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Question: What does a Pioneer Status mean?
Company Income Tax - (e) Tax Incentives
Answer: Pioneer Status is one of the incentives in the provisions of the Investment Promotion Act 1986 (IPA 1986). This incentive provides tax exemption on some or all of the statutory income of the relevant business given to companies planning to carry out promoted activities or promoted products in Malaysia. Pioneer Promotion and Investment Tax Allowance are mutually exclusive in that the company cannot enjoy both of these incentives at the same time and for the same activities.
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