20 March 2021

Personal Income Tax Relief for YA2020

Hey, it is about time to file your income tax return for this year. In order to help you go through it, let's refer to the quick guide here, especially on the tax relief part. What are the changes this year YA2020 compared to previous year?

Due to the Covid-19 pandemic, some of the newly introduced and enhanced personal tax reliefs are shown below:-
  • To lessen the burden of parents with kids.
    Increase in tax relief on child-care fees up to RM3,000 for YA2020 (from RM1,000 previously)

  • To rescue the domestic tourism industry.
    A new tax relief of up to RM1,000 for domestic-related tourism expenditure incurred between 1 March 2020 and 31 December 2021.

  • To support those who need to WFH or attend online classes.
    An additional relief of RM2,500 can be claimed for the purchase of personal computers, smartphones or tablets, for purchases made between 1 June 2020 until 31 December 2020. This is in addition to the existing lifestyle relief of RM2,500, which is applicable for YA2020 and YA2021.

Source: PWC website

<<< Note >>>

It is important for you to go through the full list of personal tax reliefs and tax rebates available, so that, you can optimise your reliefs to reduce your overall tax burden in a legal and proper way. How much tax reliefs could you claim? It depends on your marital status, with kids or not, and types of spending.

Wishing you happy tax filling 👦👧👨👩 (Government need you badly 😂😂😂)

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