Social

Company Tax Deduction 2021

Posted on
Here is the list of Company Tax Deduction in year 2021. Quickly jot down and share to your friends! **Don't forget to keep your receipt for at least 7 years!** Commercial Renovation Tax Deduction Under the governmentโ€™s subsidiary plan, business premises that incurred renovation & refurbishment will be eligible for a tax deduction up to [...]
Social

Personal Tax Relief 2021

Posted on
Here is the list of personal tax relief in year 2021. Quickly jot down and share to your friends! **Don't forget to keep your receipt for at least 7 years!** Tax Relief for Individual & Spouse (i) Education RM 7,000 Education fee for tertiary level or postgraduate level (ii) Spouse / Alimony RM 4,000 For [...]
Social

Tax Relief for Sdn Bhd Secretary Fee & Tax Agent Fee

Posted on
๐ƒ๐จ ๐ฒ๐จ๐ฎ ๐ค๐ง๐จ๐ฐ ๐’๐๐ง ๐๐ก๐ ๐’๐ž๐œ๐ซ๐ž๐ญ๐š๐ซ๐ฒ ๐…๐ž๐ž & ๐“๐š๐ฑ ๐€๐ ๐ž๐ง๐ญ ๐…๐ž๐ž ๐š๐ซ๐ž ๐ญ๐š๐ฑ ๐๐ž๐๐ฎ๐œ๐ญ๐ข๐›๐ฅ๐ž? Before YA 2020: Maximum secretary fee deductible amount: RM 5,000 Maximum tax agent fee deductible amount: RM 10,000   Starting from YA 2020: Maximum secretary fee + tax agent fee deductible amount: Combined RM 15,000 Requirements: 1. Deductible Secretary Fee: Monthly/Yearly [...]
Social

Commercial Renovation Tax Exemption

Posted on
Started from 15.12.2020, Malaysia government launch Commercial Renovation and Refurbishment Tax Exemption for public. Commercial renovation and refurbishment between 01.03.2020 to 31.12.2021 can be tax exemption up to RM 300,000! (Basically Renovation belongs to capital expenditure which are not allowed to tax reduction):   Any taxpayer incurs R&R expenses on business premises and the premise [...]
Social

Personal Income Tax Relief

Posted on
The self assessment sytem for individuals (included salaries individuals and sole proprietors) and partnership was implemented with effect with Year of assessment 2004 following the release of the Income Tax (Amendment) Act 2002. Under the self assessment system, no supporting documetns of income tax relief need to be submitted to Inland Revenue Board, but they [...]