KUALA LUMPUR – The government is introducing an additional tax deduction of up to RM50,000 on the rental of premises and worker hostels to incentivise companies to participate in the [email protected] initiative which is aimed at protecting workers, reported Bernama.
Prime Minister Tan Sri Muhyiddin Yassin said the International Trade and Industry Ministry (MITI) would implement the [email protected] initiative that would get employers’ commitment to providing a conducive workplace and accommodation for workers.
The incentive would be provided to manufacturing and manufacturing-related service companies that were registered with MITI and had passed the [email protected] compliance audit, he said when announcing the Strategic Programme to Empower the People and the Economy (PEMERKASA) which included the [email protected] initiative.
Muhyiddin said voluntary registration for the [email protected] initiative would start on April 1.
He said the companies that registered with MITI under the programme would be allowed to operate in a situation whereby workers in close contact were separated from the local community and other workers by placing them in the ‘safe work bubbles’ until all of them had been found safe from COVID-19.
Besides, Muhyiddin said, employers who conducted the COVID-19 detection test were allowed to make additional tax deductions on the test cost for spending made up to December 13 this year.
Meanwhile, locally assembled motorcycles with an engine capacity of 150cc and above will be given a 100% tax excise duty exemption from April 1 to December 31.
The government will also give an entertainment duty exemption on entrance fees into entertainment places such as theme parks, stage performances, sporting events, and cinema shows in the Federal Territory.
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