Date: 28 September 2012
Visit Malaysia Year 2013/14 Targeted To Draw 26.8 Million
Tourists.
KUALA LUMPUR, Sept 28 (Bernama) -- For Visit Malaysia Year
2013/14, the government has allocated RM358 million under the development
expenditure, an increase of 42 per cent, to target 26.8 million tourist
arrivals.
Prime Minister Datuk Seri Najib Tun Razak said tourism was a
key economic growth sector, contributing almost 12 per cent to GDP (Gross
Domestic Product). Tabling the 2013 Budget today, he said that total revenue
generated from the tourism sector was estimated to increase to RM62 billion in
2012.
As a tax incentive, tour operators who bring in at least 500
foreign tourists a year are currently given tax exemption for three years.
For tour operators who bring in at least 750 foreign
tourists or handle 1,500 local tourists a year, the government has proposed
under the 2013 Budget that the income tax exemption be extended for three
years.
The income tax exemption will be in force beginning with the
2013 assessment year until 2015.
Copyright @ BERNAMA
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