How is the 2022 tax relief program calculated?Personal Income Tax Deductible Standards Malaysia

MalaysiaThe Inland Revenue Board has released the list of tax relief for tax year 2021!

According to the Malaysian Income Tax Act 1967, whether you are a Malaysian citizen or a foreigner, as long as you live in Malaysia for more than 182 days a year and have income, you are obliged to file a tax return.

How is the 2022 tax relief program calculated?

Several new items have been added to the list of tax deductions for tax year 2021:

  • One of them is to buy premiumLifeCategory of sports equipment and fitness, additional tax deduction of RM500.

Other ongoing tax relief programs, including:

  • Tax relief up to RM3 for parents who send their children to pre-school or nursery, up to 3000 tax relief;
  • RM1,000 tax relief for those travelling within Malaysia;
  • And an additional RM2,500 tax deduction for the purchase of electronic products.

2021 Personal Income Tax Deductible Items

Here is the list of personal income tax relief for the 2021 tax year (please refer to the English version) ▼

How is the 2022 tax relief program calculated?Personal Income Tax Deductible Standards Malaysia

2021 Individual Income Tax Deductible Items (English Version) 1 Sheet 2

2021 Individual Income Tax Deductible Items (English Version) 2 Sheet 3

2021 Individual Income Tax Deductible Items (English Version) 3 Sheet 4

2021 Individual Income Tax Deductible Items (English Version) 4 Sheet 5

2021 Individual Income Tax Deductible Items (English Version) 4 Sheet 6

How much annual income to file tax return?

How to file tax returns for self-employed people in Malaysia?

Do I need to file a tax return if I am out of work or unemployed??

If you have already filed a tax return, it is recommended that you continue to file your tax return even though you are not currently employedMalaysia tax filing deadlineFile your taxes before, or you will be tracked down later.

  • Since this is just a tax return, filing a tax return does not necessarily require paying taxes.
  • If you file a tax return, your personal information will be clear and the authorities will not go to you.
  • When filing tax returns in Malaysia, you only need to fill in RM0 for income on Form BE.

If you haven't worked before, but are now working and have income, the company has given you an EA form and you must file a tax return.

How to file taxes in Malaysia?You can refer to the following Malaysian tax filing guide ▼

 

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