Announcement
24 Feb 2023
In February 2023, the government of Malaysia introduced a new set of measures under the Malaysia Budget 2023.
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Number of interventions
19
13 certainly harmful
0 likely harmful
6 liberalising
List of interventions
Implementation date
01 Apr 2023
Revocation date:
31 Mar 2026
Updated: 24 Feb 2023
Tax or social insurance relief
On 24 February 2023, the government of Malaysia issued Budget 2023, granting a tax concession to companies in the creative industry in the form of sales tax exemption on the importation of the equipme...
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Updated: 24 Feb 2023
Tax or social insurance relief
On 24 February 2023, the government of Malaysia issued Budget 2023, granting a tax concession to companies in the creative industry in the form of import duties exemption on equipment. This action onl...
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Implementation date
01 Apr 2023
Revocation date:
31 Mar 2026
Updated: 24 Feb 2023
Internal taxation of imports
On 24 February 2023, the government of Malaysia issued Budget 2023, exempting sales tax on the importation of equipment for the creative industry. The equipment included cameras and broadcast equipmen...
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Updated: 24 Feb 2023
Import tariff
On 24 February 2023, the government of Malaysia issued Budget 2023, exempting import duties on equipment for the creative industry. The equipment included cameras and broadcast equipment, audio and vi...
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Updated: 24 Feb 2023
Internal taxation of imports
On 24 February 2023, the government of Malaysia issued Budget 2023, exempting sales tax on the importation of nicotine gum and nicotine patch temporarily. The sales tax was reduced from 5% to 0% for n...
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Updated: 24 Feb 2023
Import tariff
On 24 February 2023, the government of Malaysia issued Budget 2023, exempting import duties on nicotine gum temporarily. The import duty was reduced from 15% to 0%. The affected product is under the H...
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Implementation date
24 Feb 2023
Revocation date:
01 Jan 2024
Updated: 24 Feb 2023
Loan guarantee
On 24 February 2023, the government of Malaysia established a RM 3 billion (USD 662.1 million) loan guarantee to all eligible companies under the Green Financing Technology Scheme provided by the Syar...
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Implementation date
24 Feb 2023
Revocation date:
31 Dec 2023
Updated: 24 Feb 2023
State loan
On 24 February 2023, the government of Malaysia establishes the annual budget of a loan facility for SMEs in the tourism sector provided by the Bank Negara of Malaysia (BNM) at RM 500 million (USD 112...
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Updated: 24 Feb 2023
Loan guarantee
On 24 February 2023, the government of Malaysia increased the annual budget for loan guarantees to SMEs provided by the Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) from RM 10 billion (USD 2.2...
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Updated: 24 Feb 2023
State loan
On 24 February 2023, the government of Malaysia increased the annual budget of a loan facility for agro-food entrepreneurs provided by the Bank Negara of Malaysia (BNM) from RM 500 million (USD 112.69...
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Implementation date
24 Feb 2023
Revocation date:
No revocation date
Updated: 24 Feb 2023
Other export incentive
In force
On 24 February 2023, the government of Malaysia unveiled a new loan facility of RM 1 billion (USD 220.7 million) for exporters under the Exporter Sustainability Incentive Scheme” (SIP2).
"The scheme ...
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Updated: 24 Feb 2023
Financial investment support
In force
On 24 February 2023, Khazanah Nasional Berhad (Khazanah), along with the Employees' Provident Fund Organisation (EPF) and other government-linked companies, launched a RM 1.5 billion (USD 338 million)...
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Updated: 24 Feb 2023
State loan
In force
On 24 February 2023, the government of Malaysia launched a RM 40 billion (USD 9.05 billion) loan facility for SME entrepreneurs.
The budget for this measure is part of the Budget 2023, with RM 388.1 ...
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Updated: 24 Feb 2023
State aid, unspecified
In force
On 24 February 2023, the government of Malaysia approved state support to rice farmers amounting to RM 1.37 billion (USD 308.78 million). There is no further clarification on the type of state aid tha...
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Updated: 24 Feb 2023
Financial grant
In force
On 24 February 2023, the government of Malaysia approved a RM 50 million (USD 11.26 million) matching grant to the agriculture sector to promote the use of robotics and AI. According to the Budget, th...
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Implementation date
24 Feb 2023
Revocation date:
24 May 2023
Updated: 24 Feb 2023
Financial grant
On 24 February 2023, the government of Malaysia launched a RM 288 million (USD 64.91 million) financial grant for rice farmers.
Each farmer will receive RM 200 (USD 45) per month for three months.
Th...
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Implementation date
01 Jan 2023
Revocation date:
31 Dec 2025
Updated: 24 Feb 2023
Localisation, nes
On 24 February 2023, the government of Malaysia issued Budget 2023, launching a special tax deduction of up to RM 150'000 (USD 33,808.8) to Malaysian-made handicrafts purchased from local handicraft b...
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Implementation date
01 Jan 2023
Revocation date:
31 Dec 2027
Updated: 24 Feb 2023
Internal taxation of imports
In force
On 24 February 2023, the government of Malaysia issued Budget 2023, exempting sales tax on the importation of equipment used for Carbon Capture and Storage (CCS) technology. The sales tax was reduced ...
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Updated: 24 Feb 2023
Import tariff
In force
On 24 February 2023, the government of Malaysia issued Budget 2023, exempting import duties on equipment used for Carbon Capture and Storage (CCS) technology.
The CCS technology included:
carbon capt...
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