The Federal Government has extended the tax exemption on allowable expenses up to RM300,000 in encouraging businesses to renovate their premises towards proper ventilation. — Filepic
BUSINESS owners in Johor want the Federal Government to come up with guidelines on the specified ventilation at their premises so that they can benefit from the tax incentive announced under Budget 2022.
As there are no such guidelines at the moment, the proprietors are afraid to renovate their premises to improve ventilation for fear of not meeting requirements.
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Muhammed Farhan suggests premises owners be given more time to build up their revenue and savings.
Effendi does not want to spend money on renovations only to be fined later for not following guidelines.
Chua believes focus for businesses now is recovery and not renovations.
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