Semiconductor industry seeks tax breaks, improved regulatory efficiency
The semiconductor industry has urged the government to introduce several initiatives, such as tax relief and improved regulatory efficiency, for Budget 2026 to spur the sector’s competitiveness.
The Malaysia Semiconductor Industry Association (MSIA) said these initiatives were also essential to help industry players manage the rising cost of doing business.
MSIA executive director Andrew Chan said that apart from relief on stamp duty, there should also be targeted exemptions from the sales and service tax and some relief on electricity tariffs to reduce cost.
Chan said these exemptions and tax breaks should also come with incentives for investment in energy efficiency and automation.
There was also a need to roll out policies to diversify export markets and introduce a…
