KUALA LUMPUR: There is positive development in the discussions with the Inland Revenue Board (LHDN) on the provision of tax cuts for sports training and guidance besides the purchase of sporting equipment, says the Youth and Sports Ministry.
Minister Hannah Yeoh said, however, that the outcome of the discussions was still in the process of consideration for implementation after the talks with LHDN chief executive officer Datuk Seri Dr Mohd Nizom Sairi on Tuesday.
“In Datuk Seri Mohd Nizom’s statement through social media, LHDN is committed to cooperating with the ministry to realise the national development agenda, apart from developing sports to produce a calibre generation,” Hannah said in a statement to Bernama yesterday.
The discussions were on the granting of tax incentives under Budget 2024 to encourage parents to spend on sports and help attract the corporate sector to sponsor sports events.
