Anwar Ibrahim Grants TAR UMT Ten-Year Tax Exemption Extension
Prime Minister Anwar Ibrahim has approved a 10-year extension of tax exemption for TAR UMT, recognizing the institution's contribution to affordable private higher education in Malaysia.
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Prime Minister Anwar Ibrahim has approved a 10-year extension of tax exemption for TAR UMT, recognizing the institution's contribution to affordable private higher education in Malaysia.

Malaysia's Finance Ministry has slashed Tunku Abdul Rahman University of Management and Technology's promised 10-year tax exemption to just three years, imposing new conditions that exclude tuition fees and other educational revenue. The move contradicts the Prime Minister's earlier commitment and threatens affordability for lower-income students.

Malaysia's Finance Ministry has extended TARC Education Foundation's tax exemption for three years conditionally, pending improvements in governance and donation management. Full 10-year approval remains possible if conditions are met.