Comments on: Top 4 Methods to Enjoy Tax Relief for Education Purpose

By: KCLau

KCLau — Wed, 08 Feb 2012 23:00:16 +0000

Hi Jeff, the income is in fact taxable. If not mistaken, you make the money while you are in Malaysia doing the freelance programming work, and it is considered income need declaration.

By: Jeff

Jeff — Sat, 04 Feb 2012 05:29:19 +0000

I reside in Malaysia. I work on a freelance basis as programmer through the internet. There are certain hours in the day which I need to be online. The company that I work with is a foreign company located in UAE. I am paid weekly in USD. The money are remitted to my local bank account through PayPal
I like to find out if I were to declare this income, would it be subject to tax? Does it constitute foreign income? I may consider declare it for the purpose of application of housing loan.

By: KCLau

KCLau — Sun, 02 Oct 2011 16:58:55 +0000

Yes.

By: Tang Kiu Mee

Tang Kiu Mee — Sun, 02 Oct 2011 14:44:57 +0000

a saving plan. Life assured is a child, parent payor – the rider. Can this product deduct Income Tax under Education relief ?
Hope to hear u soon.
Tq.

By: KCLau

KCLau — Tue, 19 Jul 2011 05:07:51 +0000

Yes because the product you pay for is a book.

By: jeremy brand

jeremy brand — Sat, 16 Jul 2011 02:23:41 +0000

hi mr kclau
just would like to clerify things up, i bought a book called buku magical math program for Rm100, from an education company doing workshop programs at schools, they gave me their company reciept of rm100. can i claim for the full Rm100 from my tax return or what?
thanks so much for your time

By: KCLau

KCLau — Tue, 14 Jun 2011 01:56:52 +0000

When my tax agent do my taxes, the books bought at Taiwan, China, Singapore and also online through Amazon are being counted. You can use a foreign exchange rate applicable to your purchase. As long as you have the receipt of purchase, the payment is tax deductible.

By: sid

sid — Tue, 14 Jun 2011 01:37:14 +0000

Hi KC,

You mentioned the following:

“You can even order your book via the internet – Amazon, Barnes and Noble.”

Does that mean that books purchased from sites like Amazon are tax deductible? I purchased a lot of books from Amazon but one of my friends mentioned that i can only claim for books purchased locally. Also, the receipts that i receive from Amazon is in USD. Is it possible to show that as prove? Thanks.

By: KCLau

KCLau — Fri, 15 Apr 2011 01:38:46 +0000

Hi,
In fact it is very hard to define. You better check with a qualified tax accountant.

By: JC

JC — Mon, 11 Apr 2011 07:46:10 +0000

Hi kc,

I understand there’s a tax relief for individual education fees up to RM 5k for recognized institutions of higher learning other than a degree at Masters or Doctorate level-for acquiring law, accounting,
Islamic financing, technical, vocational, industrial, scientific or technological skills or qualifications . I wonder what’s the definition of the ” recognized education of higher learning” . I tried asking the income department but they seemed to ignore my answers and just tell ” higher learning ” . hope to get a reply from you.
thanks

By: kslim

kslim — Tue, 15 Mar 2011 00:53:21 +0000

KC,

I no receive any reply or comment from you.

By: kslim

kslim — Tue, 08 Mar 2011 04:21:14 +0000

KC,

May i know installments of 7 years study loan from bank rakyat for taking MBA course is entitle for tax deductible under personal education?

By: Noel

Noel — Thu, 14 Oct 2010 03:26:59 +0000

Hi KCLau,

Can you please tell me under which relief types I can claim my ACCA Subscription fee?
My source of income is accounting-related.

Thanks a lot in advance!

By: KCLau

KCLau — Thu, 22 Jul 2010 10:13:53 +0000

That will be very hard to prove. Get the seller to issue you a receipt and sign on it.

By: Jialun

Jialun — Thu, 22 Jul 2010 09:53:37 +0000

Thank for the reply KCLau.

So, I guess receipt would definately needed for the claim. But what if I’m buying a used computer from someone else, the likelyhood is I wouldn’t get receipt for this kind of purchase.

By: KCLau

KCLau — Thu, 22 Jul 2010 09:10:38 +0000

Jialun, you can do that.

By: Jialun

Jialun — Wed, 21 Jul 2010 16:33:44 +0000

It’s written “Purchase of personal computer for individual of up to RM3,000 “. What if I build my own PC and purchase the PC components separately instead of buying a unit of PC?

Can I actually add up all the components (computer related items) bought and claim it as a unit of PC since PC consists of many components?

By: KCLau

KCLau — Thu, 13 May 2010 02:55:57 +0000

Yes. You just need the receipt.

By: Horcl

Horcl — Tue, 11 May 2010 17:03:57 +0000

If the computer is purchased overseas – possible to claim relief? say in SG……

By: CHONG KONG HUI

CHONG KONG HUI — Fri, 07 May 2010 08:55:25 +0000

Pelepasan cukai pendapatan ke atas simpanan SSPN:

Ibu bapa dan ibu bapa angkat/penjaga yang sah dari segi undang-undang yang menyimpan dalam akaun SSPN untuk manfaat anak diberi pelepasan sehingga maksimum RM3,000 setahun tertakluk kepada jumlah simpanan bersih tahun semasa;
Ibu bapa yang membuat taksiran berasingan dan telah membuka akaun simpanan SSPN berasingan atas anak yang sama diberikan pelepasan sehingga maksimum RM3,000 seorang setahun;
Ibu bapa yang membuat taksiran bersama dan telah membuka akaun simpanan SSPN berasingan diberi pelepasan sehingga maksimum RM3,000 setahun; dan
Individu yang menyimpan untuk diri sendiri tidak diberi pelepasan cukai.

Source http://www.ptptn.gov.my/web/guest/simpanan/cukai