Tax deductions for contributing to disaster relief trust fund

PETALING JAYA: Public and private sectors can now contribute to the National Disaster Relief Trust Fund and will be eligible to receive tax deductions, says the Finance Ministry.

The ministry said in accordance with the Income Tax Act 1967, individuals and corporate companies that contribute to the National Disaster Relief Trust Fund (Akaun Amanah Bencana) would be eligible for tax deductions, provided the contribution was supported by an official government receipt (Rev 38), or transaction confirmation, or receipt for credited contributions through the official banking system.