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> Tax Rebate for Sports and Exercise Equipment, What is covered?

Dannyl
post Apr 30 2008, 10:42 AM


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Hi guys,

Let me quote: You will get a deduction of RM 300 for each year of assessment for the purchase of sports and exercise equipment for any sports activities defined under the Sport Development Act 1997.

(Source: http://e-malabari.net/finance/reducetax1.htm, point #9)

This starts in 2008. So my question is, what kinds of equipment are covered? How about these:

Sports clothing (including shoes; maybe not, otherwise we'll all be wearing Nikes)
Sporting goods (mats, dumbbells, racquets, etc)
Exercise equipment (benches, treadmills, stationery bikes, etc)
Electronic equipments (heart-rate monitors, etc)

Too bad they don't cover health supplements drool.gif
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mancy
post Apr 30 2008, 10:47 AM


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i think anything regarding sports can...
than means 1 new nike @ adidas shoes every year or footie jersey...
muhahaha...
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kianweic
post Apr 30 2008, 11:01 AM


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QUOTE(Dannyl @ Apr 30 2008, 10:42 AM)
Hi guys,

Let me quote:  You will get a deduction of RM 300 for each year of assessment for the purchase of sports and exercise equipment for any sports activities defined under the Sport Development Act 1997.

(Source:  http://e-malabari.net/finance/reducetax1.htm, point #9)

This starts in 2008.  So my question is, what kinds of equipment are covered?  How about these:

Sports clothing (including shoes; maybe not, otherwise we'll all be wearing Nikes)
Sporting goods (mats, dumbbells, racquets, etc)
Exercise equipment (benches, treadmills, stationery bikes, etc)
Electronic equipments (heart-rate monitors, etc)

Too bad they don't cover health supplements  drool.gif
*
I think you can only get deduction from that on 2009 when you do your tax return for 2008.

Sorry I might be wrong, I will need to have a look on the 2007 and 2008 Tax Budget. Worst of all it's in the boxes.

Cheers
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yeeck
post Apr 30 2008, 01:08 PM


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QUOTE(kianweic @ Apr 30 2008, 11:01 AM)
I think you can only get deduction from that on 2009 when you do your tax return for 2008.

Sorry I might be wrong, I will need to have a look on the 2007 and 2008 Tax Budget. Worst of all it's in the boxes.

Cheers
*
Purchase of sports and exercise equipment including all types of racquets and balls, threadmills, exercise bikes and air walkers - max relief RM300. I suppose I can include badminton shuttlecocks which costs almost RM50 per tube these days. Don't think clothing and shoes count but if you wanna take the risk...hehe.

This post has been edited by yeeck: Apr 30 2008, 01:10 PM
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red-queen
post Apr 30 2008, 03:23 PM


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so dumbbells, barbells all can get rebate?
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kuntaker
post Apr 30 2008, 05:11 PM


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i dun think is this year bah..
suppose nex year tax compute ba
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Polaris
post Apr 30 2008, 06:06 PM


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One mini-machine is already more than 300.. even powerball is almost 200.
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yeeck
post May 3 2008, 12:01 AM


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Ya...just put in ur returns lah....make sure you keep the receipts.
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lambertlai
post May 3 2008, 12:21 AM


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Impossible..................
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kianweic
post May 3 2008, 08:06 AM


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I think it should be like RM2k of tax relief. RM300 maybe just enough to buy a set of dumbbells and some sport equipments.

Definitely not enough to buy a treadmill or crosstrainer machine.

Would be nice to have my own set of cardio equipments and free weights equipment at home, can work out early in the morning at home before going to work.

