Tax incentives set to benefit solar players

Going green: Business players have welcomed Budget 2020’s tax incentives, which are expected to encourage greater adoption of renewable energy in Malaysia.

PETALING JAYA: Solar power-related players in Malaysia are among the key beneficiaries of Budget 2020, on the back of tax incentives aimed at boosting the Malaysian green economy.

Budget 2020, which was tabled by Finance Minister Lim Guan Eng last Friday, introduced a 70% income tax exemption of up to 10 years for companies undertaking solar leasing activities.