KUALA LUMPUR, Oct 9 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim announced that tax incentives will be enhanced and extended until Dec 31, 2030, to encourage more companies to adopt green and sustainable technologies.
Business : Budget 2027: Up To 100 Pct Investment Tax Allowance For Green Technology Projects
Anwar Ibrahim, Budget 2027, green technology, KWA
BE Bernama 
Key points
- Anwar, who is also Finance Minister, said companies undertaking green and sustainable technology projects, electric vehicle (EV) charging stations, and those purchasing green technology assets for their own use would be eligible for investment tax allowances of up to 100 per cent.
- “Tenaga Nasional Bhd is investing RM15 billion to strengthen the national grid, while UEM Lestra is investing RM1 billion, including in an energy storage project at Kuala Lumpur International Airport and a 1-gigawatt hybrid energy project in Johor,” he said when tabling Budget 2027 in the Dewan Rakyat today.
- Anwar said the energy transition agenda included the use of a RM1 billion Climate Fund by the Kumpulan Wang Persaraan (Diperbadankan) (KWAP) for green projects, including renewable energy and decarbonisation.
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Related reporting
6 stories on this topic from 4 sources, oldest first.
- Malaysiakini LIVE | Anwar tables Budget 2027
- New Straits Times 2027 Budget: Green tax incentives extended to 2030
- Bernama Business : Budget 2027: Up To 100 Pct Investment Tax Allowance For Green Technology Projects (this story)