Tax incentives must aim at uplifting financial capacity of low and middle income groups — CPIF

Tax incentives must aim at uplifting financial capacity of low and middle income groups — CPIF

The Edge Markets - Malaysia·2019-10-08 17:12

KUALA LUMPUR (Oct 8): Tax incentives must focus on improving financial inclusion to uplift the financial capacity of the low- and middle-income groups, says the Charted Institute of Islamic Finance Professionals (CPIF).

"This does not mean providing extra payouts and increasing lending but providing them with means and tools to bring them out of the low- and middle-income trap," said CPIF chief executive officer Dr Azura Othman.

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