TAXATION MINDMAP by Alex Lsk https://padlet.com/lsk21999/ctjvoerejg8yfoxf TAX RELIEF en-us 2020-11-09 08:06:28 UTC 2020-11-12 14:25:53 UTC hello@padlet.com Tax Relief lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903276729 2020-11-09 08:17:18 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903276729 Proposed lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903280585 Extension of period for the above-mentioned income tax relief for tourism expenses to 31 December 2021.]]> 2020-11-09 08:18:47 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903280585 Effective Date lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903334108 For expenses incurred between 1 SEP 2020 to 31 DEC 2021]]> 2020-11-09 08:38:39 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903334108 Previously lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903343626 There was no income tax relief for domestic travelling expenses.]]> 2020-11-09 08:42:05 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903343626 Present lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903362637 The period (1 MAR 2020-31 AUG 2020) for claiming income tax relief of RM1,000 incurred on the following domestic travelling expenses ]]> 2020-11-09 08:49:22 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903362637 Extension of the period for personal income tax relief for domestic travelling expenses lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903366200 2020-11-09 08:50:45 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/903366200 A) lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/904061818 Accommodation fees paid for tourist fees paid for tourist accommodation premises registered with the Ministry of Tourism, Arts and Culture Malaysia; and]]> 2020-11-09 13:35:33 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/904061818 B) lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/904065845 Entrance fees paid for tourist attractions]]> 2020-11-09 13:36:36 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/904065845 In Short-Term Stability lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/904112616 Reduce the burden of domestic travel]]> 2020-11-09 13:47:19 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/904112616 In Long-Term Stability lsk21999 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/904141499 Boost domestic tourism businesses]]> 2020-11-09 13:53:48 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/904141499 Exemption of Tourism Tax will be given to foreign tourists staying at any accommodation premises in Malaysia until 30 June 2021 i18015759 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/906596759 2020-11-10 00:32:53 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/906596759 Previous i18015759 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/906622785 Foreign tourists staying at paid accommodation in Malaysia are subject to pay a Tourism Tax of MYR10 per room per night effective from 1 September 2017.]]> 2020-11-10 00:46:17 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/906622785 Present i18015759 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/906666287 Exemption of Tourism Tax will be given to all foreign tourists staying at any accommodation premises in Malaysia. These National Economic Recovery Plan initiatives are valid until 30 June 2021. ]]> 2020-11-10 01:07:32 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/906666287 Income tax exemption and relief for mobile phone, tablet and notebook. i18015319 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907735014 2020-11-10 09:26:18 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907735014 Present i18015319 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907747098 Any gift of electronic device by employers to employees is treated as perquisites to the employees and is taxable.

]]> 2020-11-10 09:30:50 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907747098 Propose i18015319 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907752853 Income tax exemption rise to RM5,000 and Special individual income tax relief rise to RM2,500 on electronic device. Encourage employees to OPT for flexible work arrangements

]]> 2020-11-10 09:33:03 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907752853 Effective Date i18015319 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907756723 Start from 1 July 2020,
Income tax exemption and special individual income tax relief given to employees

]]> 2020-11-10 09:34:35 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907756723 Suggestion i18015319 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907763512 Extend to cover other basic items]]> 2020-11-10 09:37:00 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/907763512 Effective Date i18015759 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/915411405 From 1 July 2020 to 30 June 2021]]> 2020-11-12 07:21:57 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/915411405 In Short-Term Stability i18015759 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/915418885 Increase the income of this sector to reduce the burden to those people related to this sector]]> 2020-11-12 07:25:07 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/915418885 In Long-Term Stability i18015759 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/915423606 To ensure that the income of this sector will keep increase after this crisis]]> 2020-11-12 07:27:08 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/915423606 Suggestion i18015759 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/915445842 The government should provide transport and travel guide other than accommodation. Moreover, the facilities must follow the tastes of tourists and the prices are reasonable so as not to burden them too much in terms of money.]]> 2020-11-12 07:35:54 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/915445842 i18015444 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916070781 Stamp duty exemption for purchase of residential homes]]> 2020-11-12 11:59:41 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916070781 Proposed i18015444 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916079097 The stamp duty exemption will be given on the instruments of transfer and loan agreement for the purchase of residential homes priced between RM300,000 to RM2.5 million.]]> 2020-11-12 12:04:12 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916079097 i18015444 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916092213 The developer will provide at least a 10% discoun.]]> 2020-11-12 12:10:28 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916092213 i18015444 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916096936 2020-11-12 12:12:49 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916096936 Effeective Date i18015444 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916098336 For sale and purchase agreements signed between 1 June 2020 and 31 May 2021.]]> 2020-11-12 12:13:29 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916098336 Suggestion i18015444 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916101328 Home buyers can expect to save up to RM 24,000 and RM 12,500 in stamp duty on the transfer and loan agreement respectively]]> 2020-11-12 12:14:58 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916101328 Exemption of Sales Tax i18016262 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916139487 2020-11-12 12:31:50 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916139487 Proposed i18016262 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916143681 Fully exemption for purchase locally assembled passenger cars and 50% exemption for purchase of imported passenger cars]]> 2020-11-12 12:33:30 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916143681 Effective Date i18016262 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916154173 Start from 15 June 2020 to 31 December 2020]]> 2020-11-12 12:37:41 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916154173 Short-term stability i18016262 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916162308 This exemption of sales tax period can not be too long it will cause the income of government shortages.]]> 2020-11-12 12:40:51 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916162308 Suggestion i18016262 https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916174387 Based on the situation of this pandemic, it is better to continue the imposition of exemption tax until June 2021.]]> 2020-11-12 12:45:14 UTC https://padlet.com/lsk21999/ctjvoerejg8yfoxf/wish/916174387