Tax Relief for Individual & Spouse
(i) Education Fees RM 7,000
- Education fee for tertiary level or postgraduate level
- Course of study undertaken for the purpose of up-skiling or self-enhancement (Limit to RM 2,000)
(ii) Spouse / Alimony RM 4,000
- For spouse without income
- Alimony to former wife (Agreement needed)
Medical or insurance expenses
(i) Life insurance RM 3,000
- Life insurance premium (Self & spouse)
(ii) Education or medical insurance RM 3,000
- Insurance premium for education or medical benefit (Self, spouse & children)
(iii) Medical expenses on serious diseases RM 8,000
- Medical expenses for serious illnesses (Self, spouse & children)
- Cost of fertility treatment for married couples
- Complete medical examination and COVID-19 detection test (Limit to RM 1,000)
- Vaccination expenses (Limit to RM 1,000)
Tax Relief for Parents
(i) Medical expenses for parents RM 8,000
- Including medical treatment expenses, special needs or carer expenses
*Tax relief for parental care has been canceled in Y.A. 2021.
Tax Relief for Whole Family (Individual, spouse, and child)
(i) Lifestyle RM 2,500
- Books & Magazines
- Sport equipment
- Computer, smartphone and tablet
- Broadband
- Gymnasium membership fee
(ii) Lifestyle RM 2,500 (End on 31.12.2022)
- Purchase of PC, smartphone / tablet
(iii) Sport Equipment RM 500
- Purchase of sports equipment, rental/entry fees for sports facilities & registration fees in sports competition
(iv) Qualifying domestic travel expenses RM 1,000 (End on 31.12.2022)
- Accommodation fees on tourist accommodation premises registered with the MOTAC
- Entrance fees to tourist attractions
(v) Expenses related to Electric Vehicle (EV) charging facilities RM 2,500
- Including installation, rental, hire-purchase of equipment or subscription fees (Tax relief for Y.A. 2022 & 2023)
Tax Relief for Child
(i) Fees paid to childcare centres and kindergartens RM 3,000
- Only for child aged up to 6 years of age
- Childcare centres or kindergartens registered with the Department of Social Welfare (SWD) or Ministry of Education (MOE).
(ii) Ordinary Child Relief
- Child aged below 18 who are still in education: RM 2,000
- Child aged above 18 with following condition: RM 8,000
- Study at a university or college Malaysia (except for certificate, matriculation or preparatory courses).
- Pursuing degree or higher education program abroad (including a master’s or doctorate).
- The instruction and educational establishment shall be approved by the relevant government authority
(iii) Breastfeeding Equipment RM 1,000
- Only applicable to working women with child aged under 2 years
- Claim once every 2 years
Tax relief related to Government-Related Departments
(i) PRS RM 3,000 (Extended to Y.A. 2025)
- Private Retirement Scheme (PRS) contributions and deferred annuity scheme premium
(ii) EPF RM 4,000
- EPF contribution
(iii)SOSCO & EIS RM 350
- SOCSO & EIS contributions
(vi) SSPN Scheme RM 8,000 (Extended to Y.A. 2024)
- Net saving in National Education Saving Scheme (SSPN) for child
Tax Relief for Disabled Person
(i) Disabled Individual RM 6,000
(ii) Disabled Spouse RM 5,000
(iii) Disabled Child RM 6,000
- For Child aged under 18 who are still in education
- Additional RM 8,000 relief for unmarried children over 18 years old who are:
- Pursuing diplomas or above qualification in Malaysia
- Pursuing Bachelor Degree or above qualification abroad
(iv) Basic supporting equipment (For disabled individual, spouse, child or parent) RM 6,000
Looking for a tax agent? We can help you! Just contact us now!