PIONEER STATUS (PS)
• An income tax exemption ranging from 70% to 100% (depending on the type
of promoted products and/or activities) on a company’s statutory income for a
period of five years.
• The PS is generally favorable for companies expecting to generate large profits
within a short time upon commencement of production of promoted products
and/or activities.
• The exemption period may be extended for another further five years depending
on the type of promoted products and/or activities.