KUALA LUMPUR (Oct 8): Malaysian Green Technology and Climate Change Corporation (MGTC) has proposed reinstating rebates on interest or profit rates, as well as financial support for solar projects, under the upcoming Green Technology Financing Scheme (GTFS) 6.0 for Budget 2027.

Khairul Ikhwan Jamaludin, MGTC’s head of financing, incentives and investment department, said the agency had proposed rebates ranging from 1.5% to 2%. Both the rebate and financing support for solar projects are absent from GTFS 5.0, which was introduced under Budget 2026.

“To those who want to apply for GTFS 5.0, wait for tomorrow [Friday] because there may be, highly likely, the element of the rebate [on interest or profit rates]... We did propose to the government to reinstate the rebate,” he said during his presentation on government incentives in the green technology sector at the International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) held at the Kuala Lumpur Convention Centre on Thursday.

Financial support for solar projects and a 2% interest or profit rate rebate for the first seven years were among the features of GTFS 3.0, introduced under Budget 2021.

GTFS 4.0, introduced under Budget 2023, reduced the interest or profit rate rebate to 1.5% for the first seven years and did not provide financial support for solar projects.

Meanwhile, Nur Syahira Abdul Rahim, senior executive of MGTC’s standards and certification department, said almost 25,000 green products and services had been registered under the MyHijau Mark recognition scheme as of June 2026.

MyHijau Mark is a national green recognition scheme for certified green products and services. It was introduced on Oct 23, 2012, and endorsed by the government in 2015.

Under the latest Government Green Procurement guidelines introduced by the Ministry of Finance in 2022, green products and services that can be procured by the government include air-conditioning systems, product packaging, solar energy systems, cleaning services and pest control services.

The session also included briefings on the Green Technology Tax Incentive and the Low Carbon Operating System, a cloud-based greenhouse gas (GHG) management platform that enables companies to measure, manage and report their emissions.

On the Green Investment Tax Allowance (Gita), Siti Fatimah Noor Saidin, senior executive of MGTC’s financing, incentives and investment department, said there are three categories under Gita.

The first is Gita Asset, which applies to companies that acquire qualifying green technology assets or projects for their own consumption, provided the assets or projects are listed in the MyHijau directory.

The second is Gita Project, which applies to companies undertaking qualifying green technology projects for business purposes.

The final category is the Green Income Tax Exemption for Solar Leasing, which applies to qualifying green technology service providers listed in the Sustainable Energy Development Authority’s Registered Solar PV Investor Directory.

Nurul Syafiqah Nor Hisham, an analyst from MGTC’s monitoring, reporting and verification department, also spoke about the Low Carbon Operating System.

Its key capabilities include generating detailed reports and monitoring and measuring the impact of companies’ projects to reduce GHG emissions.