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spana
post May 5 2008, 11:45 AM


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The question is whether this RM300 is deductable from: -

1. Total Taxable Income.

OR

2. The Actual Tax payable.

Eg. if my total taxable income is RM100,000 a year and this RM300 is deducted from here...then this tax relief is just peanuts....

but if my taxable income is RM100,000 and the total tax payable is lets say RM8,000... if this RM300 is deducted from here, then it is very much worth it.... my net tax payable will be RM7,700. this is huge man....

anyone can clarify this.... ???
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oRoXoRo
post May 5 2008, 05:58 PM


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if not mistaken...deduct from the total taxable income..pelepasan cukai rm300 right?
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Dannyl
post May 5 2008, 08:28 PM


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QUOTE(kianweic @ May 3 2008, 08:06 AM)
I think it should be like RM2k of tax relief. RM300 maybe just enough to buy a set of dumbbells and some sport equipments.

Definitely not enough to buy a treadmill or crosstrainer machine.

Would be nice to have my own set of cardio equipments and free weights equipment at home, can work out early in the morning at home before going to work.
*
Well, hopefully the government realises the importance of exercising and the amount will go up in the future. Just like the tax relief for books, remember? RM300 then RM500, RM700, then last year it was RM1000.

QUOTE(oRoXoRo @ May 5 2008, 05:58 PM)
if not mistaken...deduct from the total taxable income..pelepasan cukai rm300 right?
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Yes total taxable income.
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oRoXoRo
post May 6 2008, 11:48 AM


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its deduct from total taxable income..its like nothing..sleep.gif but u can save few RM...
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NaiveLady
post Jun 22 2008, 04:12 PM


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Tax relief up to a maximum of RM 300 a year be given on purchase of sports equipment.
• Defination of sports under Sports Development Act 1997.

The following activities are regarded as sports for the purposes of this Act:
1. Archery
2. Athletics
3. Aquatics
4. Automobile Sports
5. Badminton
6. Basketball
7. Billiards and Snooker
8. Body Building
9. Bowling
10. Boxing
11. Cricket
12. Cycling
13. Equestrian Sports
14. Fencing
15. Foolball
16. Golf
17. Gymnastics
18. Handball
19. Hockey
20. Judo
21. Karate Do
22. Lawn Bowls
23. Netball
24. Rugby
25. Sepak Takraw
26. Shooting
27. Silat Olahraga
28. Soft Tennis
29. Softball
30. Squash
31. Table Tennis
32. Tae kwan do
33. Tennis
34. Volleyball
35. Waterski
36. Weightlifting
37. Wrestling
38. Wushu
39. Yachting
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jfashion33
post Jun 22 2008, 06:40 PM


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QUOTE(Dannyl @ Apr 30 2008, 10:42 AM)
Hi guys,

Let me quote:  You will get a deduction of RM 300 for each year of assessment for the purchase of sports and exercise equipment for any sports activities defined under the Sport Development Act 1997.

(Source:  http://e-malabari.net/finance/reducetax1.htm, point #9)

This starts in 2008.  So my question is, what kinds of equipment are covered?  How about these:

Sports clothing (including shoes; maybe not, otherwise we'll all be wearing Nikes)
Sporting goods (mats, dumbbells, racquets, etc)
Exercise equipment (benches, treadmills, stationery bikes, etc)
Electronic equipments (heart-rate monitors, etc)

Too bad they don't cover health supplements  drool.gif
*
QUOTE(mancy @ Apr 30 2008, 10:47 AM)
i think anything regarding sports can...
than means 1 new nike @ adidas shoes every year or footie jersey...
muhahaha...
*
hehe if so..that a good news to many people out there....btw is the sport clothing really tax rebate-able???

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hypersushi
post Aug 16 2008, 11:26 AM


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QUOTE(NaiveLady @ Jun 22 2008, 04:12 PM)
Tax relief up to a maximum of RM 300 a year be given on purchase of sports equipment.
• Defination of sports under Sports Development Act 1997.

