KUALA LUMPUR, June 5 — Individuals or companies that contribute to the Disaster Trust Account will be eligible for tax deductions, the Ministry of Finance said.
It said the Disaster Trust Account is administered by the Trust Accounts Committee chaired by the Secretary-General of Treasury and also comprised representatives from MoF, Accountant General’s Department, the Implementation and Coordination Unit of the Prime Minister’s Department and National Disaster Management Agency .
The ministry said as a sign of solidarity to assist the government given the current situation, government-linked companies as well as federal statutory bodies are encouraged to consider voluntary cuts in staff salaries and perks in order to contribute to the Disaster Trust Account.