KOTA KINABALU, Oct 11 — 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.
Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said the government had agreed to grant special tax deductions to parties contributing food and equipment for the i-FB initiative from January 1 next year until December 31, 2030.
He said his ministry appreciated Prime Minister Datuk Seri Anwar Ibrahim and the Finance Ministry for accepting its proposal to support the implementation of i-FB, one of 44 tax incentive measures announced under Budget 2027.
