The complete guide on personal tax relief 2020
We urge you to do the following things in December 2020 for personal tax relief :
You can decide the tax saving for your personal tax granted by Lembaga Hasil Dalam Negeri (LHDN).
1. Medical treatment RM5,000
2. Education expenses RM7,000
3. Medical expenses RM5,500
4. Medical check up RM500
5. Lifestyle RM2,500+RM2,500
6. Breastfeeding equipment RM1,000
7. Kindergarden & child care RM3,000
8. SSPN RM8,000
9. PRS RM3,000
10. Local travelling RM1,000
& more....
Here is a complete tax relief checklist at a glance.
Click Personal Tax Relief Year 2020
Here is a infographic on personal relief 2020 at a glace
https://bit.ly/3g9Vgok
PS : Taxpayer must keep your receipt/invoice properly to avoid any penalty imposed by LHDN!
𝐒𝐨𝐮𝐫𝐜𝐞:
Public ruling 8/2020 Taxation of a resident individual Part 1 – Gifts or Contributions and Allowable Deductions
http://lampiran1.hasil.gov.my/pdf/pdfam/PR_08_2020.pdf
Visit us www.ktp.com.my
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