Tax Exemption For UTAR Based On Govt Policy Of Not Taxing Non-Profit Education – Anwar
PETALING JAYA, The tax exemption granted to Universiti Tunku Abdul Rahman (UTAR) which was reported to be owing RM83 million to the Internal Revenue Board (IRB) is because the government does not tax non-profit education based entities. Prime Minister Datuk Seri Anwar Ibrahim said the late approval for exemption to UTAR was because the university is still under Yayasan Tunku Abdul Rahman (TAR) whose structure has not yet been separated between the matters of commercial business companies and education. “The issue of tax exemption for UTAR, which is a Chinese university. What is our policy? We exclude all efforts for