Guideline for Shipbuilding and Ship Repairing (SBSR) Incentive
Updated: Mar 12
In 2016, Malaysia introduced an incentive for the Shipbuilding and Ship Repairing (SBSR) industry with the aim of encouraging industry players to build their capabilities and capacities to meet the ever-challenging and competitive global landscapes.
The incentive was set to expire, but it has been extended until 31 December 2022 to drive investments in the sector and help companies face future challenges.
Budget 2023 Proposal: To position Malaysia as a regional hub for SBSR, it is proposed that the tax incentive be extended for 5 years for SBSR applications received by MIDA from 1 January 2023 until 31 December 2027.
