Malaysia cuts tax incentive for EV charging station operators in Budget 2027

Malaysia's Budget 2027 extends the Green Investment Tax Allowance to 2030 but cuts the allowance rate from 100% to 60% and the statutory income set-off cap from 100% to 70%. Charge point operators will now pay corporate tax on part of their profits for the first time.

• GITA extended to 31 December 2030, but allowance rate drops from 100% to 60%
• Statutory income set-off cap reduced from 100% to 70%
• On RM1 million profit, RM300,000 now becomes taxable
• LLM plans 50 highway charging points in 2027