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Tax Relief on contribution to Employees Provident Fund

March 22, 2023

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  1. What is tax relief?
  • Tax relief refers to any government program or policy designed to help individuals and businesses reduce their tax burdens or resolve their tax-related debts.

 

  1. What is tax relief on voluntarily contribution of Employee Provident Fund (EPF)?
  • A member who contributes compulsorily and not compulsorily will be eligible for tax relief up to RM4,000
  • Civil servant who voluntary contributions or voluntary excess or both will be able to enjoy tax relief of up to RM7,000. (according to BUDGET 2023)

 

III. Total income tax relief can be claimed (applicable to civil servants under pension scheme and effective starting for YA 2023)

  • Mandatory contribution to approved schemes or voluntary contribution to EPF (not including private retirement scheme) or contribution under any written law

 

  • TAX RELIEF – UP TO RM 4000

 

  • Life insurance premium or takaful contribution or any additional voluntary contribution to EPF or both

 

  • TAX RELIEF – UP TO RM 3000 

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什么是会计周期

May 31, 2024

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会计周期 什么是会计周期 ? 会计周期是完成公司簿记任务的基本八步流程。 它为企业财务活动的记录、分析和最终报告提供了清晰的指南。   会计周期的主要目的是什么? 会计周期的主要目的是确保财务报表的准确性和一致性。   会计周期步骤  1.识别交易 –> 2. 在日记帐中记录交易 –> 3. 将交易过帐到总帐 –> 4. 计算未经调整的试算表 –> 5. 分析工作表以识别错误 – –> 6. 调整日记帐分录以修复错误 –> 7. 创建和生成财务报表 –> 8. 关闭会计期间的账簿    

WHAT IS ACCOUNTING CYCLE

May 24, 2024

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Accounting Cycle What Is Accounting Cycle ? The accounting cycle is a basic, eight-step process for completing a company’s bookkeeping tasks. It provides a clear guide for the recording, analysis, and final reporting of a business’s financial activities.   What Is the Main Purpose of the Accounting Cycle ? The main purpose of the accounting cycle is to ensure the accuracy and conformity of financial statements.   Steps Of Accounting Cycle ? 1.Identify Transactions  –> 2. Record Transactions in a Journal –> 3. Post transactions to the general ledger – –> 4. Calculate an unadjusted trial balance –> 5. Analyze the worksheet to identify errors – –> 6. Adjust journal entries to fix errors –> 7. Create and produce financial statements – –> 8. Close the books for the accounting period    

FORM M

April 26, 2024

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FORM M 什么是FORM M ? FORM M 是一份应纳税收入和应纳税款的申报表。   谁需要申报 FORM M ? 在马来西亚获得收入的非税务居民   申报的截止日期 FORM M ? 30th APRIL (不经营任何业务) 30th JUNE (开展业务) IF USE E-FILLING CAN EXTEND MORE 15 DAYS   如何申报 FORM M ? 你可以亲自到LHDN申报 透过LHDN的网站自己申报  https://ez.hasil.gov.my 你也可以让我们 BP ACCOUNT ADVISORY SDN. BHD.   没申报FORM M的后果 罚款两百令吉至两万令吉 监禁不超过六个月 两者兼施