The awareness and utilisation of tax investment incentives on environmental protection activities

Mohmad Sakarnor Bin Deris, Sharifah Binti Buniamin, Norkhazimah Binti Ahmad, Bakhtiar Bin Alrazi

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

This study investigates the awareness and utilisation of the Tax Investment Incentives (TII) under Income Tax Act 1967 (ITA) and the Promotion of Investment Acts 1986 (PIA) on Environmental Protection Activity (EPA). Additionally, the study examines the type of EPA undertaken by Malaysian Public Listed Companies. Data are obtained using self-administered questionnaires which were mailed directly to the respondents who were Chief Financial Officers, accountants, tax managers or Board of Directors. The study discovered that 17(27%) companies were involved in waste recycling; 15(24%) in storage, treatment and disposal of toxic and hazardous waste; and 11(18%) in waste water management. The descriptive analysis reveals that 48(77%) out of the 62 companies were aware of the availability of TII on EPA. Surprisingly, only four companies ever utilised the TII on EPA which includes Investment Tax Allowance, Accelerated Capital Allowance, Reinvestment Allowance and Double Deduction. The utilisations are based on their capital expenditure on plant and equipment, motor vehicle and industrial building.

Original languageEnglish
Title of host publicationICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment
Subtitle of host publicationAdvancement Towards Global Sustainability
Pages474-481
Number of pages8
DOIs
Publication statusPublished - 01 Dec 2009
Event2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability, ICEE 2009 - Malacca, Malaysia
Duration: 07 Dec 200908 Dec 2009

Publication series

NameICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability

Other

Other2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability, ICEE 2009
CountryMalaysia
CityMalacca
Period07/12/0908/12/09

Fingerprint

Environmental protection
Taxation
Industry
Water management
Waste disposal
Recycling
Wastewater
Managers
Availability

All Science Journal Classification (ASJC) codes

  • Renewable Energy, Sustainability and the Environment
  • Environmental Engineering

Cite this

Bin Deris, M. S., Binti Buniamin, S., Binti Ahmad, N., & Bin Alrazi, B. (2009). The awareness and utilisation of tax investment incentives on environmental protection activities. In ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability (pp. 474-481). [5398603] (ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability). https://doi.org/10.1109/ICEENVIRON.2009.5398603
Bin Deris, Mohmad Sakarnor ; Binti Buniamin, Sharifah ; Binti Ahmad, Norkhazimah ; Bin Alrazi, Bakhtiar. / The awareness and utilisation of tax investment incentives on environmental protection activities. ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability. 2009. pp. 474-481 (ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability).
@inproceedings{659769e5923841e3a628a54a6fb348e4,
title = "The awareness and utilisation of tax investment incentives on environmental protection activities",
abstract = "This study investigates the awareness and utilisation of the Tax Investment Incentives (TII) under Income Tax Act 1967 (ITA) and the Promotion of Investment Acts 1986 (PIA) on Environmental Protection Activity (EPA). Additionally, the study examines the type of EPA undertaken by Malaysian Public Listed Companies. Data are obtained using self-administered questionnaires which were mailed directly to the respondents who were Chief Financial Officers, accountants, tax managers or Board of Directors. The study discovered that 17(27{\%}) companies were involved in waste recycling; 15(24{\%}) in storage, treatment and disposal of toxic and hazardous waste; and 11(18{\%}) in waste water management. The descriptive analysis reveals that 48(77{\%}) out of the 62 companies were aware of the availability of TII on EPA. Surprisingly, only four companies ever utilised the TII on EPA which includes Investment Tax Allowance, Accelerated Capital Allowance, Reinvestment Allowance and Double Deduction. The utilisations are based on their capital expenditure on plant and equipment, motor vehicle and industrial building.",
author = "{Bin Deris}, {Mohmad Sakarnor} and {Binti Buniamin}, Sharifah and {Binti Ahmad}, Norkhazimah and {Bin Alrazi}, Bakhtiar",
year = "2009",
month = "12",
day = "1",
doi = "10.1109/ICEENVIRON.2009.5398603",
language = "English",
isbn = "9781424451456",
series = "ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability",
pages = "474--481",
booktitle = "ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment",

