THE government is committed to meeting its target of achieving net zero greenhouse gas emissions by 2050, and as such, is increasing existing funding programmes and extending tax incentives to encourage the adoption of green technology in the country. Through Budget 2023, it proposes to extend the period to apply for the Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) to Dec 31, 2025. It also proposes to extend the tax allowance and exemptions from three years to five years.
KUALA LUMPUR: The Retirement Fund (Incorporated) (KWAP) intends to increase and improve its international exposure following its diversification strategy and journey to seek growth globally while focusing on three sectors in the domestic market.
KUALA LUMPUR: The Federal Government's revenue collection is envisaged to decrease by 4.4% in 2023 to RM272.6bil or 15% of Gross Domestic Product (GDP) due to anticipated lower non-tax revenue collection.