Investment Allowance Scheme

A company may apply for investment allowance in respect of fixed capital expenditure for projects approved under Section 67(1) of EEIA. Under the investment allowance scheme, a company is granted an investment allowance based on an approved percentage of the fixed capital expenditure incurred on plant, machinery and factory building for an approved project. The approval for investment allowances is given in a certificate issued by the EDB. For the purpose of application for approval, external auditor’s report is required.