}

Bin Deris, MS, Binti Buniamin, S, Binti Ahmad, N & Bin Alrazi, B 2009, The awareness and utilisation of tax investment incentives on environmental protection activities. in ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability., 5398603, ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability, pp. 474-481, 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability, ICEE 2009, Malacca, Malaysia, 07/12/09. https://doi.org/10.1109/ICEENVIRON.2009.5398603

The awareness and utilisation of tax investment incentives on environmental protection activities. / Bin Deris, Mohmad Sakarnor; Binti Buniamin, Sharifah; Binti Ahmad, Norkhazimah; Bin Alrazi, Bakhtiar.

ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability. 2009. p. 474-481 5398603 (ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

TY - GEN

T1 - The awareness and utilisation of tax investment incentives on environmental protection activities

AU - Bin Deris, Mohmad Sakarnor

AU - Binti Buniamin, Sharifah

AU - Binti Ahmad, Norkhazimah

AU - Bin Alrazi, Bakhtiar

PY - 2009/12/1

Y1 - 2009/12/1

N2 - This study investigates the awareness and utilisation of the Tax Investment Incentives (TII) under Income Tax Act 1967 (ITA) and the Promotion of Investment Acts 1986 (PIA) on Environmental Protection Activity (EPA). Additionally, the study examines the type of EPA undertaken by Malaysian Public Listed Companies. Data are obtained using self-administered questionnaires which were mailed directly to the respondents who were Chief Financial Officers, accountants, tax managers or Board of Directors. The study discovered that 17(27%) companies were involved in waste recycling; 15(24%) in storage, treatment and disposal of toxic and hazardous waste; and 11(18%) in waste water management. The descriptive analysis reveals that 48(77%) out of the 62 companies were aware of the availability of TII on EPA. Surprisingly, only four companies ever utilised the TII on EPA which includes Investment Tax Allowance, Accelerated Capital Allowance, Reinvestment Allowance and Double Deduction. The utilisations are based on their capital expenditure on plant and equipment, motor vehicle and industrial building.

AB - This study investigates the awareness and utilisation of the Tax Investment Incentives (TII) under Income Tax Act 1967 (ITA) and the Promotion of Investment Acts 1986 (PIA) on Environmental Protection Activity (EPA). Additionally, the study examines the type of EPA undertaken by Malaysian Public Listed Companies. Data are obtained using self-administered questionnaires which were mailed directly to the respondents who were Chief Financial Officers, accountants, tax managers or Board of Directors. The study discovered that 17(27%) companies were involved in waste recycling; 15(24%) in storage, treatment and disposal of toxic and hazardous waste; and 11(18%) in waste water management. The descriptive analysis reveals that 48(77%) out of the 62 companies were aware of the availability of TII on EPA. Surprisingly, only four companies ever utilised the TII on EPA which includes Investment Tax Allowance, Accelerated Capital Allowance, Reinvestment Allowance and Double Deduction. The utilisations are based on their capital expenditure on plant and equipment, motor vehicle and industrial building.

UR - http://www.scopus.com/inward/record.url?scp=77949605070&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=77949605070&partnerID=8YFLogxK

U2 - 10.1109/ICEENVIRON.2009.5398603

DO - 10.1109/ICEENVIRON.2009.5398603

M3 - Conference contribution

AN - SCOPUS:77949605070

SN - 9781424451456

T3 - ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability

SP - 474

EP - 481

BT - ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment

ER -

Bin Deris MS, Binti Buniamin S, Binti Ahmad N, Bin Alrazi B. The awareness and utilisation of tax investment incentives on environmental protection activities. In ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability. 2009. p. 474-481. 5398603. (ICEE 2009 - Proceeding 2009 3rd International Conference on Energy and Environment: Advancement Towards Global Sustainability). https://doi.org/10.1109/ICEENVIRON.2009.5398603