警告！「內臟脂肪」對人體危害大！超簡單「腹式呼吸法」迅速消滅肥肉，這招很神快學！

<br /> <br /> <section> </section> <br /> <div class="row"><img class="image" src="http://buzzlife.com.tw/photo/5//1421834463_0_600.jpg" /> </div><div class="row" style="text-align: center;"></div><br /> <br /> <section> 當一定量的內臟脂肪其實是人體必需的，因為內臟脂肪圍繞著人的臟器，對人的內臟起著支撐、穩定和保護的作用。然而，當內臟脂肪 堆積過多時，一方面就會形成水桶腰、將軍肚等造成身材不美觀的問題;另一方面，內臟長期堆積過多脂肪會影響消化功能，導致內分泌紊亂，還增加了患高血脂、 高血壓、脂肪肝等疾病的機會，下面就跟小編一起詳細瞭解吧！<br /> </section> <br /> <div class="row"><script async="" src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><br /> <!-- Blogger adv1 --><br /> <ins class="adsbygoogle" data-ad-client="ca-pub-2087779861746347" data-ad-slot="2583305919" style="display: inline-block; height: 280px; width: 336px;"></ins><br /> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script> <img class="image" src="http://buzzlife.com.tw/photo/5//1421834463_1_600.jpg" /> </div><span style="color: red;">內臟肥胖者的特徵</span> 　　<br /> <br /> <span style="color: red;">1. 肚子凸起</span> 　　這是最簡單的判斷方法。臨床經驗顯示，90%以上的「大肚子」都是內臟肥胖者。專家指出：男性腰圍>90釐米，女性腰圍>85釐米都是典型的「內臟脂肪型」肥胖。 　　<br /> <br /> <br /> <span style="color: red;">2. 嘗試了各種</span> 瘦腰的方法，腰圍還是無法減下去 　　因為內臟脂肪剛好位於腹腔之中，而人們改採取的各種瘦腰法都只是減腰腹皮下脂肪的方法，無法清除藏於內臟的脂肪，所以各種瘦腰法都無濟於事。 　　<br /> <br /> <span style="color: red;">3. 便秘常來光顧</span> 　　內臟脂肪囤積過多無法自然離開身體，嚴重影響消化功能，便秘現象也就隨之而來了。 　 　<br /> <br /> <span style="color: red;">內臟肥胖的原因</span> 　　<br /> <br /> <br /> <span style="color: red;">1. 容易被忽視</span> 　　人們減肥時只注重減掉「皮下脂肪」，而忽視了「內臟脂肪」。因為皮下脂肪顯然易見，只要囤積一點就會引起愛美女性的注意，馬上將其消除。而內臟脂肪隱藏得深，有的體型偏瘦的人也會內臟脂肪多，所以內臟脂肪很容易被人們所忽視。 　<br /> <br /> <br /> <span style="color: red;">2. 飲食不均衡</span> 　　早餐經常吃得很少或者不吃，午餐和晚餐卻很豐富，還經常吃宵夜。偏食，愛吃油膩食品或者甜食，肉多菜少。 　　<br /> <script async="" src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><br /> <!-- Blogger adv1 --><br /> <ins class="adsbygoogle" data-ad-client="ca-pub-2087779861746347" data-ad-slot="2583305919" style="display: inline-block; height: 280px; width: 336px;"></ins><br /> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script><br /> <br /> <span style="color: red;">3. 動得少</span> 　　現在的人們尤其是白領一族，坐的時間遠多於站著或走動的時間。外出不愛走路，不是開車就是坐公交。在公司就是黏在椅子上，一坐就是一天。體育運動少得可憐。<br /> <br /> <span style="color: red;">將多餘脂肪從內臟趕出去</span> 　<br /> <br /> <span style="color: red;">1. 運動必不可少</span> 　　要多做一些有氧運動，游泳、慢跑和快步走這幾項運動對於減掉內臟脂肪效果顯著。據調查快步走可以提升體內脂肪的激素含量，所消耗掉的內臟脂肪比慢走要多47%。每次運動至少要45分鐘。 　<br /> <br /> <span style="color: red;">2. 吃必不可少</span> 　　這裡說的吃不是指什麼都可以吃，而是要適當攝入一些能夠減去內臟脂肪的物質。如膳食纖維。膳食纖維，具有吸水作用，吸水後體積增大，從而產生飽腹感而減少能量攝入。攝入的熱能減少，在腸道內營養的消化吸收也下降，最終使體內脂肪消耗而起減肥作用。 　<br /> <br /> <span style="color: red;">3. 腹式呼吸必不可少</span> 　　腹式呼吸不僅可以充分發揮心、肺細胞的功能，增大肺活量，加強心臟功能，還對消除腹部脂肪、排除腹部廢物，改善腹部血液循環，促進腹部及盆腔臟器的生命活動等皆有重要意義。 <br /> <div class="row"><img class="image" src="http://buzzlife.com.tw/photo/5//1421834463_2_600.jpg" /> </div><br /> <br /> <section> 　　<span style="color: red;">練習方法</span> 　<br /> <br /> 1. 取仰臥或舒適的冥想坐姿或仰臥，放鬆全身。 　<br /> <br /> 2. 觀察自然呼吸一段時間。 　<br /> <br /> 3. 右手放在腹部肚臍，左手放在胸部。 　　<br /> <br /> 4. 吸氣時，最大限度地向外擴張腹部，胸部保持不動。 　　<br /> <br /> 5. 呼氣時，最大限度地向內收縮腹部，胸部保持不動。 　<br /> <br /> 6. 循環往復，保持每一次呼吸的節奏一致。細心體會腹部的一起一落。 　　想要消除水桶腰和大肚腩，首先你要消除內臟脂肪，利用上面教的一些方法，有效減贅肉，塑造好身材。<br /> </section><br /> <br /> <script async="" src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><br /> <!-- Blogger adv1 --><br /> <ins class="adsbygoogle" data-ad-client="ca-pub-2087779861746347" data-ad-slot="2583305919" style="display: inline-block; height: 280px; width: 336px;"></ins><br /> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script>

