Home Latest News Current Affairs Buddhist Organisations Meeting with the Finance Minister II, Datuk Seri Johari bin Abdul Ghani

Buddhist Organisations Meeting with the Finance Minister II, Datuk Seri Johari bin Abdul Ghani

Wednesday, 15 February 2017 09:47
Untitled Document

Malaysia's 10 major Buddhist organisations have met with the Finance Minister II, Datuk Seri Johari bin Abdul Ghani, to discuss recent amendment to the Income Tax Act resulting in the religious groups having to pay tax.

On the said day, the nearly 30 representatives of said Buddhist organisations who attended the session are from the Malaysian Buddhist Consultative Council (MBCC), Malaysia Buddhist Association (MBA) Selangor Branch, Fo Guang Shan Malaysia (FGS), Young Buddhist Association of Malaysia (YBAM), Buddhist Missionary Society Malaysia (BMSM), Vajrayana Buddhist Council Malaysia (VBCM), Theravada Buddhist Council of Malaysia (TBCM), Malaysian Fo Guang Buddhist Association (BLIA), Dharma Drum Mountain Malaysia (DDM) and Buddhist Tzu-Chi Merits Society Malaysia (TCM) Kuala Lumpur & Selangor Branch.

In addition to the Finance Minister II, Deputy Minister of Finance II, Dato Lee Chee Leong and the Political Secretary to the Prime Minister, Datuk Wong Nai Chee also attended the discussion.

During the meeting, Datuk Seri Johari said that the subject had been satisfactorily resolved. He also said all registered Buddhist groups would be exempted from the said tax, including interest on their fixed deposits, investments and rental, but he reminded all Buddhist groups to handle their accounts properly and to ensure that their funds are used to support religious activities only.

Datuk Seri Johari said the amendment was made to ensure that the public donations to religious groups are not for profit-making activities.

At present, Datuk Seri Johari said a guideline has been signed, adopted and gazetted that all religious groups will continue to enjoy tax exemption. Should there be any religious organisation encountering problems in tax matters, they may send a letter of inquiry or meet with Datuk Seri Johari to seek a solution.

Representatives of the organisations who attended the event were very grateful to Datuk Seri Johari for taking a timely approach to this issue so that the subject could be satisfactorily resolved.