Paying the Inland Revenue Board (LHDN) their dues can be both routine and alien. Although we do it annually, the rules, especially the tax relief, keeps on changing almost every year.
This year is no different.
Here we will focus on items number 10 and 11 as they pertain to technology. .
It says that you can get RM2,500 in tax returns if you purchase or subscribe to publications (even electronics ones), purchase personal electronic devices, buy sports equipment, subscribe to a gym, or pay the monthly internet bill.
It also said that you can get another RM2,500 in tax refunds for the purchase of personal computer, smartphone or tablet for self, spouse or child and not for business use.
With the current internet rates, getting that first RM2,500 tax refund should be easy. But, the second RM2,500 tax relief is a bit more particular. .
The new rules(year of assessment 2021) are slightly different from the one previously (year of assessment 2020) where the additional deduction was only valid for purchases within a certain period (July to December 2020).
However, note that certain items like a smart wearable (like an Apple Watch) and online fitness subscription (Apple Fitness+) are not mentioned.
You can refer to the full list of tax reliefs for the 2021 year of assessment here.
