Tuesday, September 12, 2006

Sabah Tourism industry pleased with tax incentive extension

KOTA KINABALU: Many in the Sabah tourism sector are heaving sighs of relief over a decision to extend an existing income tax incentive for another five years.

Sabah Tourist Association Clement Lee said tourism industry players in the state were pleased when Datuk Seri Abdullah Ahmad Badawi announced a continuation of income tax exemptions for tour operators, in his Budget Speech.

The exemptions would be for tour packages with at least 500 inbound tourists or 1,200 local tourists per year for another five years.

Lee said the exemptions would be important in ensuring the continued growth of tourism industry.

Read more: Sabah Tourism industry pleased with tax incentive extension

No comments: