Hello people! As all of us may know, or some who are oblivious, our parents have to declare and send in their Income Tax payable statement to the Inland Board of Revenue Malaysia by 1st of April every year. Here are some tips where we as children can help them save tax the legal way!
1) Collect and pass them all receipts of bought books!
- Receipts of books from popular, MPH etc enables them to deduct a maximum amount of RM1000!
(Here books will exclude newspapers and banned reading magazines.)
2) Receipts of purchases of sport equipment
- Receipts of sport equipment can enable them to have a maximum amount of RM300 deductions!
(Sport equipment includes golf balls & shuttlecocks, Exclude Sport wears and Sport Shoes)
3) Personal computer
- Purchasing a laptop (personal computer) will enable deductions maximum up to RM3000 of the Income Tax!
Our parents have been running in and out day and night just to ensure that us as children gets to live life to the fullest. When we are busy growing up and enjoying life, make sure to care for them and share with them experiences by spending some time with them! Every working Malaysian is liable to Income tax and by doing our part we can at least contribute something or so!
Sincerly,
CXZ
1) Collect and pass them all receipts of bought books!
- Receipts of books from popular, MPH etc enables them to deduct a maximum amount of RM1000!
(Here books will exclude newspapers and banned reading magazines.)
2) Receipts of purchases of sport equipment
- Receipts of sport equipment can enable them to have a maximum amount of RM300 deductions!
(Sport equipment includes golf balls & shuttlecocks, Exclude Sport wears and Sport Shoes)
3) Personal computer
- Purchasing a laptop (personal computer) will enable deductions maximum up to RM3000 of the Income Tax!
Our parents have been running in and out day and night just to ensure that us as children gets to live life to the fullest. When we are busy growing up and enjoying life, make sure to care for them and share with them experiences by spending some time with them! Every working Malaysian is liable to Income tax and by doing our part we can at least contribute something or so!
Sincerly,
CXZ







