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:
- Income tax exemption of 100% for a period of 10 years and stamp duty exemption on loan and service agreements for KLIFD status companies.
- Industrial Building Allowance and Accelerated Capital Allowance for KLIFD Marquee Status Companies.
- Income tax exemption of 70% for a period of 5 years for property developers in KLIFD.
Source – 1MDB