Finance ministry has no plans to provide income tax relief to B40 and M40 OKU for vehicle purchases - paultan.org

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Finance ministry has no plans to provide income tax relief to B40 and M40 OKU for vehicle purchases

The ministry of finance says there are no immediate plans to provide income tax relief to the disabled in the B40 and M40 categories for the purchase of a motor vehicle.

Sim said this during the question and answer session at Dewan Negara yesterday. He was replying to Senator Isaiah Jacob, who asked if the government had plans to provide income tax rebate to the disabled in the B40 and M40 categories for the purchase of motor vehicles under RM45,000. Sim said that the existing tax relief is seen as sufficient to ease the burden of the disabled in the B40 and M40 categories. “However, the government will always review and improve the existing taxation policy from time to time in line with the economic environment,“ he added.

 

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