KUALA LUMPUR, Oct 19 (Bernama) -- A tax deduction incentive of up to 10 per cent of aggregate income for cash contributions to the School Public Contribution Fund under the 2027 Budget is expected to encourage more alumni donations to upgrade infrastructure for the creation of a quality school environment.
General : Budget 2027: Tax Incentive Encourages Alumni Donations, Improves School Facilities
Budget 2027, tax incentives, alumni, School Publi
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Key points
- MRSM Malaysia Alumni Association (ANSARA) president Taufiq Hussien said that the incentive will encourage more former students of the MARA Junior Science College (MRSM) to give back to their respective schools.
- "Most individuals contribute directly to the school, so if possible, when the tax exemption is expanded, alumni can contribute funds through associations or alumni bodies to enable the distribution of funds to be targeted according to the critical needs of a school," he said to Bernama.
- Taufiq said that ANSARA is currently raising funds based on the needs of each MRSM, including the construction of halls and special alumni arenas, as well as financial assistance for students from low-income families (B40).
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