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Fahmi: M’sia Looking at Ways to Implement Concert Tax Incentives Similar to Thailand

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Concert Tax Incentive
Source: Thibault Trillet l Pexels & Fahmi Fadzil l Facebook

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With the news of Taylor Swift’s only South East Asia tour being an exclusive deal with Singapore, many other of our neighbouring countries are trying to see if they can make reforms with their concert taxing systems.

Communications Minister Fahmi Fadzil has said that they are looking at ways to implement something similar to the Thai government’s concert tax incentive.

Elaborating on it, the minister said that the government had something similar called FIMI or Film in Malaysia Incentive which shared some pretty close aspects.

“One proposal is to call it CEMI – Concerts and Events in Malaysia.”

Fahmi Fadzil 1

The Communications Minister added that this kind of incentive aims to attract more international events to our country while building a more seamless system.

He also mentioned that this effort will be coordinated between ministries, “But we will have to coordinate between the ministries, namely the Ministry of Tourism, Arts and Culture and Ministry of Finance, to see what type of incentives we can offer.”

“Because it’s not just about rebates, it’s also (about) making it smoother, easier and faster and ensuring that the facilities are sufficient for the kind of events we would like to attract.”

Previously, it was reported by the Bangkok Post that Thailand will be offering tax waivers to organisers of large international concerts or sporting events.

Concert

 

With so many events happening in our neighbouring countries, we surely hope that more big international acts will be coming.

 

Also read: “Nothing has been confirmed” – Tomorrowland Clarifies They Are Still Looking Into Thailand Expansion

Tomorrowland Thailand Not Confirmed

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