No cash value means you don't get taxed for it. How to deduct some more?

sorry to say, the forumer is incorrect. it is taxable even if its not a cash. imagine Company giving out a house/car instead of cash bonus, taxable ? the answer is yes. Income tax is NOT based on cash only, else it will be called Cash Received Tax, not Income Tax. sigh, tired with half cooked answers.

for your case, i suppose you already done your Borang E. if its included in Borang E, then fill it in ur Company account, if not better do not disclose these non-cash incentive and you urself have to bear the tax instead of transferring to the employee. but theres loop holes of course. but end of the day, its either if the Company can deduct, meaning the staff have to disclose and kena tax, if the Company cannot deduct then the staff do not have to kena (that is the norm of income tax basically).

as an employer, u will need to prepare Borang E and EA for your staff. and the deal date is 31 march if im not mistaken.

as for Employer it will be inside your tax computation, may it be staff incentive, bonus, gratuity whatever you name it.

as for employee side, it will falls under Paragraph 13(1)(a) which is same category as salary, wages, leave pay, bonus, gratuity. because your Laptop is consider convertible into money, meaning your staff can sell that laptop to get the money.

dear piscess88,

wish to side-track ur post a little cos i noticed some parts of ur content which might be able to answer my query, in the case u r an employee & owns a small business, you should be filing under borang B? thanks so much

Informative page

Wil it make sense? More allowance but low salary?
U can save up to 25% tax with high allowance and low salary.
But, your boss wil pay bonus by calculationg based on monthly salary, you will get same amount of month bonus.
But, total amount of bonus in ringgit is low cos ur slary is low.
Wil it best to save tax but get lower bonus?

If company save on EPF meaning you're getting less money.... EPF is your money, and gets higher interest than any bank account savings/FD you have.

Company save EPF and u loss EPF?