Clean energy specialists have proposed the government waive import duty on solar panels and inverters in Budget 2023 as solar installations rely heavily on both. — Bernama photo
KUALA LUMPUR: Clean energy specialists have proposed the government waive import duty on solar panels and inverters in Budget 2023 as solar installations rely heavily on both.
This will encourage renewable energy (RE) adoption and propel Malaysia towards achieving net zero goals by 2050, Plus Xnergy group chief executive officer and co-founder Ko Chuan Zhen told Bernama.
He said the import of taxable goods is subject to the sales and services tax (SST) at a rate of 10 per cent and this is passed onto customers, which ultimately contributes to the upfront cost. Under Joe Biden’s administration, the United States waived taxes on solar panel imports for up to two years from Cambodia,…
Give exemptions to boost clean energy adoption
