Kuala lumpur: The New Investment Incentive Framework (NIIF) will be fully implemented for the manufacturing sector in the first quarter of 2026, announced Deputy Minister of Investment, Trade and Industry, Liew Chin Tong. He also noted that the Ministry of Investment, Trade and Industry (MITI) plans to extend the NIIF to the services sector starting from the second quarter of 2026.

According to BERNAMA News Agency, the NIIF is part of the government’s Budget 2026 initiative. It introduces outcome-based tax incentives that align with the New Industrial Master Plan 2030. The framework is designed to enhance existing investment mechanisms by focusing on high-value activities that generate economic spillover effects.

Liew emphasized that the initial phase of the NIIF’s implementation is currently underway and is expected to conclude by the end of the year. He stated that the government does not intend to introduce special or extended incentives, as the NIIF is crafted to be more comprehensive, flexible, and performance-based.