A client came to me recently, visibly frustrated. Both she and her husband had diligently contributed RM8,000 each into their child’s SSPN account—RM16,000 in total—expecting to claim RM16,000 in tax relief. Instead, they discovered they could only claim RM8,000 between them. She looked at me and said: “Why didn’t anyone tell us the rules changed?” If …
Every November, my calendar fills up with the same conversation. Clients message me in a panic, looking for last-minute receipts to lower their tax bill. They’ll buy a new laptop, go for a dental check-up, or renew their medical insurance. And while those are all valid strategies, I always ask them the same question: “Have …
The tax filing season for YA2025 has started, so I have prepared this article for you as a reference. The images below show the personal tax reliefs available to be claimed. Make sure you have the receipts or proof when you claim the respective relief. Keep the proof for at least seven years in case …
Before 2025 ends, let’s see if you can reduce your income tax for this year. This article is about YA2025 income tax for individual resident. In this article, I will only touch on certain tax reliefs. For a full list of available tax reliefs, you may refer to this page from PwC Malaysia (Link). Tax …
The tax filing season for YA2024 has started, so I have prepared this article for you as a reference. The images below show the personal tax reliefs available to be claimed. Make sure you have the receipts or proof when you claim the respective relief. Keep the proof for at least seven years in case …
Before 2024 ends, let’s see if you can reduce your income tax for this year. This article is about YA2024 income tax for individual resident. In this article, I will only touch on certain tax reliefs. For a full list of available tax reliefs, you may refer to this page from PwC Malaysia (Link). Tax …
Private retirement scheme (PRS) has been around since 2012. Currently, there are nine providers, namely AHAM Capital, AIA, AmInvest, Hong Leong Asset Management Bhd, Kenanga Investors, Manulife Investment Management, Principal Asset Management, Public Mutual, and RHB Am. To know more about PRS, you may click here. Benefit The main benefit of PRS is its tax …
The tax filing season for YA2023 has started, so I have prepared this article for you as a reference. The images below show the personal tax reliefs available to be claimed. Make sure you have the receipts or proof when you claim the respective relief. Keep the proof for at least seven years in case …
Before 2023 ends, let’s see if you can reduce your income tax for this year. This article is about YA2023 income tax for individual resident. I will only touch on certain tax reliefs. For a full list of available tax reliefs, you may refer to this page from PwC Malaysia (Link). Tax reliefs to be …
