Updated: Nov 9, 2022
To Download Budget 2023 Speech and some other related publications - https://t.me/YourAuditor/3276
An employer is allowed a further deduction on remuneration paid to the following categories of employees:
a senior citizen who shall be 60 years and above
a supervised person, or
an ex-drug dependant.
To qualify for further deduction, the following conditions apply:
the employee is employed on a full-time basis;
the monthly remuneration does not exceed RM4,000
the employer and employee are not the same person
the employer is not —
a parent (including a step-parent or parent-in-law)
a child (including a step-child or adopted child)
a brother or sister (including step-brother or step-sister), or
a grandparent or a grandchild (including a step-grandparent or a step-child), and
the employer must produce a written confirmation from the Malaysian Prison Department or the National Anti-Drugs Agency in the case of an ex-drug dependant.
The tax incentive is given until year of assessment 2025.
In line with Malaysia's Sustainable Development Goals (SDG) 2030 which aimed to provide suitable job opportunities without neglecting certain group, it is proposed the scope of tax incentive be expanded to include remuneration paid to inmate and ex-inmate of:
Henry Gurney School under Malaysian Prison Department,
Protection and Rehabilitation Institution; and
Registered Care Centres under the Social Welfare Department.
From the year of assessment 2023 until the year of assessment 2025.
Our website's articles, templates, and material are solely for reference. Although we make every effort to keep the information up to date and accurate, we make no representations or warranties of any kind, either express or implied, regarding the website or the information, articles, templates, or related graphics that are contained on the website in terms of its completeness, accuracy, reliability, suitability, or availability. Any reliance on such information is therefore strictly at your own risk.
Keep in touch with us so that you can receive timely updates |
6. LinkedIn ✍ https://www.linkedin.com/company/74734209/admin/