Happy reading to all of you.
Today, I write to draw your immediate attention and action to this
particular above mentioned tax incentives.
Here, we are pleased to inform you that the Government of Malaysia
has launched the Green Building Index (GBI) on May 21, 2009 to encourage usage
of green technology. GBI is a green rating index on environmental friendly
buildings. This index is based on certain criteria listed as follows:-
a. energy and water efficiency;
b. indoor environment quality;
c. sustainable management and planning of building sites in
respect of pollution control and facilities for workers;
d. usage of recyclable and environmental friendly materials and
resources; and
e. adoption of new green technologies
As such, owners of buildings awarded the GBI certificate shall be
given tax exemption equivalent to 100% of the additional capital expenditure
incurred to obtain the GBI certificate which can be set-off against 100% of the
statutory income for each year of assessment. The incentive is applicable for
new buildings and upgrading of existing buildings. The incentive is given only
for the first GBI certificate issued in respect of the building. Effective for
buildings awarded with GBI certificates from 24 October 2009 until 31 December
2014.
In addition to the above, incentives such as stamp duty exemption
on instruments of transfer of ownership of such buildings in respect of
additional cost incurred to obtain the GBI certificate for purchasers of the
buildings and residential properties from real property developers which are
awarded with GBI certificate. Effective for sales and purchase agreement
executed from the same period mentioned above.
Trust the above is helpful to you. Please direct your circle of
friends to this blog should you find it useful. Thank you so much.
Look forward to seeing you again,
James Oh
*** To participate our contest, please click the link below:-
http://liftyouup.blogspot.com/2011/09/miss-bus-stop-contest-with-prizes.html
http://liftyouup.blogspot.com/2011/09/miss-bus-stop-contest-with-prizes.html
1 comment:
Thank you so much for your kind action.
Hope you will continue to give us your supports.
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