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 Personal relief Income tax, legally, reduce income tax

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MUM
post Jul 18 2019, 08:29 PM

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QUOTE(simplesmile @ Jul 18 2019, 08:15 PM)
1. Parents relief.
What to ask, if my parents have income, then can I still claim the RM3k parent relief?

2. What is a "full medical check up"?
I Googled. The hospitals provide so many types of health check packages. Which one is considered "full" check-up?
3. Education. This one is weird.
Education Fees (Self)
(i) Other than a degree at Masters or Doctorate level-for acquiring law, accounting, Islamic financing, technical, vocational, industrial, scientific or technological skills or qualifications;
(ii) Degree at Masters or Doctorate level-for acquiring any skills or qualification

Wouldn't (ii) overried (i)?
(i) says law.. accounting, cannot claim.
(ii) says everything can claim.
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1. Parents relief.
What to ask, if my parents have income, then can I still claim the RM3k parent relief?
c) Monthly income that does not exceed RM2,000 or yearly income that does not exceed RM24,000 for the father or mother means any income that is obtained from salary, business gains, pensions, interest (including interest from fixed deposit) and etc.
Read more at https://www.thestar.com.my/opinion/letters/...YpawltFPwQi2.99

2. What is a "full medical check up"?
> What are the tests we need to do to be considered for tax relief under “full medical check-up”?
A complete medical examination or full medical check-up is defined by the Malaysian Medical Council (MMC) as:
1. Physical examination: checking weight, blood pressure, eyes, ears, nose and throat, examining your neck for the size of the thyroid gland and any enlarged lymph nodes, listening to your chest and heart as well as breast and abdominal examination;
2. Laboratory tests: blood tests, urine analysis and pap smear. Blood test checking on your cholesterol level, thyroid hormones, complete blood count; and/or
3. Consultation by attending doctor

Read more at https://www.thestar.com.my/news/nation/2012...GYU8pT6hHsDt.99

Education Fees (Self)
i) is not a degree....undergraduates diplomas of other field?
ii) is Degree....
https://ringgitplus.com/en/blog/Personal-Fi...ly-Are-Not.html

fastreader
post Dec 9 2019, 11:03 PM

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What is meant by takaful insurance? isit different from Life insurance? or takaful insurance also has elements of life insurance in it? Thanks

MUM
post Dec 9 2019, 11:07 PM

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QUOTE(fastreader @ Dec 9 2019, 11:03 PM)
What is meant by takaful insurance? isit different from Life insurance? or takaful insurance also has elements of life insurance in it? Thanks
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What Is Takaful And How Is It Different vs Conventional Life Insurance?
https://www.comparehero.my/insurance/articl...-life-insurance

https://www.takaful-malaysia.com.my/sme/faq.pdf

https://www.google.com/search?source=hp&ei=...131.v8MDV6AqDfc
SUSDaylight2018
post Dec 18 2019, 11:34 AM

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Anyone know what is the list of exemptions for 2018?
Did some googling can't seem to find it
fun_feng
post Dec 18 2019, 12:15 PM

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QUOTE(Daylight2018 @ Dec 18 2019, 11:34 AM)
Anyone know what is the list of exemptions for 2018?
Did some googling can't seem to find it
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AFAIK, it's more or less the same..
Jamespcr19
post Dec 18 2019, 01:24 PM

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They say SSPN is entitled to income tax reduction as well?
l4nc3k
post Dec 18 2019, 07:20 PM

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QUOTE(Jamespcr19 @ Dec 18 2019, 01:24 PM)
They say SSPN is entitled to income tax reduction as well?
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Only if you are a parent.

For those single / married without kids, can only claim if you are forking out own money to study
SUSDaylight2018
post Dec 18 2019, 10:53 PM

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QUOTE(fun_feng @ Dec 18 2019, 12:15 PM)
AFAIK, it's more or less the same..
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QUOTE(PlanNERD @ Dec 18 2019, 08:07 PM)
Thanks
w3sley
post Dec 22 2019, 02:09 AM

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Hi guys, where to find further details on tax waiver? For eg. I rmb last time for entertainment, can only claim once per 2 year or smth like that. Can please share the link? Thanks!
MUM
post Dec 22 2019, 08:56 AM

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QUOTE(w3sley @ Dec 22 2019, 02:09 AM)
Hi guys, where to find further details on tax waiver? For eg. I rmb last time for entertainment, can only claim once per 2 year or smth like that. Can please share the link? Thanks!
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Will you be submitting form B, Be or?
w3sley
post Dec 22 2019, 10:50 AM

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QUOTE(MUM @ Dec 22 2019, 08:56 AM)
Will you be submitting form B, Be or?
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BE. What's the criteria to fit B other than being insurance agent? Thank you for the reply
MUM
post Dec 22 2019, 11:34 AM

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QUOTE(w3sley @ Dec 22 2019, 02:09 AM)
Hi guys, where to find further details on tax waiver? For eg. I rmb last time for entertainment, can only claim once per 2 year or smth like that. Can please share the link? Thanks!
*
QUOTE(MUM @ Dec 22 2019, 08:56 AM)
Will you be submitting form B, Be or?
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QUOTE(w3sley @ Dec 22 2019, 10:50 AM)
BE. What's the criteria to fit B other than being insurance agent? Thank you for the reply
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for BE tax relief....
try this
start from part F, page 11
http://lampiran1.hasil.gov.my/pdf/pdfam/Ex...es_BE2018_2.pdf

I don't think there is any relief for entertainment....

on this "What's the criteria to fit B other than being insurance agent?"

