The Sarawak Corridor of Renewable Energy
The Sarawak Corridor of Renewable Energy or simply known as SCORE, is one of the five regional development corridors being developed throughout the country.
SCORE is a major initiative undertaken to develop the Central Region and transform Sarawak into a developed State by the year 2020.
It aims to achieve the goals of accelerating the State's economic growth and development, as well as improving the quality of life for the people of Sarawak.
Pioneer Status
A company given Pioneer Status will only have to pay tax on 30% of its statutory income. The period of tax exemption is 5 years. However, companies in Sarawak will enjoy 100% of the exemption on statutory income for 5 years. For strategic projects in hi-tech industries with heavy capital investment, high R & D content or intensive linkages a 100% exemption may be granted.
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