THE implementation of tax exemptions for sports training fees is one of the priorities of the Ministry of Youth and Sports (KBS) through the Budget 2024 that will be tabled this Friday. 

Youth and Sports Minister Hannah Yeoh said her ministry had discussed the matter with the Finance Ministry. 

“Previously, tax exemptions were given to individuals who purchased sports equipment, but we hope it will also be given to parents paying for their children’s sports training. 

“With this incentive, it will encourage parents to send their children for sports training and the money saved from tax relief can provide job opportunities for coaches while producing great talents in sports.” 

Hannah also hoped that sufficient allocations could be channelled to KBS through the budget this time. 

“If we want to excel in sports, we need to invest and the Asian Games have proven that we need money if we want to excel,” she said. 

In Budget 2023 tabled in February, the government had allocated RM324 million to KBS for training programmes and sports facilities. – Bernama, October 11, 2023.