Malaysia

MACC suggests tax relief for companies adopting anti-graft drives

Programmes can be costly, incentive to spur more employers to raise awareness against corruption, says agency

Updated 5 years ago · Published on 12 Aug 2021 9:27PM

MACC suggests tax relief for companies adopting anti-graft drives
It would be good if the government had a clear policy for any company involved in efforts to raise awareness against corruption to receive tax relief, says MACC deputy chief commissioner Datuk Seri Shamshun Baharin Mohd Jamil. – Bernama pic, August 12, 2021

PUTRAJAYA – The Malaysian Anti-Corruption Commission (MACC) has suggested that automatic tax relief be given to any company or organisation that implements corruption prevention and educational programmes.

MACC deputy chief commissioner (prevention) Datuk Seri Shamshun Baharin Mohd Jamil said the move should be taken because organising such programmes can be quite costly.

Citing an example, he said the estimated cost for MACC telelevision commercial that features local animated characters Upin Ipin is RM1 million.

“It would be good if the government had a clear policy that any company involved in efforts to raise anti-corruption awareness will receive tax relief.

“This means (companies) do not have to apply for (the tax relief) at all time, and with this, the companies do not have to worry because they know that if they are involved in graft awareness programmes, they will get tax relief later,” he said during an interview on MACC.fm radio station here today.

In the MACC Strategic Plan 2021-2025 launched on August 3, MACC proposed the creation of a policy to enable tax relief to any organisation that contributes to anti-corruption efforts.

Shamshun said the tax relief incentive would encourage more companies or organisations to cooperate with MACC to conduct corruption prevention and educational programmes for the community. – Bernama, August 12, 2021

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