It should be 'Computer[/COLOR]'....what dual language are you using?

It should be 'can be accounted for under PER'

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Added on March 18, 2012, 12:25 amyes, my mistake.

This post has been edited by White Knight: Mar 18 2012, 12:25 AM

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This post has been edited by ComingBackSoon: Mar 18 2012, 04:34 AM

Since got so many ACCA students here. To all those F6/P6 Malaysian variant students.

I wanna ask.

If I incur medical expenses, is it tax deductible?

And part-time education tuition fees, is it tax deductible?

Sorry la...my tax knowledge already rotten long time ago.

Thanks ya...

mediacal expense can claim personal relief..
edu fees depends on wat course u takin (relief) or whether ur company paying for u (reimbursement)..

I have both BPP textbook and revision kit for P1-P3 for 2011 December sitting, in total 6 books, and I'm selling for RM200 (original price is 150 pounds, which is roughly RM750).Except P2 study text and P1 revision kit, others are quite clean because I mainly relied on lecture notes and didn't highlight or write on the book.

In addition to that I will be giving Kaplan P3 textbook which is completely NEW for FREE!

Price is negotiable

Anyone who interested can reply here or send message to me~

This post has been edited by juky: Mar 18 2012, 06:26 PM

Thanks a lot.

as per the latest feedback from one of our members here, you need to start from FIA instead of ACCA F1 even for mature students (21 years old and above)

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Added on March 19, 2012, 9:16 amnot all medical expenses for yourself are deductible, only for serious disease such as heart problem, cancer, diabetes etc or other illness certified by doctor as serious disease

This post has been edited by nothingz: Mar 19 2012, 09:16 AM

can anyone tell me what is the difference between investment tax allowance (ITA) and reinvestment allowance (RA)?

other than qualifying projects, 36 months at least after commenced operation, tax resident company?

precisely, i'm looking for the reason company choose ITA over RA and vice versa since the incentives are very similar

Ohhh, i see.

ok here is my true story.

I'm working full time.

I took some normal blood test for my personal annual medical check-up. I did not claim from company since I did it at BP Health Lab.

Also, I'm doing part-time postgraduate studies at a local public university. I did not claim from company.

Is that blood test medical expenses deductible?

And

Is the tuition fees in a local public university deductible?

Thanks in advance, bro.

This post has been edited by Blofeld: Mar 21 2012, 10:31 PM

You can try to log into the LHDN website and look for the answers to your questions.
I am not so sure about Msian tax but under Aust tax, if your field of study is relevant to your current occupation, then it's deductible.

ITA and Pioneer Status you need to apply to Ministry of Finance or MIDA. RA you don't need to apply, you can just claim if you feel that you are qualified. RA is limited to manufacturing/agricultural (rearing chickens and ducks) companies while ITA and Pioneer status are not.

Capital intensive projects will better go for ITA instead of Pioneer Status. Those cash cows/high level profit companies better go for Pioneer Status. 2 of them are mutually exclusive (choose either one). ITA and Pioneer Status are awarded to approved projects such as R & D, agriculture, tourism (hotels) etc.

RA is only for manufacturing/agricultural companies who meets the criterias, such as modernisation. The definition of manufacturing was redefined by IRB in 2010 (IINM) therefore read carefully. The scope that ITA claims should be wider than RA

medical check up can claim up to RM500 annually under the self medical fees relief. part time studies can claim personal relief depends on what field you are studying. this should be the list you can claim - law, accounting, Islamic financing, technical, vocational, industrial, scientific or technological skills or qualifications

This post has been edited by nothingz: Mar 22 2012, 09:05 AM

I am amazed and you're a real tax expert. Well done. This is the quality of acca grad.

these are basics only, i only know little since these are rare cases

This post has been edited by nothingz: Mar 22 2012, 09:07 AM

actually...for RA , approved project and agriculture are allowed to use it as well ..

the difference you mentioned earlier I already know about it, apart from the % thing on Statutory income and QCE for different industries for ITA

it's harder to know what split ITA and RA apart

my lecturer said usually IRB will suggest company who failed to get ITA to apply RA if i'm not mistaken...

then she asked us to find out what's the difference...

for tax treatment it's really similar... unabsorbed allowance and business loss can be c/f..just tat RA can be used for 15 consecutive years

so like for manufacturing company who can apply either ITA or RA (ignore PS) .. how to choose since I duno how to determine

which 1 is better?

This post has been edited by tzxsean: Mar 22 2012, 11:15 AM

ITA you need to apply from MOF or MIDA but RA, you don't need to do any application.

for the rest, read what i sent to you

please improve your grammar...

It should be:

i am amazed that you are a real tax expert... well done... this is the quality of an acca grad...

This post has been edited by muppet: Mar 22 2012, 03:18 PM

I don't find that there's anything wrong with my sentence & neither is yours. Yes I agree with you that I missed out the word "an"

'I am amazed' - means that I am impressed with nothingz's tax knowledge.
'You are a tax expert' - what I meant was nothingz is indeed a tax master.

I was trying to explain 2 different attributes of nothingz, that's why I used "and".

I wasn't trying to explain that those 2 attributes are interlinked with one another, that's why I didn't use "that".

I noticed that you have deleted most of your previous posts. Why? afraid I might point out your errors again?
In your latest post, it seems that you're using proper English unlike all your past posts. You must have been getting help from someone to check your English before posting any comments here. Am I right?

Is here an English as Language thread?

This post has been edited by caillech: Mar 22 2012, 08:51 PM

i did not delete my previous posts... they are still available... yes, i am getting help from my friend to improve the standard of english on lowyat... do you have a problem with that??