CPA Group Strengthens its Specialist Tax Team

CPA Group’s taxation services is divided into two (2) major services, namely, Investigation and Audit services, and Tax Compliance services. To enhance the quality of the services that is provided, CPA Group has put up a specialist team, consisting of qualified professionals working in tandem with retired senior IRB members.
Increased vigilance by IRB officials has made it imperative that our taxation team is armed with the required knowledge and connections, needed to achieve the desired outcome.

Special Voluntary Disclosure Program (SVDP)

What is “Special Voluntary Disclosure Program”?

New special voluntary disclosure programme (SVDP) which was announced by the Minister of Finance during the Budget 2019, to encourage taxpayers to voluntarily disclose their previous undeclared income accurately and to settle tax arrears, if any.
SVDP provides taxpayers with an opportunity to report and pay Malaysian tax on undeclared income.

Period of Disclosure?

“3rd November 2018 until 30th June 2019”

What Are The Guarantee?

The IRB will accept the voluntary disclosures in good faith, where a further review will not be made on the information disclosed by the taxpayer.

Things Covered Under This Program

The IRB has issued operational guidelines on the implementation of the SVDP and applies to taxpayer with unreported income under the following act:
Income Tax Act (ITA) and the Petroleum Income Tax Act (PITA);
Real Property Gains Tax Act (RPGTA) for disposal of property or disposal of shares in real property company;
Stamp Act for instruments not stamped after six (6) months from the due date for stamping; and
Where tax audits or tax investigations have commenced.
*All taxpayers (Both Malaysian tax residents and non-residents) are eligible.

SVDP Penalty Rates On Additional Tax

1. Introduction of Malaysia Tax System

Malaysia Tax System
Malaysia practices the self-assessment system whereby the burden of calculating the tax-payers liability is the responsibility of the taxpayer and not the IRB. This means tax returns are not subjected to detailed review by IRB and the onus is exclusively on the taxpayer to make sure that his tax returns are completely accurate.

The reason behind this arrangement is to instill the culture of voluntary compliance onto tax payers while reducing the workload of the IRB Department so that more time can be channeled to higher risk areas in order to avoid potentially significant loss of revenue.

A consequent of this system would be stricter IRB enforcement for non- tax compliances, with heavier penalty provisions for tax offenders.

2. Taxation Services

I. Tax Investigation and Audit

(a) Tax Investigation
Tax investigation is an examination of taxpayer’s business and / or individual books, records and documents and is carried out in cases based on precise and definite evidence that the taxpayer is deliberately trying to avoid paying tax or has committed an act of willful evasion.

Investigation case may be selected using various methods such as:

  • Risk analysis
  • Information from informer
  • Review of Income Tax Return
  • Intelligence Information
  • Information from other law information agencies

The Tax Investigation Process Can Be Summarized As Follows:-

  • A Surprise Visit to the taxpayer’s premise by tax officers
  • The examination of documents & recording of statements from parties in the premises
  • The Finalisation of the tax investigation
  • Cases that warrants prosecution will be forwarded to the legal department for further action


Client Advisor Meeting
We will arrange a meeting with client for discussion about THE TAX PROBLEM. At the meeting, we will provide detailed briefings about the whole tax investigation process along with useful advice.
Examination And Analysis Of Client’s Documents And Records
A Special Team will be set up to study the company’s accounts, audit reports along with other relevant documents.
Preparation of Capital Statement
After care study of our client’s documents, the team will prepare  a series of balance sheets showing assets and liabilities on a cash basis at each year end.

The ideal situation would be that assets and liabilities would reconcile with profit and income but discrepancies could represent omitted taxable income – unless satisfactory explanations are provided.

At the end of the day the capital statement must be well prepared and supported with an appeal letter to justify the discrepancies found in the records.

1.Why Capital Statement

In larger tax investigation cases, when there is difficulty in obtaining income records for earlier years, IRB may require a so-called capital statement to be prepared.

It is IRB’s systematic way to look for undisclosed income for individual periods using a capital/income/expenditure reconciliation method.

The process is based on the premise that income which has been hidden away will, over time, surface as assets in tangible forms such as landed property, stocks and shares, cars, jewelry etc.

The rationale – when a person accumulates wealth in the course of a year, he either invests it in assets or spends it.

If there is an increase of net worth over the year, this represents taxable income. Consequently, IRB’s formula looks at the person’s increase in net worth over a year.  To this, is added expenses, that are not tax deductible, including living expenses.

