PETALING JAYA: The recent RM83mil tax waiver granted to Universiti Tunku Abdul Rahman (UTAR) is solely for educational purposes, says Datuk Seri Anwar Ibrahim. The Prime Minister said this aligns with Malaysia's policy of providing tax exemptions to non-profit educational foundations. But if it's for faculty development, helping underprivileged students or exempting tuition for poor students, we will grant tax exemption," Anwar said. The Prime Minister highlighted that the government's tax exemption policy covers all educational foundations supporting underprivileged students, regardless of ethnicity. The RM83mil tax waiver sparked debate, with questions about its implications for other private institutions.

Source: The Star October 14, 2024 02:10 UTC