PUTRAJAYA: The tax relief for the purchase of sports equipment and activities, which was extended to cover the cost of sports training fees under Budg...
The tax relief for the purchase of sports equipment and activities, which was extended to cover the cost of sports training fees under Budget 2024 that was announced by Prime Minister Datuk Seri Anwar Ibrahim yesterday, will be a game changer for the sports industry.said this is crucial for parents who invest their savings every month to enable their children to remain active in sports in the hope of becoming future sports champions.
Anwar, when tabling Budget 2024 at the Dewan Rakyat yesterday, said the government proposed a special tax relief for the purchase of sports equipment and activities of up to RM1,000 and which would be extended to cover sports training fees. “Since this year’s budget came in April, it was a bit late for sports associations to get sanctions from international bodies, causing grants to be used for many community events but, with this announcement, we are aiming to host more international tournaments.
Hannah also expressed her delight with the allocation of RM72 million for the Podium Programme, which is the preparation of national athletes for international multi-sports Games.
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