Malaysia businesses want more tax breaks for green investments

KUALA LUMPUR: Malaysian businesses want more tax breaks for green investments, says workspace solutions provider, Regus, in a global survey.

The survey found 89 per cent of companies in Malaysia had declared that government tax breaks were required to accelerate green investment take-up, it said in a statement Thursday June 3.

In Malaysia specifically, it said, the survey found that monitoring of energy efficiency and carbon foot print were much more widespread than elsewhere in the world.

It said 30 per cent of companies monitored their carbon footprint and 62 per cent monitored energy consumption.
However, 57 per cent of the companies surveyed had no policy to invest in energy-efficient equipment while running costs were important to 57 per cent of companies that declared that they would only invest in low-carbon equipment if it were cheaper or the same to run as conventional equipment.

Meanwhile, 89 per cent of companies declared that if government offered tax incentives to invest in energy-efficient or low-carbon equipment, they would significantly accelerate their green investments, it said.  -- Bernama