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Green Technology Tax Incentive (GITA & GITE). 31 May 2016. Progress Report for the Month of May 2016. 1. 08/06/2016. On track. Source of Fund: KeTTHA Project Fund: RM100,000 Project Start: 01/01/2016 Project End: 31/12/2016
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Green Technology Tax Incentive (GITA & GITE) 31 May 2016 Progress Report for the Month of May 2016 1 08/06/2016
On track Source of Fund: KeTTHA Project Fund: RM100,000 Project Start: 01/01/2016 Project End: 31/12/2016 Proposal Name & DateAmount Flagship: GREEN MALAYSIA PLAN Project Director: SYED AHMAD SYED MUSTAFA Project Leader:ROSMAH MAMAK RAPI Project Group: KeTTHA Project Brief/Summary During the 2014 Budget announcement by YAB Prime Minister, the Government has proposed that to strengthen the development of green technology, its will provide Green Investment Tax Allowances (GITA) for the purchase of green technology equipment and Green Income Tax Exemption (GITE) on the use of green technology services and system. Objectives • To encourage investments in green technology industries and the adoption of green technology by private sectors. • To encourage companies to purchase assets that have been verified as green technology assets by MGTC and these assets are listed under MyHIJAUDirectory. • Widening the coverage across various priority green technology industries and supporting services activities. • Facilitate the nation journey to reduce 40% carbon emission by 2020. Expected Outcomes (Deliverable) • 33 application approved for GITA/GITE • Revenue contribution is RM115,000 • 10% saving on budget utilisation Status (%) • 0% (0 applicant) • 0% (RM0.00) • 0% (RM0.00) PROJECT: Green Technology Tax Incentive (GITA & GITE)REPORTING PERIOD: 01/05/2016 – 31/05/2016 Future Business Potential
PROJECT: Green Technology Tax Incentive (GITA & GITE)REPORTING PERIOD: 01/05/2016 – 31/05/2016
Stakeholder Analysis High Power Low Interest High Keep Satisfied • MOT Local Authorities • NRE SEDA • KPKT ST • KKR SPAN • JKR SW Corp. • CIDB SPAD Manage Closely / Key Players • KeTTHA • MOF • MIDA • IRB Minimal Effort • Public Consumer • NGO Keep Informed • FMM • SME & Industry Association • Business & Trade Association PROJECT: Green Technology Tax Incentive (GITA & GITE)REPORTING PERIOD: 01/05/2016 – 31/05/2016
Activities Planned (For next reporting period) • Project Assessment Criteria for the Green Investment Tax Allowance (GITA) Project to be completed by 15th of June • Announcement and Press Release on GITA/GITE (pending date of announcement from MIDA). Activities Completed (During reporting period) • Participated in Seminar on Green Technology at Unit PerancangEkonomiNegeri (UPEN) Negeri Sembilan on 10 May 2016 at WismaNegeri, Seremban (as a speaker). • Final draft of Standard Operating Procedures (SOP) and Guideline was developed for endorsement. • 2nd Briefing Session was conducted on 12st May 2016 at Grand Paragon Hotel, JB (35 participants & 15 companies) PROJECT: Green Technology Tax Incentive (GITA & GITE)REPORTING PERIOD: 01/05/2016 – 31/05/2016
PROJECT: Green Technology Tax Incentive (GITA & GITE)REPORTING PERIOD: 01/05/2016 – 31/05/2016
PROJECT: Green Technology Tax Incentive (GITA & GITE)REPORTING PERIOD: 01/05/2016 – 31/05/2016 Expected Impact • Economic Investment generated > RM 40 million (80 companies x RM500,000 per company) • Environment Carbon emission avoided > 800 tons CO2e/yr (80 companies x 10 tons CO2/yr per company) • Social 160 jobs created (80 companies x 2 jobs per company) Status • XXXX • XXXX • XXXX Confidential Revision 1.1
PROJECT: Green Technology Tax Incentive (GITA & GITE)REPORTING PERIOD: 01/05/2016 – 31/05/2016 10% 65% 15% 10%
PROJECT DIRECTOR (Syed Ahmad Syed Mustafa) PROJECT LEADER (Rosmah Mamak Rapi) EXTERNAL INTERNAL • SALEHUDDIN • Efficient GITA/GITE screening and evaluation application process for GITA Projects. • MIDA • Development of SOP • Promotion and awareness • Government tax incentive advisory services • Application approval • SME Corp./Industry/ Buss. Association • Promotion and awareness • SYAMIULLAH • Efficient GITA/GITE screening and evaluation application process for GITE Services • SYIRA • Efficient GITA/GITE screening and evaluation application process for GITE Services • To organise and coordinate promotion of the Project. • PWC • Development of SOP • Promotion and awareness Organisation Chart for GITA GITE GT CREW To assist in coordination of meeting, promotion, briefing and exhibition. Confidential Revision 1.1
Rosmah Mamak Rapi Project Leader