Budget 2023: Voucher up to RM100, if holidaying in Malaysia

Budget 2023: Voucher up to RM100, if holidaying in Malaysia

KUALA LUMPUR: To encourage Malaysians to travel within the country, the government is creating incentives in the form of discounts, vouchers and rebates of up to RM100 for accommodation package tours, handicrafts and works of art.

According to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, he informed that the government has allocated RM25 million for the incentive.

“At the same time, hotels in Malaysia should play a role in displaying handicrafts produced by local entrepreneurs to tourists.

“The One and Only Desaru Coast Resort Hotel owned by Khazanah Nasional Berhad is a hotel that displays 100 percent Malaysian handcraft decorations.

“To further encourage the tourism sector to prioritize local handicrafts, the government proposed a special tax deduction for hotels that purchase local handicraft products with a purchase cost of up to RM500,000,” he said in the presentation of Budget 2023 here on Friday.

In the meantime, Tengku Zafrul said, in order to make Malaysia a major health tourism destination, the existing tax incentives for the export of private healthcare services will be extended until 2025.

At the same time, he said, the Malaysia Healthcare Travel Council has also provided RM20 million to strengthen Malaysia’s position as a preferred destination for health tourists.

Meanwhile, he said, to help tourism operators, the government plans to implement the following initiatives:

BNM Tourism Financing with a fund of RM500 million including increasing the maximum financing limit from RM300,000 to RM500,000.

A 100 percent tax exemption is granted on statutory income for tour operators who bring at least 200 foreign tourists a year or handle at least 400 local tourists.

Exemption of 50 percent excise duty on the purchase of CKD tourist vehicles (locally assembled cars) for the use of rental and driver cars and sightseeing buses.

The Reinvestment Allowance for selected hospitality and tourism projects was introduced under the Income Tax Act 1967.

source – Astro Awani

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