On 30 August 2017, Malaysia published Income Tax (Exemption) (No.8) Order 2017 in the Official Gazette, which introduces a tax exemption based on qualifying capital expenditure relating to automation equipment used by manufacturing companies resident in Malaysia. The Order provides for an income tax exemption on statutory income derived from a qualifying project that is equivalent to a 100% accelerated capital allowance provided for capital expenditure on automation equipment that is more technologically advanced than the current technology used by the qualifying company. The exemption applies for the years of assessment 2015 to 2017 for qualifying companies engaged in qualifying...