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Prime Minister Anwar Ibrahim has rejected accusations that his administration provided false information concerning TAR UMT's tax exemption extension, reaffirming the university received the promised 10-year period.
Malaysia's Finance Ministry has dramatically reduced a promised 10-year tax exemption for TAR UMT's education foundation to just three years, imposing new conditions that exclude tuition fees and rental income. The move threatens the university's ability to maintain affordable education.
Malaysia's Finance Ministry has extended TARC Education Foundation's tax exemption for three years pending compliance with governance standards. Full 10-year approval depends on meeting outstanding conditions.