fbpx

Do you know where you can get a tax deduction for your purchases in 2021?

18/10/2021

Finance Minister Tunku Zafrul announced in his 2021 Budget presented to Parliament last year that people can get a tax deduction of up to RM1,000 for vaccinations. This tax deduction applies to various vaccines, such as the hepatitis B vaccine and the cervical cancer vaccine.

In addition, the government has lowered the income tax rate by 1% for the taxable income group of RM50,000 to RM70,000. The tax rate for this group was originally 14%, but has now been reduced to 13%.
Other tax deductible items include RM6,000 to RM8,000 for medical aids, RM5,000 to RM8,000 for parental medical expenses and RM500 to RM1,000 for health check-ups.

In addition, the tax deductible amount for quality of life has been increased from RM2,500 to RM3,000, under which purchases of computers, cell phones, books, fitness equipment, etc. are tax deductible.

You May Also Like…

Is hair loss related to mood?

Is hair loss related to mood?

What are some ways to grow hair faster? What foods can make hair grow faster? Going from pretty short hair to long...