Q1: Who needs to furnish Form B?
A1: Form B needs to be furnished by an individual who is resident in Malaysia and carries on a business.

examples....
housing agents, small business, private tutor, etc etc....?

http://lampiran1.hasil.gov.my/pdf/pdfam/FA..._11042011_1.pdf


neverfap
post Dec 22 2019, 12:40 PM

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QUOTE(MUM @ Dec 22 2019, 11:34 AM)
for BE tax relief....
try this
start from part F, page 11
http://lampiran1.hasil.gov.my/pdf/pdfam/Ex...es_BE2018_2.pdf

I don't think there is any relief for entertainment....

on this "What's the criteria to fit B other than being insurance agent?"

Q1: Who needs to furnish Form B?
A1: Form B needs to be furnished by an individual who is resident in Malaysia and carries on a business. 

examples....
housing agents, small business, private tutor, etc etc....?

http://lampiran1.hasil.gov.my/pdf/pdfam/FA..._11042011_1.pdf
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I think he meant the lifestyle expenses tax relief

MUM
post Dec 22 2019, 01:20 PM

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QUOTE(neverfap @ Dec 22 2019, 12:40 PM)
I think he meant the lifestyle expenses tax relief
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In that case.... I think there Cannot find which/what items in the lifestyles tax relief that only can claim 2 yrs once...
Do you know of any?
neverfap
post Dec 22 2019, 02:20 PM

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QUOTE(MUM @ Dec 22 2019, 01:20 PM)
In that case.... I think there Cannot find which/what items in the lifestyles tax relief that only can claim 2 yrs once...
Do you know of any?
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None too. Previously saw someone posted in Lyn I think. But not official, just random comment/post
Jamespcr19
post Dec 22 2019, 04:18 PM

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QUOTE(l4nc3k @ Dec 18 2019, 07:20 PM)
Only if you are a parent.

For those single / married without kids, can only claim if you are forking out own money to study
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Oh I see, I thought they're trying to encourage us to save money as well. By saving money in the account, can get tax reduction sad.gif
w3sley
post Dec 22 2019, 11:27 PM

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QUOTE(MUM @ Dec 22 2019, 11:34 AM)
for BE tax relief....
try this
start from part F, page 11
http://lampiran1.hasil.gov.my/pdf/pdfam/Ex...es_BE2018_2.pdf

I don't think there is any relief for entertainment....

on this "What's the criteria to fit B other than being insurance agent?"

Q1: Who needs to furnish Form B?
A1: Form B needs to be furnished by an individual who is resident in Malaysia and carries on a business. 

examples....
housing agents, small business, private tutor, etc etc....?

http://lampiran1.hasil.gov.my/pdf/pdfam/FA..._11042011_1.pdf
*
Thank you for sharing the pdf, just the one I am looking for but unable to find the terms and conditions if its annually or 2year once?

QUOTE(neverfap @ Dec 22 2019, 02:20 PM)
None too. Previously saw someone posted in Lyn I think. But not official, just random comment/post
*
Yes, any idea? Anyone able to clarify? Thanks!
MUM
post Dec 22 2019, 11:38 PM

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QUOTE(w3sley @ Dec 22 2019, 11:27 PM)
Thank you for sharing the pdf, just the one I am looking for but unable to find the terms and conditions if its annually or 2year once?

Yes, any idea? Anyone able to clarify? Thanks!
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Lifestyle tax relief ls every year max rm2500.. Subjected to the condition per that link
w3sley
post Dec 22 2019, 11:49 PM

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QUOTE(MUM @ Dec 22 2019, 11:38 PM)
Lifestyle tax relief ls every year max rm2500.. Subjected to the condition per that link
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Hi MUM, thank you for the prompt reply.

Is there restriction like can only claim once for 2year?
Eg. Can only claim purchase of computer or phone or tablet once per 2year?

For mobile plan, can the total including call and data be considered or only the plan itself?
MUM
post Dec 22 2019, 11:56 PM

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QUOTE(w3sley @ Dec 22 2019, 11:49 PM)
Hi MUM, thank you for the prompt reply.

Is there restriction like can only claim once for 2year?
Eg. Can only claim purchase of computer or phone or tablet once per 2year?

For mobile plan, can the total including call and data be considered or only the plan itself?
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Read clause F8 ...page 13 of that link
the answer is there.....

found this 2 yrs once item....
F9 Purchase of breastfeeding equipment for own use for a child aged 2 years and below
......
(d) This deduction is only allowed ONCE in every two (2) years of assessment.

This post has been edited by MUM: Dec 22 2019, 11:58 PM

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