Manufacture of fluid power equipment
SST & Withholding Tax
Risk Level
Capital Allowance: Eligible for Heavy Machinery rate (20% Initial Allowance / 20% Annual Allowance).
Government Grants
Eligible for SME Corp manufacturing grants and industry development programmes.
Manufacture of fluid power equipment
Includes
manufacture of hydraulic and pneumatic components (including hydraulic pumps, hydraulic motors, hydraulic and pneumatic cylinders, hydraulic and pneumatic valves, hydraulic and pneumatic hose and fittings)
Excludes
manufacture of compressors, see 28130. manufacture of pumps and valves for non-fluid power applications, see 28130. manufacture of mechanical transmission equipment, see 28140
Classification Path
e-Invoicing (MyInvois)
MSIC code 28120 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.
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