Petroleum Income Tax Act 1967
New tax and investment initiatives introduced particularly under Petroleum Income Tax Act 1967 to promote oil and gas exploration activities.
Economic Transformation Program (ETP)
- Launch 25 September 2010
- Part of National Transformation Program
- Goal to make Malaysia a developed nation with income per capita of USD 15,000.
- This will be achieved by attracting USD 444 billion in investment which create 3.3 million new job.
- Oil, gas and energy sector plays prominant role and contribute 20% of Malaysia national GDP over the past decade (my note as of 2016)
Categories: Oil & Gas Notes