The result is income for the year, which should have been reported.

Compare this with what was reported and the IRB would have a figure, which represents understated income.

The use of this formula is then repeated over a number of years so that IRB will be able to determine the underestimation of income over those years.

IRB is empowered by case law to make estimates of a taxpayer’s living expenses using all available evidence including third party verification.


In actual practice, the preparation of CAPITAL STATMENT is laborious and time consuming and must be carried out by professional tax accountants.

There would be exhaustive line byline examination of bank statements, financial statements to creditors and other relevant documents evidencing asset purchases or other spending.

A series of balance sheets showing assets and liabilities of a taxpayer on a cash basis at each year end would have to be made.

The ideal situation would be that assets and liabilities would reconcile with profit and income and any discrepancy could represent omitted taxable income – unless there are satisfactory explanation.

At the end of the day the capital statement must be well prepared and supported with an appeal letter to justify any discrepancies found in the records.

3.Need our Services?  We offer

  • Quick and reliable transfer of your personal financial information into our specially designed system for Capital Statements
  • Identifying your taxable income in prepared statements for the years under review
  • Identify items which require additional careful inquiry and justification before the submission of the Capital Statement to the IRB
  • Meeting and presentation to analyse your Capital Statement
  • Liaising ( written & oral ) with IRB on your behalf
  • Meetings with IRB , to negotiate and finalise your Capital Statement
  • Submission of your Capital Statement to the Inland Revenue Department
  • Pre-emptive preparation of periodical or annual capital statements regardless of whether they have been requested by IRB or not.


Liaising (oral & writing) with IRB
We will arrange a series of meetings between our Tax Team with IRB officials.  Oral and  written communication to IRB is part and parcel of our work of providing important information, clarifications or explanations to IRB. This would be followed with regular updates to our client.

Meeting With IRB Officer For Best Possible Outcome
The final part of our service would be the MEETING between our Tax Team and IRB. The Team would further explain and clarify issues raised by IRB officer(s) and at the end of the day, we will seek to negotiate for solutions for the best possible outcome for our client.
(b) Tax Audit


A  taxpayer can be selected for tax audit at any time  but it does not necessarily mean that an offence had been committed!
Under the Malaysian Self-Assessment System, the tax audit seeks to encourage voluntary compliance by tax payers.

Thus, your selection could be due to one of the following reasons :-

1.Risk analysis through the computerized system
2.Third Party Information
3.Specific Industry
4.Specific Issues for a certain group of taxpayers


IRBM wants to examine your tax return a little more closely and to verify that your income and deductions are accurate.

Generally – 1  year 
A period up to 5 years may be extended based on  the issues uncovered during an audit.
The 5 year time limit is not applicable in cases relating to fraud and tax evasion whether intentional or unintentional

1.Do be co-operative, well mannered, fair, honest and act with integrity;
2.Do provide reasonable facilities and assistance to enable the audit officer to carry out his duties such as

(a)Access to information, records, documents, books of accounts in the physical and /or electronic medium  and making them available  for examination;

(b)Explanation regarding the business, the accounting and information systems

(c)Permission to examine and make copies of records, documents and books of accounts whether in the physical and / or electronic medium;

d)Providing the use of copiers, telephone or other communication equipment, lighting and power, office space, furniture and providing facilities for copying of electronic records onto tapes, disks or diskettes.

3.Don’t obstruct or hinder the audit officer in the exercise of his functions.
4.Don’t obstruct or refuse an audit officer from entering lands, buildings, places and premises to perform his duties.

Tax Agent / Representative

1)Appoint a professional  tax agent  to handle  tax audit cases as the tax agent is required to be fully conversant with tax laws and practices.

2)The conduct of a tax agent is governed by the code of ethics formulated by IRBM based on the principles of integrity, accountability, transparency and social responsibility.

3)Your Tax Agent will  give complete and accurate feedback relating to the progress of an audit and advise accordingly on the  facts of the audit case;

Field Audit
Venue: Taxpayer’s Premise

Involves the examination of the taxpayer’s business records.
A taxpayer will be given notice before a field audit

Desk Audit
Venue : IRBM’s office.

  • Documents are requested & sent by taxpayer to IRBM for checking
  • Straightforward issues or tax adjustments
  • Easily dealt using correspondence.
  • Interview at IRBM’s office if more information required.
  • Checking all information on income and expenses and various types of claims made by a taxpayer in his income tax return

Understatement or Omission of Income :



Appeal :

1)A taxpayer can appeal against an assessment as a result of a tax audit.

