Search results
Leave passage benefit, received by the employee from the employer, which does not fall within paragraph 8 above is subject to tax under paragraph 13(1)(b) of the Act as gains or profits from an employment.
DIRECTOR GENERAL'S PUBLIC RULING. Public Ruling as provided for under section 138A of the Income Tax Act 1967 is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board.
Leave passage: - Local leave passage not exceeding 3 times in a calendar year; and - One overseas leave passage in a calendar year, limited to a maximum of RM3,000 Benefits used by the employee solely in connection with the performace of his duties. c) Paragraph 13(1)(c) of the ITA
Feb 20, 2024 · This guide is informed by detailed public rulings and the Income Tax Act, ensuring accurate and reliable information: Public Ruling No.1/2003 – Tax Treatment of Leave Passage; Addendum to Public Ruling No.1/2003 – Tax Treatment of Leave Passage; Income Tax Act 1967; Public Ruling No.4/2015 – Entertainment Expense
DIRECTOR GENERAL'S PUBLIC RULING Section 138A of the Income Tax Act 1967 (ITA) provides that the Director General is empowered to make a Public Ruling in relation to the application of any provisions of the ITA. A Public Ruling is published as a guide for the public and officers of the Inland Revenue Board of Malaysia.
Dec 6, 2013 · Overseas Leave Passage. Overseas Leave Passage, on the other hand, is slightly different from local leave passage. With Overseas Leave Passage, the company will not be entitled to a tax deduction. At the same time, the maximum tax exemption per employee is RM3,000/year.
A Public Ruling as provided for under section 138A of the Income Tax Act 1967 is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board Malaysia.
