Malaysia announces tax incentives for electric vehicles
The Malaysian Government has implemented several initiatives to encourage local companies to increase their efforts to manufacture electric vehicles (EVs) to support the development direction of the local automotive industry.
Kuala Lumpur (VNA)🦹 – The Malaysian Government has implemented several initiatives to encourage local companies to increase their efforts to manufacture electric vehicles (EVs) to support the development direction of the local automotive industry.
According to the Investment, Trade and Investment Deputy Minister Liew Chin Tong, among the initiatives or efforts undertaken by the government include the full exemption of import and excise duties for imported completed built up EVs until Dec 31, 2025, and the full exemption of import and excise duties, and sales tax for domestically produced EVs until Dec 31, 2027.
Other initiatives include income tax allowance or pioneer status for companies manufacturing energy efficient vehicles (EEV) including EVs and related critical components, road tax exemption for EV users until end of next year, the granting of Green Investment Tax Allowance to Charging Point Operators that meet the tax incentive criteria for tax exemption in the form of a 100% Investment Tax Allowance for five years.
Liew said that income tax exemption on statutory income is also granted for companies manufacturing EV Charging Equipment from 2023 to 2032 and individual income tax relief of up to 2,500 RM (607 USD) for the installation or subscription of EV charging facilities at home for the assessment year up to 2027.
The Malaysian Government has also introduced several initiatives for the development of the EV ecosystem to support the development of EV industry.
For examples, the provision of EV charging facilities with a target of 10,000 EV charging bays by 2025, the development of the NxGV test centre (EV Interoperability Centre) and the National Rechargeable Battery Testing Centre to facilitate EV testing and development in the country and reduce costs, and the development of related standards such as charging systems, battery disposal activities, battery swapping, wireless charging and other standards to ensure the safety of EV users./.
Malaysia plans to produce 2 million tonnes of hydrogen annually by 2030 and 16 million tonnes by 2050 under its Hydrogen Economy and Technology Roadmap (HETR), according to Science, Technology and Innovation Minister Chang Lih Kang.
The renewable energy industry will be one of the main focuses in the Johor-Singapore Special Economic Zone (JS-SEZ) development, bringing significantly benefit to both countries.
The Republic of Korea (RoK)’s President Yoon Suk Yeol and Malaysian Prime Minister Anwar Ibrahim agreed on November 25 to forge a strategic partnership to deepen bilateral cooperation in the defence industry, trade, energy, supply chains and other areas.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
