LamboBlog
blog-headers-TaxPlanning2020

Tax Planning 2020

1 December 2020

When it comes to Tax, not everyone is a fan. But it’s a way of giving back to the nation and eventually, for the community. The authorities have also made sure Tax isn’t all that bad by providing a few Tax Reliefs, Deductions, Rebates and Exemptions to ease our cashflows.

Here are some information to help you plan ahead with your financial plannings before the year ends.

financial-5050415_1920

Tax Reliefs

1. Education

(R) = Restricted

2. Parenthood

(R) = Restricted

3. Lifestyle

(R) = Restricted

4. Medical Expenses

(R) = Restricted

5. Insurance & Investments

(R) = Restricted

6. Disabled Person

(R) = Restricted

Tax Deductions

1. Approved Donations

2. Other Approved Donations

Tax Rebates

1. Zakat/Fitrah

Tax Exemptions

1. Gifts (from Employer)

2. Real Property Gains Tax (RPGT) – Disposal of Residential Homes

For more info visit: LHDN (to be updated)

Source: CPA Group / Matrix Taxation Agency Sdn Bhd

Related News

blog-featureimage-budget2021
Announcement
Budget 2021 Highlights
6 November 2020

Finance Minister Tengku Zafrul Aziz has announced our Budget 2021 on 6 Nov 2020, with a total expenditure projected at RM322 billion next year. The budget next year tabulates about RM8 billion more…. [Read More]
ricemask-sinchew01
Article
Q弹皮肤古方保养法!毛穴抚子稻米系列让你实惠护出好皮肤
12 October 2020

爱美是人的天性,不论是女人或男人都喜欢美丽的东西。在现在的社会中,有一副精致的好皮囊….
[Read More]
OLYMPUS DIGITAL CAMERA
Article
This M’sian E-Commerce Platform Promised A 1-Day Delivery, We Put That To The Test
10 September 2020

Even though online shopping is a much more convenient way to shop, there are still some risks associated with it. You could spend hours…. [Read More]
banner_mobile-288
Announcement
Focus Dynamics’s cloud kitchen awards exclusive contract to Lambo
28 August 2020

Kuala Lumpur, 28th August 2020 – LamboPlace launches their birthday celebration with a shopping spectacular filled with real deals and giveaways worth up to RM288,000 as LamboPlace, the convenient one-stop E-commerce…. [Read More]

LATEST PROMOTIONS

LamboBlog is brought to you by LamboPlace Sdn. Bhd. (1255316-V).

Do you have an enquiry or would like to reach out to us?

Email us at connect@lamboplace.com

About LamboPlace Sdn. Bhd.

LamboPlace is a Malaysian-homegrown online marketplace that sells only authentic & genuine products.


Start enriching your online shopping experience with us now and enjoy our fast delivery service!

SUBSCRIBE TO OUR NEWSLETTER