Update on Tax Exempted Perquisites from Employment

How to save tax on employee remuneration? Part 2

Update on Tax Exempted Perquisites from Employment

Federal Government has gazetted the PU(A)30 Income Tax (Exemption) Order 2021 on 26.01.2021

But what is this???

PU(A)30 Income Tax (Exemption) Order 2021
Employee can enjoy the tax exemption in YA2020 up to RM5,000 from receiving the value of benefits on acquiring smartphone, tablets and personal computer!!

What other tax exemption on perquisite for YA2020?

  • Innovation or productivity award - RM2,000 exemption

  • Subsidies on interest : Housing, education or car loan - RM300,000

  • Gifts and monthly bills for fixed line telephone, mobile phone, pager, personal digital assistant (PDA) and subscription of broadband - Limited to only 1 unit for each category of assets

  • Travelling allowance, Petrol allowance or Toll rate - RM6,000 exemption

  • Parking rate or parking allowance - Reasonable

  • Meal allowance : Daily or monthly basis

  • Child care allowance : - RM2,400 - Age of 12 years

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