News Formal

Investment tax allowance of 70pc or 100pc proposed

  • 📰 DailyExpress_MY
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 83%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

THE Government plans to provide an investment tax allowance on a tiered basis of 70 per cent or 100 per cent.

Prime Minister Datuk Seri Anwar Ibrahim said the results-based incentive approach is a new dimension that uses a tiered system in giving incentives.“It will stimulate companies to generate economy through investment in high-growth and high-value fields and further create new economic clusters, expand domestic networks and balance economic and environmental sustainability,” he said when tabling Budget 2024.

SPONSORED CONTENT Daily Express members: Enjoy 1 for 1 signature cocktails and more at Hyatt Centric Kota Kinabalu Kota Kinabalu: DAILY EXPRESS is partnering with Hyatt Centric Kota Kinabalu to offer an exclusive deal for our members. Read more He added that the Government will give priority to future investments focused on high-growth and high-value areas to overcome the structural issues that plague the economic system, including the prematurely shrinking industrial sector.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PM: Govt plans to extend tax relief to fund management companies with sustainable investment fundsKUALA LUMPUR: The government plans to extend tax exemptions to fund management companies that manage sustainable and responsible investment (SRI) fund...
Source: theSundaily - 🏆 25. / 51 Read more »

PM: GLCs expected to record RM130b cumulative investment value this yearKUALA LUMPUR: Government-linked companies (GLCs) and government-linked investment companies (GLICs) continue to fulfil their role as the driving force...
Source: theSundaily - 🏆 25. / 51 Read more »

Govt proposes for investment tax allowance of 70% or 100%KUALA LUMPUR: The government plans to provide an investment tax allowance on a tiered basis of 70 per cent or 100 per cent. Prime Minister Datuk Seri ...
Source: theSundaily - 🏆 25. / 51 Read more »

Citigroup’s profit holds steady as investment banking fees jumpThe lender’s net income rose to US$3.5 billion from a year ago.
Source: fmtoday - 🏆 5. / 72 Read more »