Career Fair Incentive (CFI)
The Career Fair Incentive (CFI) is a TalentCorp initiative from January 2012 to 2016. Its aim is to address, arrest and reverse the brain drain in the country. Malaysian talents abroad need greater awareness of the attractive career opportunities here in Malaysia. The Malaysian Government realises that career fairs are essential to entice Malaysians to return and work here. And who better to carry out this task than our very own Malaysian companies who can offer rewarding jobs back home?
CFI offers tax benefits to companies who participate in career fairs held overseas and endorsed by TalentCorp. Career fairs should target Malaysian students currently studying overseas and Malaysian professionals working and residing abroad.
Benefits
- Participating companies are entitled to double deductions on certain expenses incurred on participating career fairs abroad.
- Participating companies are entitled to limited double deductions on expenses directly related to participation in the career fairs.
- The double tax incentive includes:
- Travel expenses for a maximum of three people– e.g. flights (for economy class fair), on ground expenses, accommodations (maximum RM 300 per person per day)
- Daily subsistence (maximum RM150 per day)
- Participation fee paid to the organizer
- Printing and marketing material directly attributable to the career fair
- Any other direct expenses directly attributable to the career fair
Am I Eligible?
This incentive is extended to any organisation/company that participates in overseas career fairs endorsed by TalentCorp. Organisers of endorsed career fairs will submit a list of participating companies to TalentCorp after the career fair has been undertaken. Based on this list, TalentCorp will issue a letter of endorsement to the companies who have successfully participated.
It is the company’s responsibility to ensure that their participation in the career fair is reported by the organiser to TalentCorp. Companies must actively participate in the endorsed career fair to benefit from the incentive. Registration alone is not deemed to be participation.
How to Apply
Companies DO NOT apply for the Career Fair Incentive. To qualify for the incentive, companies must participate in career fairs which are endorsed by TalentCorp. Career fairs that have been endorsed to date are:
UKEC-Graduan Career Fair in the UK (2012)
MSAJ Career Fair in Japan (2012)
CareerXcell Career Fair in the UK (2012)
MASCA-Graduan Career Fair in Australia (2012)
Additionally, outreach events that are organised by TalentCorp automatically qualify for the CFI.
Once active participation has been confirmed, TalentCorp will issue letters of confirmation to be used in claiming your double tax deduction.
Career Fair organisers are encouraged to contact TalentCorp to apply for endorsement.
Testimonials
Read more about the REP, STAR and CFI from returning Malaysians.
Perlis-born Adam Azlan is one of the first to be involved with the STAR programme. He had known from a young age that he wanted to grow his talent for quantitative challenges and problem-solving materials into a successful career.
Toi See Jong is the Chief Executive Officer of Tokio Marine Life Insurance Malaysia Berhad. After spending 8 years abroad, his move back to Malaysia was motivated by his passion to contribute to the country’s development by sharing the expertise, skills and experience he gained during his time away.
Mohd Zaki Awang is a Senior Production Technologist at Talisman Malaysia Limited, a Canadian company which has a Production Sharing Agreement with Petroliam Nasional Berhad (PETRONAS). He spent 3 years in Vietnam and 5 years in Saudi Arabia before returning home to Malaysia.
Born and raised in Kuching, Malaysia, Marianne Chuo is one of the first Public Service Department (JPA) scholars to be involved with the Scholarship Talent Attraction and Retention (STAR) programme.