Budget Highlights

1 One-off Special
4
Expansion of Green Technology Incentive
7 Exemptions on Purchase of Electric
Vehicles (EVs)
(Cukai Makmur) on +RHS (Rainwater Harvesting System)
activities Full Import Duty exemption on
24% Tax rate for first RM100million of
chargeable income
100% Green Investment Tax components for locally assembled EVs
Allowance (GITA) on capital expenditure
33% Tax rate for remaining chargeable for qualifying RHS activities to be set-off Full Excise Duty & Sales Tax
income (9% extra) against 70% of statutory income exemption on CKD EVs
Applies to all non-SME companies that generate super
profits in YA 2022 Full Import Duty & Excise
Duty exemption on imported CBU EVs

2
Removal of Tax Exemption on Foreign
Source Income
Foreign source income derived
by Malaysian tax residents, which is
received in Malaysia will be taxable
effective 1 January 2022
5
Exemption of Real Property Gains Tax
(RGPT)
8 Extension of Sales Tax Exemption on
Purchase of Passenger Cars
Reduced to 0% from the current 5% 100% Sales Tax exemption of on
for disposal in the 6th year & onwards locally assembled passenger cars
(CKD) and 50% on imported
Applicable to Malaysian individual citizens,
permanent residents and persons other than passenger cars (CBU) are further
companies from 1 January 2022 extended until 30th Jun 2022

3 Tax Incentive on Digital Ecosystem

6 Tax Incentive for Social Enterprise 9 Stamp Duty on Contract Notes on Trading
of Bursa Listed Shares
Acceleration Scheme 3 Years Income Tax Exemption
0% - 10% Increase to 0.15% from 0.10%
Applications received by MOF from 1st Jan 2022 Stamp Duty Rate on contract notes
Digital Technology Provider 31st Dec 2023

100% Abolised stamp duty cap of RM 200

Digital Infrastructure Provider Effective from 1st Jan 2022

Applications received by MIDA from 30th Oct 2021 31st

Dec 2025

Source: Budget 2022 Speech Ministry of Finance Malaysia 9

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