KUALA LUMPUR, Oct 9 (Bernama) -- DRB-HICOM Bhd says the tax deduction of up to RM5 million for Malaysian automotive vendors relocating to the Automotive Hi-Tech Valley (AHTV) in Tanjong Malim, Perak, will accelerate the development of the automotive hub and strengthen Malaysia’s position as a regional automotive investment destination.
Business : DRB-Hicom Welcomes RM5 Mln Tax Deduction Incentive For AHTV Under Budget 2027
Budget 2027, automotive, DRB-HICOM, AHTV
BE Bernama 
Key takeaways
DRB-HICOM welcomes a RM5 million tax deduction for automotive vendors moving to AHTV, aiming to boost Malaysia's automotive hub status.
- Tax deduction of up to RM5 million is available for relocating automotive vendors to AHTV from 2027 to 2030.
- The incentive aims to attract more vendors, strengthen supply chains, and support next-gen vehicles in Malaysia.
- Focus on EV infrastructure, education, and productivity will enhance AHTV's development as a regional automotive hub.
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- Bernama Business : DRB-Hicom Welcomes RM5 Mln Tax Deduction Incentive For AHTV Under Budget 2027 (this story)