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Tax Deductions For

Businesses YA 2021

Amid the Covid-19 pandemic, the Amendments in tax reliefs have been made this YA 2021, and
government has increased tax deduction for some new additions have also been introduced to lighten
businesses. Such measures include extending Malaysians’ financial burdens brought on by the extended
the double deduction on qualifying expenditure pandemic. Claiming these incentives can help you to lower your
incurred in respect of approved internship tax rate and pay less in overall taxes.
programs to YA 2025, and expanding the With that, here is the LHDN’s full list of tax reliefs for YA 2021.
incentive to include students at various
academic levels, such as master’s degree, 2021 Tax Reliefs
professional certificate and Malaysian skills
certificate, levels 1 and 2. for Malaysian Resident Individuals
Other enhanced/extended tax deductions
include: Personal deductions
Introducing a tax deduction for landlords
on the amount of rental reduction granted to Self & dependent relatives RM9,000
tenants, where the former have reduced the Disabled Individual (further deduction) RM6,000
rental by at least 30% from the original Disabled husband/wife (further deduction) RM5,000
amount. This deduction has been extended to Husband/wife/payment of alimony to former wife RM4,000
June 2022; Education Fees RM7,000
Expanding the scope of double deduction
in providing scholarships to qualifying Lifestyle, Medical and related reliefs
Malaysian students, to encompass all fields of
study at specified academic levels for YAs Domestic travelling RM1,000
2022 to 2025; -Accommodation Fees
Extending the tax deduction available for -Entrance fees paid for tourist attractions
renovating and refurbishing business premises -Domestic tour packages through a licensed
incurred for the period commencing March 1, travel agent
2020 to Dec. 31, 2021, until Dec. 31, 2022. The -Extended to 31 December 2022
maximum amount of deduction is maintained Medical expenses for parents RM8,000
at RM300,000; and extending the tax (treatment, special needs or carer)
deduction for manufacturing and manufacturing- Medical expenses for serious diseases & RM8,000
related service companies on rental expenses fertility treatment & Vaccination(max RM1,000)
incurred on premises used as employees’ Full medical check-up including RM8,000
accommodation for the period commencing Covid-19 detection test (restricted to RM1,000)
Jan. 1, 2021 to Dec. 31, 2021, until Dec. 31,
2022. The maximum amount of deduction is
maintained at RM50,000. Child related reliefs
Each unmarried child <18years RM2,000
Each unmarried child >18years old RM2,000
receiving education
Disabled child RM6,000
Additional exemption for disabled child RM8,000
aged > 18 years old receiving further education

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