KOTA KINABALU: As Malaysia prepares for Budget 2027, it is imperative that we prioritize the well-being of our workforce by empowering the private sector to embrace occupational safety, health, and mental wellness as core pillars of productivity and sustainability.
The post-pandemic landscape has underscored the urgent need for resilient workplaces that safeguard both physical and psychological health. Budget 2027 presents a timely opportunity to catalyze this transformation through targeted fiscal measures and policy support.
Proposed Tax Incentives
To encourage proactive investment in workplace safety and mental health, the following tax incentives should be considered:
Accelerated Capital Allowance (ACA):
For companies investing in ergonomic equipment, safety systems, and mental health infrastructure such as quiet rooms, wellness pods, or digital therapy platforms.
Double Tax Deduction:
For expenses related to Certified occupational safety and health (OSH) training programs
• Mental health awareness campaigns
• Employee assistance programs (EAPs)
• Hiring of certified OSH officers or workplace counsellors
Tax Relief for SMEs:
Special relief for small and medium enterprises that implement basic OSH standards or mental health support mechanisms, recognizing their limited resources.
Incentives for Preventive Health Screenings:
Tax deductions for companies that offer annual health screenings, stress assessments, or burnout prevention programs.
Other Strategic Measures
Beyond tax incentives, Budget 2027 could introduce complementary initiatives to embed a culture of safety and wellness:
Matching Grants:
For companies adopting internationally recognized OSH certifications (e.g., ISO 45001) or mental health frameworks.
National OSH Innovation Fund:
To support R&D in safety technologies, wearable health monitors, and AI-driven risk assessments.
Public-Private Partnerships:
To co-develop training modules, toolkits, and digital platforms for mental health literacy and hazard prevention.
Mandatory Reporting & Benchmarking:
Encourage voluntary disclosure of OSH and mental health metrics, with incentives for top-performing companies.
Recognition Programs:
Establish national awards for exemplary employers in OSH and mental wellness, fostering healthy competition and visibility.
Budget 2027 must reflect our collective commitment to building humane, safe, and future-ready workplaces.
By incentivizing the private sector to lead in this space, we not only protect lives—we unlock higher engagement, lower absenteeism, and stronger economic resilience.
