Before you get your hopes up, this isn’t a tax relief here in the United States, at least not yet. But this is an interesting idea. What if our government gave hospitals a 100% tax relief for certain initiatives, if they choose to take them up? Bringing in medical tourists from around the world brings money into a country, so why not give hospitals a break to encourage that?
In Kuala Lumpur, Malaysia, they have done exactly that.
Private hospitals involved in the healthcare tourism industry will be given 100% tax exemption for several initiatives that they take up.
Health Minister Datuk Seri Liow Tiong Lai said these included the construction of new hospitals and for the expansion, modernisation and refurbishment of existing ones.
He added that the Government was finalising the provision for tax exemption equivalent to 100% of qualifying capital expenditure.
Liow said 400,000 health tourists visited Malaysia last year and the industry was expected to attract 40,000 more this year.