2)The appeal must be made to the Special Commissioners of Income Tax within 30 days after the service of the notice of additional assessment.

Payment Procedure :

(a) Payable to the DGIR through any appointed bank or any Collection Branch of IRBM.

(b) If the taxpayer is unable to make full payment of tax, IRBM may consider the taxpayer’s application for settling the total tax liability by instalments, for a predetermined period.

(c) Application for instalment payment scheme must be submitted to the relevant Branch Director of IRBM for approval.

(d) If taxpayer fails to adhere to the instalment payment scheme agreed upon, late payment penalty on the balance of tax outstanding will be imposed.

(c) Tax Appeal
Under provision Section 99 of the Income Tax Act 1967, taxpayers are allowed to file an income tax appeal if they are dissatisfied with their income tax assessments due to reasons such as,

  • Personal reliefs were not given by IRB
  • Omission of claims for certain expenses/reliefs
  • Errors made during assessment issued by IRB
  • Late tax filing by tax payer leading to additional assessment ( more tax ) imposed by IRB

Filing an Appeal

A written tax appeal must be made within 30 days from the date of the notice of assessment to the IRB branch which issued the assessment along with the requirement to fill in IRB’s appeal form (Form Q).

Taxpayer needing more than 30 days to file the appeal need to apply for an extension of time by using Form N.


Tax Appeal Letter
Our team of experience professional can assist you in writing a proper income tax appeal letter



Identifying the types of mistakes (e.g. expense claimed, deductions, and exemptions) and supported by documentary proof.

We will assist and follow up in cases of queries or request for additional information or clarification from IRB.


Appeal Settlement
Finally a meeting is arranged with the IRB officer(s) in charge of the case for discussion for the best possible outcome. The appeal may be settled by agreement between the taxpayer and IRB.


If the taxpayer is not satisfied with the IRB’s decision, the appeal will be passed and handled by an independent tribunal (Special Commissioners of Income Tax).

II. Tax Compliance

Company Tax
Company tax estimates are filed 30 days before the beginning of basis period and cannot be less than 85% of the latest estimate of the tax payable for the previous year of assessment. Two revisions of this estimate is permitted in a financial year.

Reduction in the income tax rate based on the percentage of increase in chargeable income as compared to the preceding Year of Assessment (“Y/A”)

Paid-Up Capital

at the beginning of the basis period

above RM2.5 million

Tax rate (%)


2017 &2018

Chargeable income as per last year



Increase in chargeable income –
1 Increase between 5% to 10%


2 Increase between 10% to 15%


3 Increase between 10% to 20%


4 Increase above 20%



Individual Tax
The annual tax declaration by taxpayer can be done electronically by e-filing directly to the Inland Revenue or by monthly tax deduction of salary by his employer.

On the downside however, incorrect filing of the tax returns may attract tax audit on your tax account resulting into uncomfortable enquiries and the imposition of enquiries by IRB. Furthermore, there are deadlines to meet and penalties would be imposed on late submission.

Filing your tax returns, making payments and negotiating with the tax authorities need not be a hassle. Our tax professionals would be only too happy to assist you with all your corporate and personal tax needs.

Tax Year

1 January to 31 December. Income tax returns must be filed before 30 April of the following year.

Residency for Income Tax Purposes

Individuals fulfilling these criteria are liable to pay tax
(a) If  the individual has been in Malaysia for 182 days in a calendar year.
(b) If an individual has been in Malaysia for less than 182 days in a calendar year, but was in the country for a total of 182 consecutive days linked to days from the year immediately preceding or following that calendar year.
(c) If an individual has been in Malaysia for at least 90 days in a calendar year and in three of the four preceding years.
(d) If an individual is resident in Malaysia in the year following and the three preceding the one being taxed.
(e) People who spend less than 182 days per year in the country are classed as non-residents and are taxed differently.




