Individual Tax For YA 2024
Individual tax in Malaysia refers to the system of taxation applied to individuals on their income. This includes the income earned by residents and non-residents within the country's borders. The Malaysian government collects individual taxes through the Inland Revenue Board of Malaysia (LHDN). Individual tax in Malaysia plays a crucial role in financing public services and government programs. To ensure compliance and make the most of available tax incentives, individuals often seek guidance from tax professionals or use tax-filing software.
1. Expansion of Scope of Income Tax Relief For Medical Treatment, Special Needs And Carer Expenses For Parents [Paragraph 46(1)(c) ITA 1967]
Effective from YA 2024
| Scopes expanded : | Limitation | |
| Full medical examination (limited to RM1,000) | Limited to RM8,000 | |
| Dental examination and treatment such as teeth restoration and replacement involving crowning, root canal and dentures | Limited to RM8,000 |
2. Extension of Tax Relief For Up Skilling And Self Enhancement Courses Fee [Paragraph 46(1)(f) ITA 1967]
Effective from YA 2024 until YA 2026
| Scope : | Period | |
| The tax relief is granted for the YA 2022 and the YA 2023 | Extended for a period of 3 years |
3. Expansion Of Scope Of Income Tax Relief For Medical Treatment For Self, Spouse And Child [Paragraph 46(1)(g) ITA 1967]
Effective from YA 2024
| Medical treatment expenses : | Limitation | |
| Serious illness | - | |
| Fertility treatment | - | |
| Vaccination | Limited to RM1,000 | |
| Full medical check-up, mental health examination and COVID 19 detection test including purchase of self-test kit | Limited to RM1,000 | |
| Diagnostic and rehabilitation treatment for children with learning disabilities | Limited to RM4,000 | |
| Dental examination and treatment expenses | Limited to RM1,000 |
4. Tax Relief For Lifestyle For Self, Spouse And Child
[Paragraph 46(1)(p) ITA 1967]
Effective from YA 2024
| Lifestyle expenses : | Limitation | |
| Purchase or subscription of books / journals / magazines / newspapers / other similar publications | Limited to RM2,500 | |
| Purchase of a personal computer, smartphone or tablet | Limited to RM2,500 | |
| Monthly internet subscription bill | Limited to RM2,500 |
5. Tax Relief For Sports Equipment And Activities For Self, Spouse, and Children [Paragraph 46(1)(u) ITA 1967]
Effective from YA 2024
| Lifestyle expenses related to sports : | Limitation | |
| Purchase of sports equipment for sports activities | Limited to RM1,000 | |
| Rental fees or admission fees to sports facilities | Limited to RM1,000 | |
| Registration fees to participate in sports competitions | Limited to RM1,000 | |
| Gym membership fees and sports training fees | Limited to RM1,000 |
6. Extension Of Tax Relief For Electric Vehicle Charging Facilities [Paragraph 46(1)(v) ITA 1967]
Effective from YA 2024 until YA 2027
| Expenses : | Period | |
| Installation cost of an electric vehicle charging device | Extended for a period of 4 years | |
| Purchases, including lease purchase of vehicle charging equipment | Extended for a period of 4 years | |
| Rental of electric vehicle charging equipment | Extended for a period of 4 years | |
| Subscription fee for charging | Extended for a period of 4 years |
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