Internet Subscription Tax Relief Malaysia

The previous laptop books stationary and sports equipment tax relief is now grouped under lifestyle tax too.

Internet subscription tax relief malaysia. Buying reading materials a personal computer smartphone or tablet or sports equipment and gym memberships for yourself spouse or child allows you to claim for tax relief. Tax treatment dialup internet fee does not entitle to personal tax relief deduction. Subscription fees for broadband registered in the name of the individual with effect from year of assessment 2010 2012 500 limited 14. Relief of up to rm10 000 a year for three consecutive years from the first year the interest is paid.

But digi said prepaid bigbonus internet plans not entitled for this lifestyle tax relief. So if you bought a computer that costs more than that you can no longer include your gym membership internet subscription and others for income tax relief. Do also take note. Under this category items that are applicable include books magazines printed newspapers purchase of personal computer smartphone or tablet buying sports equipment or gym memberships and your monthly internet subscription.

Now this tax relief is probably one that we would use the most. Iv payment of monthly bill for internet subscription. Interest expended to finance purchase of residential property. Macam aku skang subscribe unifi package harga rm157 gst included.

Akan tetapi there is always a grey area bila statement yang dibagi under lifestyle tax relief ni agak general. Refer to this list of the income tax relief 2018 malaysia. Subject to the following conditions. Personal tax relief deduction of up to a maximum rm500 per year is allowed for broadband subscription fee incurred and registered under the individual tax payer s name.

As per inland revenue board of malaysia official portal lifestyle covered a few items as per attached. The maximum income tax relief amount for the lifestyle category is rm2 500. You must substantiate your claim for this income tax relief in malaysia with written evidence prescribed endorsed by a certified medical practitioner registered with the malaysian medical council mmc supported by purchase payment receipt. Internet subscription paid through monthly bill registered under your own name you can get up to rm2 500 worth of tax relief for lifestyle expenses under this category.

Which prepaid bigbonus internet plans is purely for monthly internet subscription only. Effective for year of assessment 2017 tax filed in 2018 the lifestyle tax relief at a limit of rm2 500 yearly also includes new categories such as the purchase of printed newspapers smartphones and tablets internet subscriptions as well as gymnasium membership fees. The government has added a lifestyle tax relief during the 2017 budget which now includes smartphones tablets and monthly internet subscription bills.