Malaysia LHDN Tax Relief updates for Year Assessment 2022

1. EXTENSION OF TAX RELIEF FOR DOMESTIC TOURISM EXPENSES
Special tax relief of up to RM1,000 on domestic tourism expenses will be extended for expenses incurred until 31 December 2022.

2. EXTENSION OF TAX RELIEF FOR CHILDCARE CENTRES AND KINDERGARTENS FEE
Tax relief of up to RM3,000 on childcare centres and kindergartens fees will be extended for another two (2) years for YAs 2022 and 2023.

3. EXPANSION OF TAX RELIEF ON SOCSO CONTRIBUTIONS
Tax relief on SOCSO contributions will be increased from RM250 to RM350 and will now include Employment Insurance System contributions.

4. NEW TAX RELIEF ON EXPENSES FOR EV CHARGING FACILITIES
Tax relief of up to RM2,500 will be given on expenses related to cost of installation, rental, purchasing including hire purchase of equipment or subscription fees for EV charging facilities.

5. NEW TAX RELIEF ON ADDITIONAL LIFESTYLE (SPORT ACTIVITIES)
Tax relief of up to RM500 wil be give on expenses related to cost of sport equipment/gymnasium membership

6. NEW TAX RELIEF ON ADDITIONAL LIFESTYLE (TABLET/PC/SMARTPHONE)
Tax relief of up to RM2,500 wil be give for the purchase of personal computer, smartphone, and tablet.

KWSP Statutory Update for Year 2022

EXTENSION OF EPF CONTRIBUTION RATE OF 9%
For the year 2022, minimum employees EPF contribution rate reduction from 11% to 9% will be extended up to June 2022.