save malaysia!
Removal of UTAR tax-exempt status poses ‘severe strain’
savemalaysia
Publish date: Sat, 05 Oct 2024, 08:26 AM
KUALA LUMPUR: The tax recovery measures imposed by the Inland Revenue Board (LHDN) on Universiti Tunku Abdul Rahman (UTAR) will put similar pressure on other charitable organisations, says MCA.
The party’s central committee member Dr Monna Ong Siew Siew said private hospitals, non-governmental organisations and religious groups can also be subjected to the move.
“Such actions not only undermine the operational capabilities of social welfare organisations but also erode public confidence in the government’s support for public services.
“The Prime Minister, who is also Finance Minister, needs to take decisive action to withdraw the unreasonable tax recovery directive against UTAR and restore its tax-exempt status to ensure the university can continue its educational mission without unnecessary financial pressure,” she said.
Ong, who is also MCA public policy and people’s livelihood research advisory committee chairman, highlighted UTAR’s contributions towards Malaysia’s human capital by nurturing countless talents.
“This latest tax recovery move and penalty confronting UTAR imposes a severe strain on daily operations, demoralises staff, directly impacts the learning environment of its students and weakens the country’s future talent competitiveness,” she added.
Ong said the move could also lead to difficulties in UTAR’s long-term development.
“The government has a responsibility to comprehend and acknowledge the contributions that such institutions render to society, rather than target them with punitive tax measures,” she said.
Education, Ong added, is the foundation of national development and non-profit educational institutions play a crucial role in the process.
“The government should not weaken their operations by imposing tax burdens but instead support them through policies to ensure that they can continue to nurture future talent for the country,” said the Terengganu MCA liaison committee chairman.
Separately, Transport Minister Anthony Loke said the issue would be resolved soon.
Loke, who is DAP secretary-general, said the appeal had also been made directly to Prime Minister Datuk Seri Anwar Ibrahim.
https://www.thestar.com.my/news/nation/2024/10/05/removal-of-utar-tax-exempt-status-poses-severe-strain
More articles on save malaysia!
Malaysia slams UNSC's inaction, demands protection for Gaza civilians
Created by savemalaysia | Nov 21, 2024
MLFF toll system decision by Dec 16, says deputy works minister
Created by savemalaysia | Nov 21, 2024
Not enough engagement with us on Gig Workers’ Economy Bill, says industry players
Created by savemalaysia | Nov 21, 2024
Home Affairs Ministry pays Atlan RM69.6 mil for compulsory purchase of its Kedah plot
Created by savemalaysia | Nov 21, 2024
Discussions
Be the first to like this. Showing 24 of 24 comments
Please bear in mind, most students in UTAR are from poor Chinese families, not able to gain entry to public university because their STPM results not good enough to earn them a place.
Untruth and misinformation.
My nephew choose UTAR because he like the UTAR course/Actuarial science
offered to him. He is now working in UK as IT programmer.
Because of quality education offered by UTAR, UTAR is now univerisy of choice.
1 month ago
Correct. UTAR produces the best graduates because of it's strong integrity and principles . Others are paper mills, emptying country coffers (under higher education fund) and produce low-quality shameless lazy cheaters and phDs
1 month ago
MARA (Majlis Amanah Rakyat)
Nature and Purpose: MARA is a government agency that focuses on the economic and educational development of the Bumiputera community in Malaysia. It offers various services, including educational programs, business loans, and skills training.
Tax Exemption Status:
MARA, being a government agency, typically enjoys tax-exempt status under Malaysian tax law.
Income generated from its educational activities, grants, and services related to its core functions is generally exempt from income tax.
Additionally, MARA may receive tax exemptions on properties used for educational purposes or other charitable activities under the Income Tax Act 1967.
1 month ago
Real workforce producer UTAR ( for B40, humanity, various stakeholders & country future) vs paper mill MARA (for 60% B40, & 40% orang berada)
1 month ago
Too many deep state in government department trying hard to create problems for PMX DSAI.