Year of Assessment        

 ( “Y/A” )

Tax Payable (%) Tax Payable

 ( RM )

2016 onwards
1-5,000 0 0
5,001-20,000 1 150
20,001-35,000 5 900
35,001-50,000 10 2,400
50,001-70,000 16 5,600
70,001-100,000 21 11,900
100,001-250,000 24 47,900
250,001-400,000 24.5 84,650
400,001-600,000 25 134,650
600,001-1,000,000 26 238,650
Exceeding 1,000,000 28

III. Other Tax Services

Other Tax Services
Additional tax services that you might be interested are:

  • Application for New Employer Tax file Number upon incorporation of a new company
  • Application for New Employee Tax file Number upon incorporation of a new company
  • Preparation of tax computation and timely submission of tax returns to IRB
  • Preparation and submission of Form E ( Employer’s annual declaration of staff ‘s income )
  • Preparation of Form EA ( Employee’s annual income statement for his / her tax filing)
Tax Planning
Planning is the key to successfully and legally reduce your tax liability in addition to get the very best of possible returns on your investments.

We proactively recommend tax saving strategies to maximize your after-tax income. Businesses and individuals should pay the lowest amount of taxes allowable by law as we continually look for ways to minimize your taxes throughout the year, not just at the end of the year. We will recommend Tax Saving Strategies that help you save.

Annual Tax Budget Updates
Often times, tax rulings and laws do change and takes effect after the annual tax budget tabled by the government had been gazette.

IRB, in tandem with the application of these changes, would issue out “public rulings” to guide the public on the correct tax computations.

The public may overlook these important changes, but we do monitor them closely and regularly send our staff to attend various seminars and workshops conducted by IRB and various bodies (e.g. Malaysian Institute of Accountants , Chartered Tax Institute of Malaysia) to ensure that our tax computations are accurate , up to date and in sync with the latest developments.

3. Other Tax Information

I. Tax Incentives

Tax Incentives

Thinking about applying Tax Incentives to reduce taxable income?

Whether new set-ups, established companies, small and medium sized companies or large and multinational companies, there are numerous of tax incentives that are offered in Malaysia. They differ according to the different industries and change with the annual budget announced by the Government.

  • The Malaysian Investment Authority ( MIDA ) has identified a long list of activities and manufactured products which qualifies for either tax incentives.
  • This list of “promoted activities” and “promoted activities is under constant review and is updated from time to time to be in line with the latest investment policies of the government. ( Refer to MIDA’s website at for a full list )
Pioneer Status & Investment Tax Allowance
  • Pioneer Status (PS) – Suitable for projects with shorter gestation period & lower capital expenditure
  • Investment Tax Allowance (ITA) – Suitable for projects with longer gestation period & high capital expenditure

Both are mutually exclusive;  The investor can only choose to apply for either one or the other

Pioneer Status (5 to 10 Years) –

  1. Income Tax Exemption of  70%-100% of Statutory Income
  2. Exemption starts from Day 1 of Production Day  ( reaches 30% of  its capacity )
  3. Unabsorbed capital allowances and  capital losses can  be carried forward  and deducted from the post pioneer income.

Investment Tax Allowance (5 to 10 Years) –

  1. 60 – 100 % Allowance on its qualifying capital  expenditure (QCE) . Examples of QCE Factory, plant, machinery or other equipment use for the approved project
  2. Can offset ITA against 70% of Statutory   Income
  3. Unutilised ITA can be carried forward until fully utilised

Overall Application Flow

Reinvestment Allowances




Principal Hub

What is a Principal Hub?

A Principle Hub is defined as a locally incorporated company that uses Malaysia as its base for managing, controlling and supporting key functions in order to run regional and global businesses operations.

These operations include the centralization of risks management, decision making and strategic business activities into areas such as trading, finance, management and human resources.

It is envisaged that the Principal Hub incentives will replace the existing International Procurement Centre (IPC), Regional Distribution Centre (RDC) and Operational Headquarters (OHQ) incentive schemes, which will be officially phased out.

To this end, Malaysia has specially designed its principal hub to facilitate MNCs to be closer to their customers and supply chains while leveraging on the country’s fiscal and non-fiscal benefits.

