Copyright 2024 by Construction Research Institute of Malaysia (CREAM)
 
 

Double Tax Deduction

 
The Construction Research Institute of Malaysia (CREAM) has achieved Approved Research Institute (ARI) status from the Ministry of Finance (MOF) under Section 34B of the Income Tax Act 1967.
 
With this status, any person/company that makes a contribution/payment to CREAM is eligible for a Double Tax Deduction (DTD). DTD is applicable for the following expenditure:
  • Cash contribution for research activities
  • Payment for the use of research services
 

Benefits to the Industry:

  • Improving productivity
  • Solving problems through research
  • Reducing tax payments
  • Enhancing cash flow
  • Promoting cutting-edge technology
  • Acquiring intellectual property (IP) to increase intangible assets.
 

Criteria for Double Tax Deduction

  1. Companies, including those in the service sector, are eligible for the double deduction incentive on expenses incurred for undertaking research and development (R&D) activities
  2. R&D means any systematic or intensive study undertaken in the field of science or technology with the objective of using the results of the study for the production or improvement of materials, devices, products, produce or processe, excluding:
    • quality control of products or routine testing of materials, devices, products or produce
    • research in the social sciences in humanities
    • routine data collection
    • efficiency surveys or management studies
    • market research or sales promotion
    • periodical or routine modification of materials, tools, products or methods of production
    • cosmetic modification or stylistic modification of materials, tools, product or methods of production
 
CREAM encourages construction companies and individuals to engage in discussions with us to explore the potential of enjoying DTD by providing research grants to CREAM's researchers. This initiative aims to foster collaboration between companies and CREAM for the mutual benefit and advancement of the construction industry.
 

FAQ

Download Act 53
 
For any enquiries, please contact our support.
 
Tel: +603 2779 1479
Email: cacti@cream.my / bpip@cream.my
Copyright 2024 by Construction Research Institute of Malaysia (CREAM)
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