- Ministry of Finance proposes tax exemption for owners of private recreational boats up to 7 meters in length
- Aimed at promoting recreational boating industry
- Exemption would apply to vessels registered in Malaysia
- Proposal subject to public feedback and approval by the government
Source: research.ibfd.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