How to qualify to be a Principle Hub

(a) Incorporate A Company  In Malaysia  with Minimum Paid Up Capital > RM2.5 million
(b) Project Minimum Annual Sales of RM300 million ( additional requirement for goods-based applicant company )
(c) Your Principal Hub must serve & control its own network of companies in at least 3 countries outside of Malaysia.
Network Companies refers to related companies or any entity within the group including subsidiaries, branches, joint ventures, franchises or any other company associated to the applicants supply chain and business with contractual agreements.
(d) The Hub must create at least 15 high value jobs, including 3 strategic/management positions.
The minimum monthly salary for high value jobs must be at least RM5K per month and as for key strategic position, RM25K per month.
(e) The Hub must Carry out as a minimum 3 Qualifying services, one of which , must be from the strategic services cluster listed below;

Strategic Services

( must select at least one )

Business Services Shared Services
Regional P&L Business Unit Management Bid & Tender Management Treasury & Fund Management Corporate Training & HR Management
Strategic Business Planning & Corporate Development Project Management Sales & Marketing Finance & Accounting
Brand / IP Management Technical Support & Advisory Business Development General Administration
Corporate Finance Advisory Services  

Strategic Sourcing, Procurement & Distribution


Information Management & Processing IT Services
Senior Level Talent Acquisition Management Research, Development & Innovation Economic / Investment Research Analysis
  Logistic Services

Malaysia’s Non-Fiscal Benefits

  • Supply Chains streamlined for profits

Principle Hub can increase profit across the value chain due to business process improvements and efficiencies achieved in eliminating duplicative functions across its value chain and a centralized approach to expanding business in the different parts of the world. It Improves operational efficiency, promotes product/service quality, lowers costs and minimise risks.

  • Optimizing ,sharing of resources and experience among group companies

 The Hub allows better integration and coordination within the group structure to ensure consistency in product and service standards. (Examples: – management, accounting, payroll, logistics, quality control & technology)

  • Lower Production & Operational Costs

Customs Duties exemption on raw materials, components or finished goods brought into government approved locations for production and/or repackaging before final distribution to its customers.

  • Greater Exercise of Control

There is no local equity / ownership requirement.

  • Greater Flexibility in the Recruitment of Foreign Talent

 Employment of expatriate posts is permitted and this will be based on business plan and current policy.

  • Improve Cash Flow and Treasury Management

 Foreign exchange administration flexibilities allowed in support of business efficiency and competiveness.

 Low Corporate Tax Rate extend

Your company may be eligible to enjoy zero to very low special tax rates for a period of 5 years, depending on a 3- tier- system of rates.
The qualifying rate which could be even be prolonged to an extra 5 years subject to certain qualifying conditions.
Your company could belong to either one of these 3 tiers.

Features Tier 1 Tier 2 Tier 3
3-Tier Tax Rate 0% 5% 10%
Years 5 +  5 5 + 5 5 + 5

High Value Job Creation


Employees with salary of RM5K monthly


At least 50% must be Malaysian by the end of year 3.


50 Jobs:

Base Commitment +20%

30 Jobs:

Base Commitment +20%

15 Jobs:




Including Key Employees holding strategic/management positions


Min salary of RM25K monthly

5 4 3
Min Annual Business Spending Required RM


Base Commitment +30% RM5M Base Commitment


RM3M Base




Qualifying Services


Company is to be the Planning , Control & Reporting Centre for qualifying services


One of these must be from the strategic services

Regional P&L + 2 Regional P&L +2 Strategic +2
Serves & control network companies in at least 3 companies other than Malaysia. 5 4 3
Use of Local ancillary services & facilities Local financial Institutions, logistics, legal and arbitration services, finance  & treasury services
Trading of Goods annual sales turnover ( this is an additional requirement for goods based applicant company RM300 Million

Application Deadline:   Until 30th April 2018

Why Iskandar Malaysia

 Iskandar Malaysia is an ideal place to set up a Principle Hub due to its strategic location within the Johor Singapore-Indonesia (JSI) Triangle.

Many organizations are also recognizing the potential of Iskandar Malaysia being the perfect location that would allow them to tap into the Singapore / International market which is only about 40-45 minutes’ drive to the Singapore Central Business District and Changi Airport.

Changi Airport serves some 100 airlines flying to over 300 cities in about 70 countries and territories worldwide whereas Senai Airport in Iskandar Malaysia serves 5 airlines flying to over 19 destinations and across the continents via KLIA

Iskandar offers state-of-the-art physical infrastructure and a world-class business environment like excellent logistical facilities, cyber cities, and central business administration

EduCity in Nusajaya, Iskandar is home to a myriad of global education institutions that will also bring in academic facilities that will support Principal Hubs in Iskandar Malaysia.


