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Review of Tax Incentive for Tour Operators

Updated: Nov 9, 2022

To Download Budget 2023 Speech and some other related publications - https://t.me/YourAuditor/3276

Current Position

As part of Budget 2018, tour operators have been provided with tax incentives including the following: 

  1. a tax exemption of 100 percent on statutory income derived from the business of operating tour packages to Malaysia with participation of at least 750 inbound tourists per year; and

  2. a tax exemption of 100 percent on statutory income derived from the business of operating tour packages within Malaysia with participation of at least 1,500 local tourists per year.

During the COVID-19 pandemic, the tax incentive was reviewed as follows:

  1. extended for a period of 2 years from the year of assessment 2021 to the year assessment 2022; and

  2. tourism packages within Malaysia with participation of at least 200 local tourists per year and nil for inbound tourists for tourism packages to Malaysia

Proposal

It is proposed that the following requirements of tax incentive programmes be revised in order to increase tourism activities in Malaysia during the transition phase to the endemic phase:

  1. tourism packages within Malaysia with participation of at least 400 local tourists per year; or

  2. tourism packages to Malaysia with participation of at least 200 inbound tourists per year; and

  3. tax incentive is extended for a year.


Effective Date

For the year of assessment 2023.



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