Incentives for Investing in KKIP

Incentives - Federal Government:

	Pioneer status: paying lower corporate tax on 15% of the statutory income for 5 years;
	Second-round Pioneer Status;
	80% Investment Tax Allowance (ITA), which can be utilized to set-off against 85% of the statutory income;
	100% infrastructure allowance on qualifying expenditures;

[The incentives above are only applicable to certain promoted industries]

Incentives - State Government:

	Land tenure of 99 years;
	Reduction of land premium by 30%;
	Reduction of quit rent from 3% to 1%;
	Double deduction of freight charges for export of timber products.