PM: Govt plans to extend tax relief to fund management companies with sustainable investment funds

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

KUALA LUMPUR: The government plans to extend tax exemptions to fund management companies that manage sustainable and responsible investment (SRI) fund...

: The government plans to extend tax exemptions to fund management companies that manage sustainable and responsible investment funds and also tax deductions on the cost of issuing SRI sukuk until the year of assessment 2027.

Prime Minister Datuk Seri Anwar Ibrahim said the government has proposed an additional tax deduction of up to RM300,000 to be given to companies that spend on measurement, reporting and verification related to the development of carbon projects to encourage more companies to participate in the voluntary carbon market.

“These expenses can be deducted from the income from the sale of carbon credits traded on the Carbon Exchange,” he said during the tabling of Budget 2024 in the Dewan Rakyat today. Anwar also said that the government will ensure that the Petroleum Act 1967 remains relevant to the current needs of the upstream oil and gas industry, in addition to increasing the interest of foreign investors.

“The Petroleum Act 1967 Revision Committee, consisting of the Ministry of Finance, the Inland Revenue Board and Petronas, is studying and drafting tax incentives for carbon capture and storage and hydrogen sulphide projects,” he said.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 25. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Company auditor loses RM1.48mil to investment scamKUALA LUMPUR: MYAirline has suspended its operations effective Thursday (Oct 12) until further notice.
مصدر: staronline - 🏆 4. / 75 اقرأ أكثر »