AirAsia said the Malaysia Ministry of Finance approved its application for an investment allowance incentive constituting an income tax exemption equating to 60% of qualifying capital expenditure incurred within the five years from July 1, 2004, until June 30, 2009. In conjunction with "the normal 100% allowance" for capital expenditures, "our future budgeted tax payments are minimal," noted AirAsia Group CEO Tony Fernandes.
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