DPM Ahmad Zahid proposes tax deductions for sports sponsors

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DPM Ahmad Zahid proposes tax deductions for sports sponsors
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KUALA LUMPUR: Deputy Prime Minister Datuk Seri Dr. Ahmad Zahid Hamidi proposed that sponsors of sports associations and events be eligible for tax ded...

Deputy Prime Minister Datuk Seri Dr. Ahmad Zahid Hamidi proposed that sponsors of sports associations and events be eligible for tax deductions for their contributions to the nation’s sports development.

“This is to encourage continuous sponsorships and indirectly reduce the government’s financial burden,“ he said. “The excellence of our national sports is a shared responsibility, “ he said during the 2023 Sportswriters Association of Malaysia -100 PLUS Awards ceremony held here tonight. He noted that many individuals now professionally and effortlessly commentate on sports events involving national athletes.

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