1 month ago
He must step up his problem solving skills - worth hiring AI......hehe
1 month ago
He alone cannot be a fireman putting out fire set up by the deep state. He need a team to once and for all get rid of the deep state.
1 month ago
For Anwar Ibrahim to effectively address and dismantle any deep state within the Malaysian government, he would need to pursue a comprehensive, multi-pronged approach to reform and institutional strengthening.
1 month ago
Shifting in Public Discourse-National Unity: Build a narrative around unity, inclusivity, and reform that contrasts with deep state elements, who often manipulate ethnic, religious, or class divisions for their benefit.
1 month ago
Digitalization and e-Governance - Digital Reforms: Implement digital reforms to reduce human interference in government processes. Automation and e-governance can limit opportunities for corruption and manipulation by entrenched interests.
1 month ago
Transparency and Accountability-Audits and Investigations: Conduct independent, public audits of government agencies and departments suspected of harboring deep state elements, ensuring accountability through legal channels.
1 month ago
Judicial Reforms: Strengthen the judiciary to ensure the legal system is immune to undue influence from entrenched bureaucrats or political actors tied to the deep state.
1 month ago
Pas no need to do any Bole h land uplifting. Pas just pay lip service。The greatest of all party and has 1st of Loy al followers。How is that four pas?
1 month ago
The deep state’s alleged role in siphoning billions or trillions of ringgit offshore has devastating effects on Malaysia’s economic well-being. It undermines trust in institutions, deprives the country of critical resources, and exacerbates inequality. While efforts to combat corruption and illicit financial flows have been made in recent years, addressing the entrenched networks of power within the deep state remains a formidable challenge. A combination of stronger enforcement, political reform, and international cooperation is essential to curtail these damaging practices and restore the economic prosperity of Malaysia.
1 month ago
No need to be afraid. Pas with it hudud law will dismantle all the little Napoleon.
Ahyaah, why my autocorrect Kacau my typing. Haiss
1 month ago
The fixed nature of hudud punishments makes selective enforcement especially problematic, as the law is meant to apply equally to all.
1 month ago
Posted by EngineeringProfit > Oct 5, 2024 3:59 PM | Report Abuse
The fixed nature of hudud punishments makes selective enforcement especially problematic, as the law is meant to apply equally to all.
？
So pas wants to be selective for hudud law???
1 month ago
No tax due unless UTAR has been profitable.
So according to the tax authorities, UTAR has been profitable. How are poor students going to be affected if UTAR has to pay tax on its operating surplus.
Before we go any further in this discussion, we should ask UTAR to publish its accounts.
1 month ago
Just a question what wrong UTAR is profitable and reinvest the profit into better facilities?
Did our public universities/Mara also collected fees from students but still need billion in government allocation (tax payers money) and yet produce graduates that can't find a gainful employment.
1 month ago
They deserve punishment for insulting mara indirectly - wih their integrity, capability, honesty and performance. How dare them!
1 month ago
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
Good Articles to Share
3
4
Koon Yew Yin's Blog
Why all plantation companies will continue to report more profit - Koon Yew Yin
5
AmInvest Research Reports
6
7
save malaysia!
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
Unlike other privately owned universities, UTAR caters for poor Malaysian families regardless of races with the lowest tuition fees. You can find a lot of Indian students study in UTAR, along side with Chinese students. For the rich, they can go overseas for tertiary education, or at least go to privately owned universities like University of Monash, Taylor University, Sunway University, University of Nottingham etc etc. These privately owned universities are profit oriented and charge much higher tuition fees way above the affordability of the poor.
Please bear in mind, most students in UTAR are from poor Chinese families, not able to gain entry to public university because their STPM results not good enough to earn them a place. Removing tax-exemption will force UTAR to raise tuition fees and likelihood depriving Chinese students from the poor families an opportunity to get out of poverty.
Please leave politics at home. Removing UTAR tax-exemption amounts to stab Chinese Community from the back. UTAR yearly allocation of rm 50 million a year already removed by LGE when he was a Finance Minister for less than 2 years. So much damage already done by a single person to 7 million Chinese, and there is no way to get it back. LGE will be remembered forever as a sinner.
1 month ago