GITA Project
For Business Purposes
Expanded qualifying activities covering new green technology projects including green hydrogen, electric vehicle charging stations and wind energy.
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In 2024 alone, MGTC's Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) schemes generated a combined RM74.688 billion in returns for Malaysian industries — a record achievement in green-sector financing.
The Government has made a strong stance in renewable energy targets by increasing the share of renewable energy in the electricity generation capacity mix to 70% by 2050. In line with Malaysia's aspiration to be an inclusive, sustainable and carbon neutral nation by 2050, the Government had announced the revision of Green Technology Tax Incentive during the 2024 National Budget.
The revision of Green Technology Tax Incentives provides tax incentive based on tiering approach and categorised into three (3) categories as follows:
Based on the revision, the qualifying asset has been expanded to various list of assets while previous GITA Project for Own Consumption is combined with GITA Asset. Meanwhile, the qualifying activities for GITA Project for Business Purpose are expanded to cover new green technology projects namely green hydrogen, electric vehicle charging station and wind energy.
Expanded qualifying activities covering new green technology projects including green hydrogen, electric vehicle charging stations and wind energy.
Qualifying assets have been expanded to a wider list, with the previous GITA Project for Own Consumption now combined with GITA Asset.
Green Income Tax Exemption for solar leasing activities, supporting Malaysia's transition to renewable energy.