Authorities agree to request for full recovery of input tax from CSR expenses

KUCHING: The authorities have agreed to Sarawak Timber Association’s (STA) request to treat the expenses incurred by logging companies on corporate social responsibility (CSR) programme for local communities as “normal business expenses” that would be allowed the full recovery of input tax under the proposed Goods and Services Tax (GST).

A decision on this was made during a meeting between association officials and the Finance Ministry tax review panel headed by its chairman Datuk Kamariah Hussain at Wisma STA here yesterday.