MOHE proposes new tax goodies for IPTs

According to today's The Star Online, the Ministry of Higher Education has come up with some new ideas to motivate private IPTs (tertiary learning institutions) . Among the proposals that have been put forward:

• Investment Tax Allowances (ITA) for private IPTs which offer more Science and Technology programmes to achieve a 60:40 ratio.


• The ITA will be extended to encourage private IPTs to offer these programmes at competitive fees, attracting local and international students alike.


• To encourage private IPTs to upgrade their infrastructure and facilities, the ministry will propose that Industrial Building Allowance (IBA) be increased from 10% to 15%.


• Double deductions on tax exemptions for sponsoring their staff to pursue postgraduate studies and on for fees paid in acquiring full accreditation from the Malaysian Qualifications Agency (MQA).


• To promote the use of ICT, a 50% reduction on software license fees and tax exemptions for online journal subscriptions and broadband services.


• Tax exemptions on income for private IPTs whose international student cohort comprise at least 40% of their total enrolment.”

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