Hi,

Anyone knows whether payment for ACCA Annual Subscription Fee and Exam Fees can be claim for Income Tax deductions?

Thanks.

ACCA annual membership fees yes but exam fees no.

This post has been edited by Neptern: Apr 18 2022, 10:26 PM

I see, thanks for the information. Any reason why exam fees not allowed?

For individual tax, only professional membership fees is claimable.

Exam fees not allowed by income tax, at least for individual tax, thus far...

ACCA membership pun boleh claim?

Sure boh under what tax relief

MIA and IIAM also can?

near 10 years dunno this haha. lucky claim from office.

Because LHDN says cannot.

As required for business ... yes

As required for employment .... no

Only those that are still studying for the course can claim? Because should be claim under Education Fees section right?

What about those already fully completed their ACCA? Is claim under which section? Doesn't make sense if also claim under Education Fees, because already finish study

Should be under Education Fees

Haha okok

This post has been edited by klks34: Apr 19 2022, 03:53 PM

prof fees deduct from total income

Asked LHDN officer conducting a seminar at coy the same question. She said to directly deduct against the employment income. Keep your supportings ready when asked.

GL

Yeah confirmed can claim. Already claimed for past 10 yrs + for CPA/MIA membership. Kena audit once & just provide proof & got clearance letter from LHDN.

That's correct. It's actually inside the explanatory notes for the form that you can download from the income tax website.

which section to claim under? i pay so many years liao also dunno can claim....

can I know where to claim? My employment income is fixed and cannot be manually changed when I am filling the BE form.

I always claim my CPA and MIA membership fees under Education.. I kena audit few years back and they accepted the receipts of the memberships

can put under Education although no longer a student?

This is annual membership fees. Need to pay to maintain the CPA and MIA license

This is not for taking the exam or go for classes 😅

ya exactly

that's why i'm curious, sure can put that claim under Education? i tried to search everywhere on the internet where to put but there is no black and white.

i'm afraid the officer is ok with your claim

but then later another officer does audit and say eh cannot put under Education

I've been doing it throughout the years and only once kena audit. The officer also was satisfied with my receipts. Touch wood, hopefully no more future audits 🤞🤣