To promote optimum use of the National Sports Complex, National Theatre, National
Arts Gallery and Petronas Philharmonic Hall, it is proposed that cultural and arts
shows, exhibitions, festivals and sports activities of international standard held
at these places be given the following tax exemptions :
- income tax exemption up to year of assessment 2001 on income earned
by non-residents from performing in cultural and arts shows and participating in
exhibitions, games and sports;
- income tax exemption of 50% up to year of assessment 2001 be given
on income earned by the organizers from organizing sports, cultural and arts shows,
exhibitions and festivals involving foreign participation.
It is also proposed that admission tickets to cultural and arts
shows, exhibitions, festivals and sports competitions be exempt from the entertainment
The above proposals are to be effective from October 23, 1998.