KUALA LUMPUR: There are plans for tax exemptions in Budget 2025 to encourage small and medium-sized enterprises and micro, small, and medium-sized enterprises to adopt technology, particularly artificial intelligence, to optimise their operations, says Digital Minister Gobind Singh Deo.
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He states that they will get clearer indications on the specific measures that can be implemented by the end of this month or early next month, subject to approval by the Ministry of Finance.
“We had a roundtable session on Wednesday. The discussion focused on how we can inspire or attract more SMEs and MSMEs to adopt technology, such as AI, to optimise their businesses. Taxation ideas were brought forward, and we’re also considering other forms of incentives. Ultimately, it comes down to how quickly we can get everyone on board,” he says, speaking to the media after the signing of a memorandum of understanding between 42 Malaysia and MyDigital Corporation.
