Tourism Tax Bill must be value accretive, says CEO


(From left) KLCCP Stapled Group head of legal and corporate service division Abd Aziz Abd Kadir, CEO Datuk Hashim Wahir, and chief financial officer Annuar Marzuki Abdul Aziz at the 4th Annual General Meeting of KLCC REIT and the 14th Annual General Meeting of KLCC Property Holdings Bhd

KUALA LUMPUR: The newly passed Tourism Tax Bill 2017 has to be value accretive to enable the tourism and hospitality industries to thrive, said KLCCP Stapled Group CEO Datuk Hashim Wahir.

Speaking after the group’s AGM yesterday, Hashim said the tourism tax would put pressure on customer traffic, as it meant that tourists would now have to spend more, and it remained to be seen how the tax would affect tourism activities.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
Ringgit retreats vs US$ ahead of personal consumption expenditure reading
Oil prices rise as US official eases market concerns over economic headwinds
Inflation in Japan's capital slows more than expected, slides below BOJ goal
FBM KLCI opens lower as investors book profits
Trading ideas: Al-'Aqar REIT, Pantech, AirAsia X, Inta Bina, Khee San, Infoline, Heineken, Agricore
Capital A to dispose of 100% stake in AirAsia Aviation Group, AirAsia for RM6.8bil
Meta projects higher spending, weaker revenue
Property market recovery on the horizon
Buyout proposal for Anglo American could reshape copper market

Others Also Read