Budget 2018 – Govt to focus on tax incentives for Industry 4.0

PUTRAJAYA: The upcoming Budget 2018 places more emphasis on the need to provide tax incentives that focus on the development of the fourth industrial revolution (Industry 4.0).

Second Finance Minister Datuk Johari Abdul Ghani said this would be in line with the Government’s effort to promote high-technology industries and minimise dependency on manpower.

“These include sectors involved in automation, robotic development, big data and others which are being promoted by the Government,” he said.

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