Kuala lumpur: The Ministry of Finance (MoF) has put forward a proposal to extend a tax deduction amounting to RM1.5 million specifically for micro, small, and medium enterprises (MSMEs) operating within the energy and utilities sectors. This initiative is aimed at covering expenses related to listing in financial markets.

According to BERNAMA News Agency, the proposed tax deduction is designed to encourage energy and utilities MSMEs to pursue listing opportunities. The financial support is expected to alleviate some of the costs associated with the listing process, which can be a significant barrier for smaller enterprises seeking to expand their operations and access broader capital markets.

The MoF’s proposal underscores the government’s ongoing efforts to support the growth and development of MSMEs in strategic sectors of the economy. By facilitating easier access to financial markets, the initiative aims to enhance the competitiveness and sustainability of these businesses, ultimately contributing to the broader economic landscape.