“For all educational bodies and foundations, the government has approved a 10-year tax exemption. So we approve the tax exemption,” the Prime Minister said, drawing loud cheers and applause from the audience at TAR UMT’s main campus in Setapak yesterday. He said the university was “doubly grateful” as Anwar had also presented a RM40mil matching grant to the institution. The second was Anwar’s announcement of a 10-year tax exemption for non-profit education institutions like TAR UMT under Section 44(6) of the Income Tax Act 1967. “Our party may have founded this institution, but its objective is broader, which is to help everyone,” he said, adding that TAR UMT also supports students from rural and lower-income backgrounds.

Source: The Star February 05, 2026 02:00 UTC