Tax rebate for domestic travel among incentives proposed to bolster industry

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PETALING JAYA: Tax incentives for locals to travel domestically should be introduced in the revised Budget 2023, says the Malaysia Budget and Business Hotel Association.

Its president Dr Sri Ganesh Michiel said the move would both drive and boost the local tourism and hotel industry."This will be a good amount to start with and it will re-stimulate not only local tourism but also the hotel industry.

According to Parliament's official portal, the first meeting of the second session of the 15th Parliament will run from Feb 13 until March 30, 2023. "If the government can increase the SST threshold for eateries and restaurants from RM500,000 to RM1.5mil, there is no excuse that it cannot be given to our industry," he said.

"It is costly for local players to do promotions and they need to attend a lot of international conferences."We need to make sure we are able to put Malaysia on the world map again after the Covid-19 pandemic," he said.

 

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