EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Tuesday, October 3, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Tax exemption of up to RM1,000 for individuals who get tested for COVID-19

by moneycompass
December 15, 2021
in Local Market News
Tax exemption

Source: dronepicr via Flickr

Share on FacebookShare on WhatsApp

KUALA LUMPUR – Tax exemption of up to RM1,000 for individuals who take COVID-19 screening tests including for personal, spouse, or children are among the provisions under the Finance Bill 2021, reported Bernama.

Deputy Finance Minister I Datuk Mohd Shahar Abdullah said this is contained in the amendments of the Income Tax Act 1967.

“The amendments are effective for the 2022 and 2023 year of assessment,” he said when tabling the Finance Bill 2021 for the second reading in the Dewan Rakyat on December 14.

Mohd Shahar said the amendments also included expenditure provisions for mental health check-ups or consultation done by an individual for personal, spouse or children.

On November 9, 2021, Mohd Shahar when tabling the bill for the first reading announced that it involved amendments to eight acts to implement Budget 2022 measures.

It involves the Income Tax Act 1967, Real Property Gains Tax 1976, Stamp Act 1949, Petroleum (Income Tax) Act 1967, Labuan Business Activity Tax Act 1990, Promotion of Investment Act 1986, Finance Act 2012, and Finance Act 2018.

 

Read more: Companies could soon be fined RM1 mil for breaching COVID-19 SOPs

Tags: Budget 2022Covid-19Tax
ShareSendShareSendTweetShare
Previous Post

Alternative Investment That’s Not Rocket Science: Emergence of the Novelty Sneaker Resale Industry

Next Post

Govt should not allow further withdrawal from EPF, retirement saving is vital – MEF

Related Posts

Loh Guat Lan, President of LIAM
Local Market News

Life Insurers Offer Relief Measures to Assist Flood Victims

08 Mar 2023
Bursa Malaysia
Current News

Bursa Malaysia enhances Islamic securities

10 Feb 2023
Corporate News

JCorp Officially Launches JLand Group (JLG) to Capture Opportunities in New Economy Real Estate

18 Jan 2023

Discussion about this post

MOST POPULAR

  • 10 Ways to Curb Overspending

    10 Ways to Curb Overspending

    1 shares
    Share 0 Tweet 0
  • Northern Malaysia Leads the Way in Shopee Live Streams

    0 shares
    Share 0 Tweet 0
  • EN+ Silk Series EV Charger Wins MUSE Design Awards 2022

    0 shares
    Share 0 Tweet 0
  • SWAG’s popular creator ladyyuan earns over US$70,000 in one month through her presence on the platform

    0 shares
    Share 0 Tweet 0
  • McDonald’s steps up food safety and hygiene practices

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER