Green Building Index was developed by Pertubuhan Akitek Malaysia and the Association of Consulting Engineers Malaysia. It was launched on May 21,2009
Under the GBI assessment framework:
- points will be awarded for achieving and incorporating environment-friendly features which are above current industry practice.
- Two different sets of GBIs have been developed for both commercial and residential properties.
- The assessment criteria include:
(a) Energy and water efficiency
(b) Indoor environmental quality
(c) Sustainable management and planning of building sites in respect of pollution control and facilities for workers
(d) Usage recyclable and environment friendly materials and resources
(e) Adoption of new technologies
As a measure to encourage the construction of buildings using green technology,it is proposed that the owners of buildings awarded the GBI certificate be given exemption equivalent to 100% of the additional capital expenditure incurred to obtain the GBI certificate.
This incentive is applicable on new buildings and upgrading of existing buildings.
The proposal is effective for buildings awarded with GBI certificate from Oct 24,2009 until Dec 31,2014.
Further details on GBI can be viewed at http://www.greenbuildingindex.org.
- MALAYSIA TAX BUDGET 2010:EXEMPTION FROM STAMP DUTY ON THE PURCHASE OF BUILDING THAT INCORPORATE WITH “GREEN TECHNOLOGY”
- MALAYSIA TAX BUDGET 2010:PERSONAL TAX INCENTIVE FOR BROADBAND EXPENSES
- MALAYSIA TAX BUDGET 2010 BUSINESS HIGHLIGHTS
- MALAYSIA TAX BUDGET 2010:EXPENSES INCURRED ON THE REGISTRATION OF TRADEMARKS IN MALAYSIA WILL BE ALLOWED AS TAX DEDUCTION FOR PURPOSES OF INCOME TAX COMPUTATION.
- MALAYSIA TAX BUDGET 2010:TOP PERSONAL TAX RATE REDUCED BY 1%
- MALAYSIA TAX BUDGET 2010:ENHANCED TAX INCENTIVES FOR HEALTHCARE COMPANY.
- MALAYSIA TAX BUDGET 2010:PERSONAL INCOME TAX INCENTIVES FOR THOSE WORKING IN THE ISKANDAR REGION.

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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