II. Allowances

Capital Allowance - Business Asset
  • The purpose of capital allowance is to provide a relief for wear and tear of fixed assets for businesses. Some examples are motor vehicles, machines, office equipment’s and furniture.
  • Capital allowances comprise an initial allowance and annual allowance and is given for each year until the capital expenditure has been fully written off, unless the fixed asset is sold, scrapped or disposed, in which case a balancing allowance or balancing charge will be calculated
  • Initial allowance is fixed at the rate of 20% based on the original cost of the asset at the time when the capital expenditure is incurred.
  • However annual allowance is a flat rate given every year based on the original cost of the asset.
  • Claims for capital allowance are deducted against adjusted income of the company.
Type Of Asset Initial Allowance (%) Annual Allowance (%)
Heavy Machinery / Motor Vehicle 20 20
Plant and Machinery 20 14
Computer and ICT Equipment 20 10
Others 20 10
  • Other than a motor vehicle licensed by the appropriate authority for commercial transportation of goods or passengers, the qualifying plant expenditure incurred for 2nd hand vehicles shall be restricted to a maximum of RM50,000 only.
  • The restricted amount for qualifying plant expenditure for non-commercial motor vehicles,  has increased to RM100,000 on condition that the motor vehicle bought is a new motor vehicle, and the on the road purchase price does not exceed RM150,000. ( For more than RM150k, the restricted amount is RM50k )
Capital Allowance - Automation Expenditure

Manufacturing Companies that  incurs automation expenditure are eligible for additional capital allowance under the following criteria :

1. The company has been operating for at least 36 months prior to incurring the capital expenditure in the relevant year of assessments

2. Automation equipment must be

  • used directly in the manufacturing activities
  • Able to increase productivity e.g. reducing man hours, reducing workers and increasing volume of output
  • Using more advance technology than current ones
  • Verified by SIRIM
  • Approved by MIDA
 Type of Industries  Description Capital Allowance
High labour  intensive oRubber products





200% is allowed on the first RM4 million expenditure incurred from Y/A 2015 until Y/A 2017
Others 200% on first RM2 million incurred from Y/A 2015 to Y/A 2020


Industrial Building Allowances

The incentive

Tax incentives are given at the rates of 10% and 3% respectively for initial and annual allowances respectively. However higher rates are available for certain types of expenditures.

What is an industrial building?

It is important to understand the full statutory meaning of the phrase “industrial building” to ensure that this incentive would not overlooked by investors and clients alike.

In actual fact the term “industrial building” not only refers to qualified buildings in use for industrial purposes but also encompasses a broad category of approved assets.  The scope of eligibility has widened to include many other types of assets and buildings due to the government’s effort to promote selected types of industrial or commercial activity.

However it has been specifically provided that these are not industrial buildings:

  • Dwelling house
  • Retail Shop
  • Showroom
  • Office
Type Remarks
Building for storage of goods for export, or storage of imported goods to be processed and distributed or re-exported. The annual allowance is 10% for 10 consecutive years
Buildings for research and development activities
Hotels registered with the Ministry of Tourism. Initial Allowance of 10% and annual allowance of 3% on both constructed and purchased building.

10% annual allowance will be given on building for accommodating non-managerial, non-administrative and non-clerical employees.

Airport. Capital expenditure incurred include construction, reconstruction, extension, improvement or purchase of any building runaway or ancillary structures
Motor racing circuit approved by the Minister
Licensed private hospitals, old folk’s homes, schools, colleges and training centers. If there are no written laws relating to registration or licensing, approval must be sought by the Director General of Inland Revenue after consultation with the Director General of Health.

The annual allowance is 10% for 10 consecutive years

Buildings used for approved service projects in relation to transportation, communications, utilities or any other sub-sector approved by the Minister for the purposes of Schedule 7B of the Income Tax Act 1967
Buildings that are occupied by approved MSC Status Companies. This eligibility applies only to new buildings that have not been occupied by any company before 2006 and does not apply to buildings provided as living accommodation The annual allowance is 10% for 10 consecutive years
Buildings occupied by Bio Nexus Status Company

A company which is engaged in the business of life sciences (Biology, medicine, anthropology or ecology)

The annual allowance is 10% for 10 consecutive years
Plant & Machinery treated as building.

When the capital expenditure incurred on preparing, cutting, tunneling or levelling land in order to provide a site for the installation of plant or machinery is more than 75% of itself,

The total capital expenditure incurred is treated as qualifying building expenditure and Qualifying Plant Expenditure is zero.
Buildings on farms for the purpose of poultry farming, animal farming, inland fishing industry.
A building used as a Kindergarten approved by the Ministry of Education.