Industry incentive for sustainability

According to Halal Development Corporation Sdn Bhd (HDC), the export value in 2022 is expected to surpass the pre-pandemic level of RM42 billion. The continuous increase since the pandemic and its potential to grow even larger proves that the halal industry is a key contributor to Malaysia’s economy.

Malaysia is actively promoting investments in the halal sector, thus offering a wide range of tax incentives from double deductions to allowances such as:

  • Incentives for the production of halal food
  • Incentives for other halal activities – Park Operators
  • Incentives for halal industry players
  • Incentives for halal logistics operators

In this commentary piece, Nik Nabilah, Associate Director of Corporate Tax dives deep into Malaysia’s halal industry – including the economic opportunity, incentives and its potential to become a vehicle for sustainability.

Read the full story via the attached  below:

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