Budget 2027: Tax breaks to encourage corporate support for food bank initiative, says Armizan

The Ihsan Food Bank Initiative under Budget 2027 offers a special tax deduction to boost corporate and strategic partner participation until 2030.

This initiative aims to encourage contributions of food, equipment, and operational support to strengthen the food bank ecosystem and reduce living costs.

Coordination with strategic partners, including the corporate sector, will help alleviate cost-of-living burdens, prevent food wastage, and enhance environmental protection.

KOTA KINABALU, Oct 11 — A special tax deduction incentive for the Ihsan Food Bank Initiative (i-FB) under Budget 2027 is expected to encourage greater participation by strategic partners, including the corporate sector, in strengthening the food bank ecosystem.

Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said the government had agreed to grant special tax deductions to parties contributing food and equipment for the i-FB initiative from January 1 next year until December 31, 2030.

He said his ministry appreciated Prime Minister Datuk Seri Anwar Ibrahim and the Finance Ministry for accepting its proposal to support the implementation of i-FB, one of 44 tax incentive measures announced under Budget 2027.

“This tax incentive is in line with efforts to strengthen the food bank ecosystem through integrated coordination that opens the door as widely as possible to participation by various parties,” he told a press conference before attending the Universiti Malaysia Sabah (UMS) Alumni Homecoming & Fundraising Dinner 2026, last night.

According to him, the special tax deduction introduced serves as an incentive and recognition to broaden the participation of strategic partners, including through contributions of food, equipment and operational support needed to strengthen the implementation of i-FB.

Armizan said the detailed mechanism for implementing the special tax deduction incentive for i-FB would be coordinated with the Finance Ministry.

He added that collaboration with strategic partners, including the corporate sector and voluntary organisations, would enable i-FB to drive collective efforts to ease the cost-of-living burden on those in need, rescue food from waste and protect the environment.

Meanwhile, at the dinner, i-FB grants were also presented to the UMS Student Consumer Movement, which will coordinate the initiative at their respective educational institutions and within local communities.

Armizan said the initial grants would be used to provide equipment and dedicated i-FB spaces on campuses to facilitate the receipt, storage and distribution of donated food to students in need.

“This initiative also creates opportunities for contributions from various parties to help ease the cost of living among students,” he said.

The i-FB initiative is one of the cost-of-living assistance measures implemented nationwide, with the Cost of Living Division of the Ministry of Domestic Trade and Cost of Living serving as its secretariat and aiming to secure participation from government agencies, the private sector, non-governmental organisations and individuals. — Bernama

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2027 年预算案中的 Ihsan 食品银行计划提供特别税收减免，以促进企业和战略合作伙伴的参与，直至 2030 年。

该倡议旨在鼓励捐赠食品、设备和运营支持，以加强食品银行生态系统并降低生活成本。

与包括企业界在内的战略伙伴进行协调，将有助于减轻生活成本负担，防止食物浪费，并加强环境保护。

哥打基纳巴卢，10 月 11 日讯——2027 年财政预算案中针对 Ihsan 食品银行计划 (i-FB) 的一项特别税收减免优惠，预计将鼓励包括企业界在内的战略合作伙伴更多地参与加强食品银行生态系统。

国内贸易及生活成本部长拿督阿米赞·莫哈末·阿里表示，政府已同意从明年1月1日至2030年12月31日期间，向为i-FB计划提供食品和设备的各方给予特别税收减免。

他表示，他的部门感谢首相拿督斯里安华·易卜拉欣和财政部接受其提议，支持实施 i-FB，这是 2027 年财政预算案中宣布的 44 项税收优惠措施之一。

“这项税收优惠符合加强食品银行生态系统的努力，通过综合协调，尽可能广泛地向各方敞开参与的大门，”他在昨晚出席马来西亚沙巴大学 (UMS) 2026 年校友返校暨筹款晚宴前的新闻发布会上表示。

据他介绍，引入的特殊税收减免旨在激励和表彰战略合作伙伴扩大参与，包括通过提供食品、设备和运营支持来加强 i-FB 的实施。

阿米赞表示，i-FB特殊税收减免激励措施的具体实施机制将与财政部协调。

他还补充说，与包括企业界和志愿组织在内的战略伙伴合作，将使 i-FB 能够推动集体努力，减轻有需要的人的生活成本负担，从浪费中拯救食物，并保护环境。

与此同时，在晚宴上，i-FB 还向 UMS 学生消费者运动颁发了资助金，该运动将在其各自的教育机构和当地社区协调这项倡议。

阿米赞表示，首批拨款将用于在校园内提供设备和专门的 i-FB 空间，以方便接收、储存和分发捐赠的食物给有需要的学生。

“这项举措也为各方捐款提供了机会，以帮助减轻学生的生活成本，”他说。

i-FB计划是全国范围内实施的生活成本援助措施之一，由国内贸易和生活成本部下属的生活成本司担任秘书处，旨在吸引政府机构、私营部门、非政府组织和个人的参与。——马新社

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