export market research or the obtaining of export marketing information;

(d) expenses by way of fares in respect of travel to a country outside Malaysia by a representative of the company, being travel necessarily undertaken for the purpose of negotiating or concluding contracts for sale of goods on behalf of the company or for the purpose of participating in trade fairs or trade or industrial exhibitions approved by the Minister, and actual expenses, subject to a maximum of RM200 per day for accommodation and sustenance for the whole of the period commencing with the representative’s departure from Malaysia and ending with his return to Malaysia.

(e) expenses directly attributable to the provision of exhibits for trade fairs or trade or industrial exhibitions approved by the Minister (in particular, those organized by MATRADE & MIDA).”

I want help FreeAdvice

Please contact Alvin For Advertising & Sponsorship Information

FINMART FreeAdvice® is the leading business advisory site for business people doing business in Malaysia. It provides advice relating to most common business problems and to help business people to understand the way how business should be properly conducted, but is not a substitute for personal business advice from the respective professional and experts. You are welcome to view FINMART FreeAdvice® for your own personal, non-commercial purposes, and subject to our legal disclaimer and conditions of use.