26520

Manufacture of watches and clocks and parts

ItemLevel 5Use for SSM Registration

SST & Withholding Tax

SST Exempt
e-Invoice Required

Risk Level

Low Risk

Capital Allowance: Eligible for Heavy Machinery rate (20% Initial Allowance / 20% Annual Allowance).

Government Grants

SME Corp Eligible

Eligible for SME Corp manufacturing grants and industry development programmes.

Manufacture of watches and clocks and parts

Includes

manufacture of watches and clocks of all kinds, including instrument panel clocks

Excludes

manufacture of non-metal watch bands (textile, leather, plastic), see 1512. manufacture of watch bands of precious metal, see 3211.manufacture of watch bands of non-precious metal, see 3212

Classification Path

Section
C-Manufacturing
Division
26-Manufacture of computer, electronic and optical products
Group
265-Manufacture of measuring, testing, navigating and control equipment; watches and clocks
Class
2652-Manufacture of watches and clocks
Current Item
26520-Manufacture of watches and clocks and parts

e-Invoicing (MyInvois)

MSIC code 26520 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.

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