List of Income Tax Relief for Malaysians (2023)

  • Ian Fan by Ian Fan
  • 9 months ago
  • Money
  • 0

March and April are the months to file your taxes for employees across Malaysia. This time of year, everyone is busy filling out tax forms and fulfilling their responsibilities as office workers.

Although employees need to pay taxes when their annual salary reaches a specified amount, the government also provides tax relief benefits as a way to reduce the burden on the people.

The government has released the personal income tax relief which includes up to 26 tax relief incentives, totaling up to RM109,350. Let’s have a look at what can be deducted!

Relief typesAmount
Personal relief
Personal tax deductionRM9000 
Ex-wife/ex-husband alimonyRM4000 
Individual Tuition Fees (Master/PhD)Individual training course (RM1000 only)RM7000 
Disabled personRM6000 
Disabled spouseRM5000 
Statutory contributions
Life Insurance (Individual and Spouse)RM3000 
Education or medical insuranceRM3000 
EPF RM4000 
Private Retirement Scheme (PRS) RM3000 
SSPN Net SavingsRM8000 
Life, medicine and health-related equipment
Parents’ medical expensesRM8000 
Serious illness medical expenses:VaccinationHealth check-upCOVID-19 Detection KitFertility treatmentRM8000 
Lifestyle:BooksSports equipmentGym membership feeMonthly internet fee  RM2500 
Lifestyle:Personal computer, tablet, smartphoneRM2500 
Additional sports-related activitiesSports equipmentSports venue hire/entry feeEntry fee RM500 
Domestic tourism spendingAccommodation costs registered with the Ministry of Tourism and CultureEntrance fees for tourist attractions RM1000 
Electric vehicle equipmentPurchasing, installing and renting related facilitiesEV Charging Costs RM2500 
Breastfeeding equipment (female only)Children under 2 years oldEvery 2 years RM1000 
Assistive devices for persons with disabilities (individuals, spouses, children, parents)RM6000 
Child relief
Unmarried children under the age of 18 (per person)RM2000 
Unmarried, full-time students over the age of 18A-LevelMatriculation/FoundationDiploma Program (Certificate) RM2000 
Unmarried student over the age of 18 studying for a higher education diploma or aboveDiplomaBachelor, Masters, DoctorateRM8000 
Nursery / Kindergarten (under 6 years old)RM3000 
Disabled childrenRM6000 

If you’re thinking of saving more money, remember to fill in these 26 tax deductions when you file your tax returns – and you get to pay either less tax, or no tax at all!

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Originally published on IQI Global Blog

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