KOTA KINABALU, Oct 10 (Bernama) -- A special tax deduction incentive for the Ihsan Food Bank Initiative (i-FB) under Budget 2027 is expected to encourage greater participation by strategic partners, including the corporate sector, in strengthening the food bank ecosystem.
General : Budget 2027: i-FB Tax Incentive Encourages Corporate Sector Participation - Armizan
Sabah, Armizan Mohd Ali, Budget 2027, tax incentiv
BE Bernama 
Key takeaways
Budget 2027 introduces a tax incentive for the i-FB initiative to boost corporate and partner participation in food banking.
- The i-FB tax incentive runs from 2027 to 2030 to encourage food and equipment contributions.
- The initiative aims to strengthen the food bank ecosystem through partnerships and reduce food waste.
- The government collaborates with the Finance Ministry to implement the tax deduction mechanism.
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