Budget 2020: Green tax exemptions extended to 2023

PETALING JAYA: Malaysia's renewable energy policies got a further boost in Budget 2020 with the Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) receiving an extension to year 2023.

Finance Minister Lim Guan Eng announced the green tax measures to help the nation achieve its target of 20% renewable energy mix by 2025 when tabling the Budget 2020 at Parliament on Friday (Oct 11).