Business

M’sian Greening Programme contributors to see 7%-10% tax relief: Takiyuddin

Natural resources minister notes Yayasan Hijau Malaysia plays important role

Updated 4 years ago · Published on 24 Nov 2021 5:20PM

M’sian Greening Programme contributors to see 7%-10% tax relief: Takiyuddin
To date, a total of 23,746,874 trees have been planted nationwide through the Malaysian Greening Programme, says Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan. – Bernama pic, November 24, 2021

KUALA LUMPUR – Members of the public who contribute to Yayasan Hijau Malaysia for the “Malaysian Greening Programme: 100 Million Tree Planting Campaign” will be given a tax deduction, said Energy and Natural Resources Minister Datuk Seri Takiyuddin Hassan.

He said the tax deduction is made under Section 44(11C) of the Income Tax Act 1967, with 7% for individuals and 10% of the total annual aggregate income for companies.

“Yayasan Hijau Malaysia plays an important role and encourages the public (to contribute) with this tax relief,” he said during the question-and-answer session at the Dewan Rakyat today.

He said this in response to a supplementary question from Steven Choong Shiau Yoon (Tebrau-Independent) on the most active agencies in the programme.

Takiyuddin said apart from Yayasan Hijau Malaysia, the Peninsular Malaysia Forestry Department, Sabah Forest Department, Sarawak Forest Department, state Forestry Departments in Peninsular Malaysia, and several non-governmental organisations were actively involved in the Malaysian Greening Programme.

He said to date, a total of 23,746,874 trees were planted nationwide through the programme, and the number of valuable species in the Critically Endangered, Endangered, Vulnerable, and Near Threatened categories was 6,451,142 – comprising 322 species.

He said as of Monday, a total of 4,139 users have downloaded the “Penghijauan Malaysia” mobile app.

Takiyuddin said a special website can also be accessed via all government agencies, the private sector, and the public to record tree planting data by agencies or individuals.

The “Malaysian Greening Programme: 100 Million Tree Planting Campaign” was launched on January 5 this year. – Bernama, November 24, 2021

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