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

i think anything regarding sports can...
than means 1 new nike @ adidas shoes every year or footie jersey...
muhahaha...

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

so dumbbells, barbells all can get rebate?

i dun think is this year bah..
suppose nex year tax compute ba

One mini-machine is already more than 300.. even powerball is almost 200.

Ya...just put in ur returns lah....make sure you keep the receipts.

Impossible..................

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.

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.... ???

if not mistaken...deduct from the total taxable income..pelepasan cukai rm300 right?

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.

Yes total taxable income.

its deduct from total taxable income..its like nothing.. but u can save few RM...

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

hehe if so..that a good news to many people out there....btw is the sport clothing really tax rebate-able???

What? Fishing not considered a sport??? dammmm.... BTW, where did you get this info? I can't find it via google.

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

Found this a little too late. RM300? DArn IT! My Yonex costs more than that. Where got enough cover?

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?

Shuttle cocks and Racquet can be tax relief-ed

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

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

This post has been edited by siksa: Apr 23 2009, 11:45 AM

"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..

do renting a badminton court, eligible for tax deduction??

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

yes i think it is eligible.

like this link.. he is fighting for increment of tax exempt.. http://www.facebook.com/permalink.php?stor...01¬if_t=like

I'm fighting for tax relief from importing sporting goods!!!

I want to know this tax rebate include the Marathon joining fee or not?

Whoa.. good la... come come...

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?

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

Equipment = Tangible items
Believe all those fees and renting of badminton court or paying for other service are not included.

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

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.

soli, ur link not working...

Hi, could someone enlighten me whether the work out gloves are entitle for tax relief or not?

first time do income tax ar?

it's no1 la of course.

it's eligible for tax reduction, not RM300 sponsor...

/k cakap aje all 20k salary, but all never do tax... lipot to lhdn

Yeah this. And other work out equipment?

i bought a mountain bike from 11street, can claim the RM 300 sports equipment relief?

how to claim ?