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Budget 2027: Up to RM5m tax deduction for automotive firms relocating to Perak

Budget 2027: Up to RM5m tax deduction for automotive firms relocating to Perak

By Harith Kamal


PETALING JAYA: Fully Malaysian-owned automotive vendor companies relocating to Tanjong Malim will be eligible for tax deductions of up to RM5 million under Budget 2027.

Finance Minister Datuk Seri Anwar Ibrahim said the incentive would cover qualifying relocation expenses incurred between Jan 1, 2027 and Dec 31, 2030, as part of efforts to develop the Automotive Hi-Tech Valley into a regional automotive hub.

He said the government would also accelerate the development of the Lumut Maritime Industrial City (LuMIC) to attract investment and create employment opportunities in Perak.


Source: budget-2027-up-to-rm5m-tax-deduction-for-automotive-firms-relocating-to-perak


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