NHEFC chairman on tax exemptions for employers who pay staff's study loans

Malaysia's National Higher Education Fund Corporation will increase its efforts to encourage more employers to assist their employees in paying for outstanding study loans. This was announced by Chairman Wan Saiful Wan Jan yesterday, as reported in Bernama. 

According to Wan Saiful, as part of these efforts, employers will be provided with "clear and accurate" information, especially on tax exemption granted by the government, to ensure a successful initiative.

He said: "This matter is still new and the information on it reaching the employers is still very low especially on the tax exemption incentive.

"So, we are in the process of conducting campaigns so that more employers can pitch in to pay the education loans of their workers especially the low income earners."

As of today, just six employers have helped pay for 10 workers' study loans, amounting to RM97,873.59, Wan Saiful shared.