| Malaysia’s 2012 Budget is to offer incentives boost Islamic finance, extending tax breaks on Sukuk issuance for a further three-year period
Prime Minister Datuk Seri Najib Tun Razak said a tax deduction on expenses incurred for Sukuk Wakala will be given for a three-year period from 2012 to encourage more Sukuk issuances. Najib said, "The income tax exemption given for non-ringgit Sukuk issuance and transaction is extended for another three years until the year of assessment 2014.".............................................Full Article: Source |