The following activities are regarded as sports for the purposes of this Act:
1. Archery
2. Athletics
3. Aquatics
4. Automobile Sports
5. Badminton
6. Basketball
7. Billiards and Snooker
8. Body Building
9. Bowling
10. Boxing
11. Cricket
12. Cycling
13. Equestrian Sports
14. Fencing
15. Foolball
16. Golf
17. Gymnastics
18. Handball
19. Hockey
20. Judo
21. Karate Do
22. Lawn Bowls
23. Netball
24. Rugby
25. Sepak Takraw
26. Shooting
27. Silat Olahraga
28. Soft Tennis
29. Softball
30. Squash
31. Table Tennis
32. Tae kwan do
33. Tennis
34. Volleyball
35. Waterski
36. Weightlifting
37. Wrestling
38. Wushu
39. Yachting
*
What? Fishing not considered a sport??? dammmm.... BTW, where did you get this info? I can't find it via google.
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Jackieboy
post Oct 24 2008, 01:56 AM


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So does this mean that

a) running / jogging shoes can be claimed?
b) Or if i buy a bicycle (mountain / racing) can be claimed?
c) Shuttlecocks?
d) Football/basketball jerseys?

This post has been edited by Jackieboy: Oct 24 2008, 01:59 AM
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findecano1
post Jan 25 2009, 03:26 PM


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Found this a little too late. RM300? DArn IT! My Yonex costs more than that. sad.gif Where got enough cover?
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jonjon87
post Jan 27 2009, 10:31 PM


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Sports equipment....can these be used for tax reduction:

lets say,
badminton - racket holder, shuttle cock
cycling - helmet, shoes,

Or i do i need to get the MAIN equipment only can reduce?
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ronnie
post Apr 13 2009, 04:38 PM


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Shuttle cocks and Racquet can be tax relief-ed
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shahiwan
post Apr 23 2009, 09:43 AM


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PEMBELIAN PERALATAN
SUKAN UNTUK AKTIVITI
SUKAN
Potongan cukai sebanyak RM300 diberi atas pembelian peralatan sukan yang dilakukan
oleh individu untuk aktiviti sukan mengikut jenis sukan yang disenaraikan dalam Akta
Pembangunan Sukan 1997. Peralatan sukan termasuk alat-alat yang mempunyai jangka
hayat yang singkat seperti bola golf dan bulu tangkis tetapi tidak termasuk pakaian sukan,
contoh: pakaian renang dan kasut sukan. Perenggan 46(1)(l)





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scoop7
post Apr 23 2009, 10:57 AM


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QUOTE(shahiwan @ Apr 23 2009, 09:43 AM)
PEMBELIAN PERALATAN
SUKAN UNTUK AKTIVITI
SUKAN
Potongan cukai sebanyak RM300 diberi atas pembelian peralatan sukan yang dilakukan
oleh individu untuk aktiviti sukan mengikut jenis sukan yang disenaraikan dalam Akta
Pembangunan Sukan 1997. Peralatan sukan termasuk alat-alat yang mempunyai jangka
hayat yang singkat seperti bola golf dan bulu tangkis tetapi tidak termasuk pakaian sukan,
contoh: pakaian renang dan kasut sukan. Perenggan 46(1)(l)
*
this means runnning shoes cannot lor cry.gif
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siksa
post Apr 23 2009, 11:44 AM


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Where Do You Guys Got All This Info? I Need To Know What Else Can Be Tax Rebated? Thanks. thumbup.gif

This post has been edited by siksa: Apr 23 2009, 11:45 AM
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dream.angels
post Apr 23 2009, 04:24 PM


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"Included quite a number of sports equipment including bodybuilding.
Excludes sportswear, sports shoes. Also excluding kid's bicycles unless it's for competition.
Golfballs and shuttlecocks can be rebated from income tax claims."

got this off another thread here on lyn..
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WoodStock
post Dec 28 2010, 11:15 AM


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do renting a badminton court, eligible for tax deduction??
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stacko
post Dec 29 2010, 02:08 PM


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I'm interested to get a stationary exercise bike. Is it considered a sports item for tax deduction?

