Liew bets big on 2026 tax shakeup
The New Investment Incentive Framework will be rolled out for the manufacturing sector in the first quarter of 2026, Deputy Minister of Investment, Trade, and Industry Liew Chin Tong announced. The Ministry of Investment, Trade and Industry will then apply the framework to the services sector beginning in the second quarter of 2026.
Liew explained that Budget 2026 allocates tax incentives through this new framework, which ties rewards to measurable outcomes under the New Industrial Master Plan 2030. The program targets high-value activities that create broader economic benefits. He noted the initial phase of the framework is already underway and will wrap up by the end of the year. The government believes no extra or extended incentives are necessary because the framework offers a more complete, adaptable and results-driven approach.
