Zahid proposes tax deductions for sports sponsors

Ahmad Zahid Hamidi News

Zahid proposes tax deductions for sports sponsors
SportsSponsorsTax Deductions
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SEOUL (Reuters) - A Samsung Electronics union in South Korea is due to stage on Friday the first walkout at the technology giant, but some analysts did not expect the labour action over pay and conditions to have a major impact on chip production.

KUALA LUMPUR: 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 on Thursday night. He noted that many individuals now professionally and effortlessly commentate on sports events involving national athletes.

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