KUALA LUMPUR, Oct 30 (Bernama) -- The New Investment Incentive Framework (NIIF) will be fully implemented for the manufacturing sector in the first quarter of 2026 (1Q 2026), said Deputy Minister of Investment, Trade and Industry, Liew Chin Tong.
He said the Ministry of Investment, Trade and Industry (MITI) will subsequently extend the NIIF to the services sector starting from 2Q 2026.
“Under Budget 2026, the government has committed to offering tax incentives through the introduction of the NIIF, which is outcome-based, in line with the New Industrial Master Plan 2030 (NIMP 2030).
“The NIIF aims to enhance the existing investment incentive mechanism by focusing on high-value activities that generate economic spillover effects,” he said in winding up the debate on the Supply (Budget) Bill 2026 for the ministry in the Dewan Rakyat today.
According to Liew, the initial implementation phase of the NIIF is currently ongoing and is expected to be completed by year-end.
“The government does not see the need to introduce special or extended incentives, as the NIIF has been designed to be more comprehensive, flexible, and performance-based,” he added.
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