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Daily Express
8 hours ago
- Business
- Daily Express
Move may shut down charities: LDP
Published on: Wednesday, July 23, 2025 Published on: Wed, Jul 23, 2025 Text Size: Glenna expressed concern for small and medium-sized local charities, which lack the resources to handle complex tax compliance and could be forced to close. Kota Kinabalu: The Liberal Democratic Party (LDP) criticised the Inland Revenue Board's proposal to impose a surplus fundraising tax on non-profit organisations, saying it could force charity closures and harm vulnerable communities. LDP Women Movement Leader Glenna Wong in a statement, here, said the policy would undermine public confidence in charitable giving and harm the country's most vulnerable populations. She said charitable organisations operate fundamentally differently from businesses and should not be subjected to corporate taxation models. 'Charity is not business, it is built on public trust,' she said. 'Donations exist because people believe these organisations can deliver help more effectively than the government. 'Charitable surpluses often result from administrative delays in aid distribution rather than actual excess funds and taxing these reserves could disrupt critical assistance programmes,' she added. Glenna expressed concern for small and medium-sized local charities, which lack the resources to handle complex tax compliance and could be forced to close. She noted this would be especially damaging as Malaysia continues its economic recovery, with many low-income families and rural communities depending on charitable support. The party condemned the timing as heartless, arguing that the government should be supporting rather than taxing charitable efforts during challenging economic times. She called on the Sarawak and Sabah state governments to protect their local non-profits by formally opposing the Federal proposal and considering State-level protective measures. 'The progress of a government is not measured solely by GDP growth, but by how it treats those who serve others,' she said, urging civic groups and citizens to unite against the proposal. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia


Daily Express
2 days ago
- Business
- Daily Express
LDP urges rethink on tax proposal affecting charities
Published on: Monday, July 21, 2025 Published on: Mon, Jul 21, 2025 Text Size: KOTA KINABALU: Liberal Democratic Party (LDP) has raised concerns over the Inland Revenue Board's proposal to tax surplus funds held by charitable organisations, calling it a setback for public welfare. LDP Women's chief Glenna Wong ( pic ) said such a move risks undermining public trust and could affect essential aid programmes that rely on donations and fundraisers to support vulnerable communities. Advertisement She emphasised that temporary surpluses are often due to scheduling or administrative delays, and warned that taxing these funds could disrupt their intended use. Wong added that smaller grassroots charities - particularly in Sabah and Sarawak - may struggle to cope with complex tax compliance, potentially forcing them to close. The party called on State Governments to step in and protect local non-profits, while urging the federal government to prioritise support over taxation to uphold the spirit of public service. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia