June 2, 2017

Tax Deduction Kit

Increase Tax Deduction Limits for Sponsoring Arts, Cultural and Heritage Activities

On 21 October 2016, Prime Minister YAB Datuk Seri Najib Tun Razak announced an increase in tax deduction for private sponsors of arts, culture and heritage shows and performances, at the tabling of the 2017 Budget in Parliament.

The limit of tax deduction for sponsoring LOCAL arts, cultural and heritage activities was raised to RM700,000 (from RM500,000) while the deduction for sponsoring FOREIGN arts, cultural and heritage activities was raised to RM300,000 (from RM200,000).

We at Kakiseni are glad to see that the many months of lobbying have come to fruition.

Now the responsibility lies with producers like you to take full advantage.

We urge you to get your sponsors to apply for the tax deduction under Section 34(6)(k) of the Income Tax Act 1967.

When more sponsors make use of the deduction, it signals genuine private support for the arts and helps build a convincing case to raise the deduction limits even further.

Get started by using the easy-to-follow instructions below. Break a leg!

 


Peningkatan Pengurangan Had Cukai bagi Penajaan Aktiviti Kesenian, Kebudayaan dan Warisan

Pada 21 Oktober 2017, Perdana Menteri YAB Datuk Seri Najib Tun Razak telah umumkan peningkatan terhadap pengurangan cukai untuk sumbangan swasta kepada aktiviti-aktiviti kesenian, warisan dan kebudayaan di dalam perbentangan Bajet 2017 di Parlimen.

Had bagi pengurangan cukai bagi penajaan aktiviti kesenian, warisan dan kebudayaan TEMPATAN telah meningkat kepada RM700,000 daripada RM500,000. Seterusnya pengurangan cukai bagi penajaan aktiviti kesenian ASING ditingkatkan kepada RM300,000 daripada RM200,000.

Kami di Kakiseni amat gembira kerana selepas berbulan melobi untuk tujuan peningkatan ini akhirnya membawa hasil.

Sekarang tanggungjawab terletak di tangan anda untuk tidak melepaskan peluang ini.

Kami mempelawa anda untuk dapatkan pihak penaja untuk produksi anda untuk memohon pengurangan cukai diabawah Section 34(6)(k) of the Income Tax Act 1967.

Apabila lebih banyak pihak penaja menggunakan pengurangan cukai ini, ia akan menunjukkan bahawa sokongan swasta terhadap kesenian, warisan dan kebudayaan adalah cukup memberangsangkan untuk tingkatkan lagi had pengurangan cukai.

Mulakan dengan langkah-langkah dibawah. Selamat maju jaya!

 

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