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rubrubrub
post Jan 4 2011, 12:55 AM


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QUOTE(stacko @ Dec 29 2010, 02:08 PM)
I'm interested to get a stationary exercise bike. Is it considered a sports item for tax deduction?
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yes i think it is eligible.
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evilizlan
post Feb 18 2012, 08:50 PM


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like this link.. he is fighting for increment of tax exempt.. http://www.facebook.com/permalink.php?stor...01¬if_t=like
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coolie
post Feb 19 2012, 11:44 PM


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I'm fighting for tax relief from importing sporting goods!!!
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rstusa
post Apr 26 2012, 02:32 PM


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I want to know this tax rebate include the Marathon joining fee or not?
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extremepower
post Apr 26 2012, 02:55 PM


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Band Aid
post Apr 11 2013, 06:55 AM


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QUOTE(rstusa @ Apr 26 2012, 03:32 PM)
I want to know this tax rebate include the Marathon joining fee or not?
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QUOTE
From Akta 576 - Akta Pembangunan Sukan 1997)

Pembangunan Sukan

JADUAL PERTAMA

(seksyen 2)

Aktiviti yang berikut adalah dikira sebagai sukan bagi maksud Akta ini:

1. Memanah
2. Olahraga
3. Sukan Air
4. Sukan Bermotor
5. Badminton
6. Bola Keranjang
7. Biliard dan Snuker
8. Bina Badan
9. Boling
10. Tinju
11. Kriket
12. Lumba Basikal
13. Sukan Ekuestrian
14. Lawan Pedang
15. Bola Sepak
16. Golf
17. Gimnastik
18. Bola Baling
19. Hoki
20. Judo
21. Karate Do
22. Boling Padang
23. Bola Jaring
24. Ragbi
25. Sepak Takraw
26. Menembak
27. Silat Olahraga
28. Tenis Ringan
29. Sofbol
30. Skuasy
31. Pingpong
32. Tae kwan do
33. Tenis
34. Bola Tampar
35. Luncur Air
36. Angkat Berat
37. Gusti
38. Wushu
39. Kapal Layar


From the following table no specific mention marathon but I guess it falls under Olahraga/Athletics.
Usually what you pay for marathon?
Isit shoes, the outfit, fees, drinks/supplement? I know shoes & outfit cannot get exemptions but fees maybe yes or else how else you going to benefit from the tax exemption for this sporting category?

QUOTE
D8C PEMBELIAN PERALATAN SUKAN UNTUK AKTIVITI SUKAN

Potongan cukai sebanyak RM300 diberi atas pembelian peralatan
sukan yang dilakukan oleh individu untuk aktiviti sukan mengikut jenis
sukan yang disenaraikan dalam  Akta Pembangunan Sukan 1997.
Peralatan sukan termasuk alat-alat yang mempunyai jangka hayat yang
singkat seperti bola golf dan bulu tangkis tetapi tidak termasuk pakaian
sukan, contoh: pakaian renang dan kasut sukan. Perenggan 46(1)(l)
It just mentioned 'peralatan sukan' in there.. so I guess the fee is not counted?



btw..

Tax rebate and tax exemptions is two different category.

Tax rebate you can offset the whole amount from taxable income;
(there's only 3 category e.g individual rebate for taxable income lower than RM35,000 per annum, married couple, and ZAKAT)

whereby tax exemption is just getting certain goods from being taxed off your total income..
(many category e.g sport equipments, high speed broadband etc).

And you got relief too from EPF, Life/medical insurance and all.

This post has been edited by Band Aid: Apr 11 2013, 07:12 AM
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munkeyflo
post Apr 11 2013, 08:47 AM


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Equipment = Tangible items
Believe all those fees and renting of badminton court or paying for other service are not included.
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ronnie
post Mar 26 2014, 10:43 AM


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Refer to Question Q63
http://www.hasil.gov.my/pdf/pdfam/FAQ_B_EN..._11042011_1.pdf


This post has been edited by ronnie: Mar 26 2014, 01:56 PM
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TheEvilMan
post Mar 26 2014, 10:55 AM


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Usually i just grab myself a new pair of vibram and it easily exceed rm300

I dun think fees from Gym, Yoga class etc apply in this matters, it's more of a physical goods tax reduction.
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Matthewksexy
post Mar 26 2014, 11:20 AM


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QUOTE(ronnie @ Mar 26 2014, 10:43 AM)
soli, ur link not working... blink.gif
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