Page 71 - Official Year Book 2019
P. 71
Allocation of 50 percent of tourism tax to respective State RM5 million to Cultural Economy Development Agency
Governments. (CENDANA) to support Malaysian visual art galleries and
exhibition organisers in holding art exhibitions.
Allocation of RM1.1 billion to the Ministry of Tourism,
Arts and Culture for the Visit Malaysia 2020 (VMY2020) RM10 million will be allocated to Think City to preserve
campaign. culture and urban heritage.
T1 ax incentives targeted at the arts and tourism sector: RM25 million to the Malaysian Healthcare Tourism Council
Income tax exemption be given for organisers of approved arts (MHTC) to strengthen the position of Malaysia as the preferred
destination for health tourism.
and cultural activities, international sports and recreational
2 competitions. MALAYSIA BAHARU 2019 Official Year Book 59
New investments in international theme park projects will
be given income tax exemption of 100 percent of statutory
income or Investment Tax Allowance of 100 percent to be set
3 off against 70 percent for five years.
Increasing tax deductions given to companies sponsoring arts,
cultural and heritage activities in Malaysia from RM700,000
4 to RM1,000,000 per year.
Accelerated Capital Allowance for expenditure incurred on
the purchase of new locally assembled excursion bus to be
5 fully claimed within two years.
Excise duty exemption of 50 percent for locally assembled
vehicles be given to tour operators.
RM100 million towards the construction of a new cable car
system to Penang Hill.
Governments. (CENDANA) to support Malaysian visual art galleries and
exhibition organisers in holding art exhibitions.
Allocation of RM1.1 billion to the Ministry of Tourism,
Arts and Culture for the Visit Malaysia 2020 (VMY2020) RM10 million will be allocated to Think City to preserve
campaign. culture and urban heritage.
T1 ax incentives targeted at the arts and tourism sector: RM25 million to the Malaysian Healthcare Tourism Council
Income tax exemption be given for organisers of approved arts (MHTC) to strengthen the position of Malaysia as the preferred
destination for health tourism.
and cultural activities, international sports and recreational
2 competitions. MALAYSIA BAHARU 2019 Official Year Book 59
New investments in international theme park projects will
be given income tax exemption of 100 percent of statutory
income or Investment Tax Allowance of 100 percent to be set
3 off against 70 percent for five years.
Increasing tax deductions given to companies sponsoring arts,
cultural and heritage activities in Malaysia from RM700,000
4 to RM1,000,000 per year.
Accelerated Capital Allowance for expenditure incurred on
the purchase of new locally assembled excursion bus to be
5 fully claimed within two years.
Excise duty exemption of 50 percent for locally assembled
vehicles be given to tour operators.
RM100 million towards the construction of a new cable car
system to Penang Hill.
