Shipowners hope for tax rebates and grants under Budget 2022


Malaysian shipowners association Abdul Hak Md Aamin

KUALA LUMPUR: The Malaysia Shipowners’ Association (Masa) hopes that Budget 2022 will provide financial assistance for the shipping industry and tax rebates for vessels built in local shipyards.

It also hopes for grants to comply with the International Maritime Organisation regulations on marine engines (IMO 2020) and for high technology and environmentally friendly marine projects such as alternative marine fuel.

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