Budget 2024: Tax exemption for sports training ‘a boost to industry’, says minister

Abdul Karim (fifth right) with the Padawan Raft Safari 2023 organising committee at the event press conference at Serapi Hotel Satok in Kuching on Oct 14, 2023.
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By Wilfred Pilo

KUCHING, Oct 14: The tax exemption on sports equipment is a boost to the sports industry, says Minister of Youth, Sports, and Entrepreneur Development Sarawak Dato Sri Abdul Karim Rahman Hamzah.

Abdul Karim believed the personal tax relief for sports equipment of up to RM1,000, which would be extended to cover sports training fees, tabled in Budget 2024 yesterday (Oct 13), would also uplift the industry.

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“This is one way to ease the burden of buying sports equipment, as it is expensive partly because of the taxes,” he said.

He said this to reporters when asked to comment on Budget 2024 at the Padawan Raft Safari 2023 press conference today.

At the same time, he lamented that the high tax is a deterrent to the government’s efforts to encourage more youth to be involved in sports.

“So ‘cakap kena serupa bikin’ (walk the talk). You ask them to be athletes, you ask them to participate, then you put a very high tax—no point,” he said. — DayakDaily

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