Maszlee calls for two-year tax holiday for IPTS to ensure survival
KUALA LUMPUR: Former Education Minister Dr Mazslee Malik today called for private institutions of higher education (IPTS) to be given tax holiday for two years to help them survive the impact of Covid-19 pandemic. The Simpang Renggam MP also suggested that the IPTS which are offering scholarships to students be given tax exemption based on […]
Tax exemptions for Covid-19 treatment, vaccine
KUALA LUMPUR: The Covid-19 treatment and vaccine costs for parents of taxpayers can be tax deducted under expenses for medical, special needs and parental care, the Dewan Rakyat was told today. Deputy Finance Minister II, Mohd Shahar Abdullah said income tax relief for individuals could be claimed up to RM8,000. He said the tax relief […]
Income tax waivers for 2020, 2021 proposal
KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has proposed for the government to consider income tax waivers due to the impact caused by the Covid-19 outbreak. In the FMM Budget 2021 wish list today, FMM president Tan Sri Soh Thian Lai said since taxable income has been greatly reduced, the loss in tax revenue […]
Tax exemption augurs well for palm oil industry
KUALA LUMPUR: Covid-19 hit oil palm smallholders and companies can heave a sigh of relief overt a tax exemption provided under the National Economic Recovery Plan (Penjana) that was aimed at managing the country’s stock level and stabilise the crude palm oil (CPO) price. The government on Friday announced a 100 per cent exemption on […]
Initiatives for tourism industry welcomed
KUCHING: The Malaysian Association of Hotels (MAH) welcomes the initiatives for the tourism industry especially hotels under the Short-Term Economic Recovery Plan (Penjana) announced recently by Prime Minister Tan Sri Muhyiddin Yassin. MAH Sarawak branch chairman, Ibrahim Nordin, said overall it was good especially as it covered tourism financing and tax exemption. “We all know […]
Grab tax exemption offer, PTPTN urges employers
KUALA LUMPUR: The National Higher Education Fund Corporation (PTPTN) has so far received a total of RM383,285.91 from 15 employers who helped settle their workers’ PTPTN loan repayments. Its chairman Wan Saiful Wan Jan said 30 PTPTN borrowers benefited from this while their employers also got to enjoy tax exemption. “Employers should take advantage of […]
