Over RM173mil in income tax relief claimed for contributions to charity in past decade, says Finance Minister

SIBU: Around RM173.7mil in income tax relief have been claimed for contributions to 99 approved institutions and religious funds over the past 10 years, says Tengku Datuk Seri Zafrul Abdul Aziz.

The Finance Minister in his written reply to Senator Robert Lau Hui Yew at the Senate sitting on Monday (Oct 25) said this relief covered contribution to public universities, school building funds, charity and education funds, general school contribution funds and approved institutions/education bodies.

The government gives tax relief of up to 10% from the aggregate income of companies and individuals who contribute to bodies, institutions or funds that are approved under subsection 44(6) of the Income Tax Act 1967.

Lau had asked the minister which economic sector or industry received tax incentives and how much tax relief had been given to education and religious activities.

"The manufacturing sector contributes the most and received the relevant tax relief under the Income Tax Act," said Tengku Zafrul.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Sarawak Polls: Aspirasi candidate for Padungan told to take down billboard
Malaysian actor makes good in Indonesia
Heavy traffic clogs up summonses payment portal, cops advise public to log on during non-peak hours
Najib SRC case: Trial judge did not err in sentencing, says Court of Appeal
Achievements of Malaysian Family Aspiration will continue with plans to improve govt performance, says PM
Sarawak Polls: Sedar made aware of harsh realities after 23 candidates were no-shows on nomination day
Recently released repeat offender behind bars again after attempting to rob senior citizen
PM: Over 190,00 families surveyed to gauge their 'happiness' with government's 100-day performance
Prosecution files to stay High Court ruling on 1MDB-linked forfeiture
Sulu's 'secret invasion' of Sabah plan most likely hatched for political support

Others Also Read