TAX DEDUCTIONS FOR ESG.

Starting from 2024 assessment year, companies can now claim tax deductions up to RM50,000 annually for ESG reporting technology, greenhouse gas tracking software, and sustainability consulting services.

For context, this covers:

1. ESG data collection and tracking systems;

2. Carbon emissions calculation software;

3. Sustainability reporting tools; and

4. Expert consulting services

The regulation specifically targets Bursa Malaysia-listed companies, financial institutions, and SMEs.

• Further information is available in the attached document: -

DEDUCTION_FOR_EXPENDITURE_IN_RELATION_TO_ESG_RULES_2025_1750724511.pdf

Download PDF • 298KB