KUCHING: All donations towards special trust fund “Tabung Harapan Malaysia” (THM) are tax-exempted, according to Kepong MP Lim Lip Eng.
“ALL donations towards Tabung Harapan Malaysia are TAX-EXEMPTED. The government appreciates your patriotic support. Thank you very much, Malaysia!,” he posted in his Facebook account today.
Lip Eng told Malaysiakini that he had earlier confirmed the matter with Finance Minister Lim Guan Eng’s special officer, Tony Pua.
He said the Finance Ministry would issue an official statement on this later.
Prime Minister Tun Dr Mahathir Mohamad said the establishment of the fund by the government is to accept donations from the people to help strengthen its financial position.
He said the fund was necessary to ensure that the donations from patriotic Malaysians would reach the Ministry of Finance.
Finance Minister Lim Guang Eng in a press statement said the government has decided to establish THM in order to provide a systematic and transparent platform to ensure all contributions and donations from the people are properly managed and organised.
He said THM will be managed by the Ministry of Finance.