Tax

Come March we all will filling up Borang Cukai 2008.

Listed below is basic ways to reduce tax

source : http://www.asasteguh.com

 

Tax manoeuvres to make

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1. Maximize your book purchases ( You can claim up to RM1,000)

2. Save for your children’s education (up to RM3,000)

3. Enrol your children in tertiary education (Up to RM4,000)

4. Maximize your parents’ medical expenses (Up to RM5,000)

5. Bulk up your retirement savings (Up to RM6,000)

6. Replace your computer (Maximum relief is RM 3,000)

7. Get sports equipment (The deduction is RM300 for sport equipment-not including sports attire)

8. Upgrade yourself (Deduction of up to RM5,000 a year for fees for technical, vocational, industrial, scientific, technological, law, accounting or Islamic financing courses at the tertiary level or any course of study at the postgraduate level.)

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