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PETALING JAYA: It is that time of the year to file for your tax relief, and guess what – your digital subscription to The Star counts too!
PETALING JAYA: The Finance Ministry has no plans to increase the RM9,000 tax relief rate for individuals and dependents which has not been reviewed since 2010, according to a written reply.
PETALING JAYA: The tax filing season has started and taxpayers are reminded to claim eligible tax reliefs and file before the deadline.
PETALING JAYA: Complementary tools besides monetary policy is needed to control inflation, say economists, who believe that interest rate hikes by themselves may be ineffective to combat rising prices.
Effective tax policies are crucial to ensure equity in taxation and promote tax compliance in our rapidly evolving economic landscape.
PETALING JAYA: AFTER Budget 2025 was announced, people have been eagerly going through the details, hoping to find beneficial measures to ease their financial situations.
PETALING JAYA: Reinstatement of the Goods and Services Tax (GST) and helping struggling micro, small and medium enterprises (MSMEs) are in the Budget 2025 wish list for business communities.
KUALA LUMPUR: Tax relief for children under a taxpayer’s care is one of the most commonly and easily claimed deductions that can have a big impact on tax- saving measures.
KOTA KINABALU: People who send their children for sports training or undergo such activity themselves might qualify for a personal tax relief starting next year if the Youth and Sports Ministry have their way.
PUTRAJAYA: Training providers must be an association, sports club or company registered with the Sports Commissioner or incorporated under the Companies Act 2016 for taxpayers to enjoy the claimable relief for sports.
PUTRAJAYA: A total of 103 types of sports will enjoy tax relief of up to RM1,000 for training and purchase of equipment from next year, says the Youth and Sports Ministry.
IT is well-documented that the tax revenue base of Malaysia is extremely narrow with around 15% of the workforce being subject to income tax and around 20% of registered companies paying income taxes.
KOTA KINABALU: Parents who send their children for sports training or undergo such activity themselves might qualify for personal tax relief starting next year, says Youth and Sports Minister Hannah Yeoh.
SYDNEY (Reuters) - Australia's centre-left Labor government on Thursday defended proposed tax rule changes that would trim benefits to the wealthy while giving low-income earners more breaks, in a bid to win back voters battling higher costs.
PETALING JAYA: Parents are looking forward to the implementation of tax relief for sports training next year, as it would help them nurture their children’s development through sports while reducing their financial burden.
THE tax revenue base of Malaysia is extremely narrow with around 15% of the workforce being subject to income tax and around 20% of registered companies paying income taxes.
KUALA LUMPUR: To help Malaysians cope with rising inflation, Putrajaya should consider raising the automatic individual tax relief from RM9,000 to RM12,000, says Datuk Seri Dr Wee Ka Siong.
KUALA LUMPUR: Malaysia needs tax reforms to raise additional revenues for reducing inequality, according to the World Bank.
PETALING JAYA: The Inland Revenue Board (LHDN) provides tax relief for Covid-19 vaccination and screening tests for self, spouse and children in its 2021 tax relief assessment.
HONG KONG (China Daily/Asia News Network): The Hong Kong Special Administrative Region government on Wednesday (Feb 23) proposed allocating HK$54 billion (US$6.92 billion) to step up efforts to stabilise the pandemic situation with the central government's support while helping the public with tax breaks and a new round of electronic consumption vouchers.