警告！「內臟脂肪」對人體危害大！超簡單「腹式呼吸法」迅速消滅肥肉，這招很神快學！

當一定量的內臟脂肪其實是人體必需的，因為內臟脂肪圍繞著人的臟器，對人的內臟起著支撐、穩定和保護的作用。然而，當內臟脂肪 堆積過多時，一方面就會形成水桶腰、將軍肚等造成身材不美觀的問題...

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26 SIX WAYS TO SAVE TAX IN MALAYSIA

<div class="separator" style="clear: both; text-align: center;"><script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><br /> <!-- Banner for blog --><br /> <ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-2087779861746347" data-ad-slot="4702070316"></ins><br /> <script> (adsbygoogle = window.adsbygoogle || []).push({}); </script><br /> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3vG6Cykk4ZM_N925zNBL6MpBoaRmxzAgPQWtSmw__suit2ghkxuieq4UM5tJ9TyYjDLhSiCBQwoMroClZl-brYDfSzkN_SVtp3BuWlHYA0KIg0doeW1vjtPpyZ0_nI9iBkvT7_VHnPQ0/s1600/Tax-Planning.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="260" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3vG6Cykk4ZM_N925zNBL6MpBoaRmxzAgPQWtSmw__suit2ghkxuieq4UM5tJ9TyYjDLhSiCBQwoMroClZl-brYDfSzkN_SVtp3BuWlHYA0KIg0doeW1vjtPpyZ0_nI9iBkvT7_VHnPQ0/s1600/Tax-Planning.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /> </div><div align="center" style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: orange; font-family: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="font-size: x-large;"><span style="border: 0px; font-family: Tahoma; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">26</span><span style="border: 0px; font-family: Tahoma; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> </span><span style="border: 0px; font-family: Tahoma; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax-Saving</span><span style="border: 0px; font-family: Tahoma; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> Moves</span></span></span><span style="border: 0px; font-family: Tahoma; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="font-size: x-large;"><br style="position: relative; word-wrap: break-word;" /></span></span><span style="border: 0px; font-family: inherit; font-size: xx-small; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">They are legal and permitted by Inland Revenue Board ( IRB )</span></span></span><br style="position: relative; word-wrap: break-word;" /><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: xx-small; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><br style="position: relative; word-wrap: break-word;" /></span></span></span><br style="position: relative; word-wrap: break-word;" /><div class="separator" style="border: 0px; clear: both; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></div><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: xx-small; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><br style="position: relative; word-wrap: break-word;" /></span></span></span></div><span style="background-color: white; border: 0px; color: #333333; font-family: Tahoma, Helvetica, Arial, sans-serif; font-size: 12px; line-height: 19.200000762939453px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: 16px; font-style: italic; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">1) Save for your Child’s Education</span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 16px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span></span><br /> <ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Since 2007 , any amount that is deposited into a savings account for your child under national Education Savinds Scheme ( Skim Simpanan Pendidikan Nasional ) allows you to claim tax deductions.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Thers is a limit of RM 3000 for this deduction but spouse who file separate tax returns can each claim this amount .</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax Deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> : RM 3000 per individual</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A : </span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">As he falls in the</span><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> </span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">24% tax bracket , this deduction translates to a </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">tax saving of RM 720</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> ( RM 3000@24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">2 ) File Separate tax returns</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">A separate assessment allow each spouse to claim personal tax relief of RM 8000 while a joint tax return allows one spouse to claim a wife or husband relief of RM 3000</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax Deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> Each spouse earning Taxable income can claim personal tax relief of RM 8000 by filling separate tax returns.</span> </span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">3) Ask your employer to increase your EPF contributions</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Contributions to the employees Provident Fund (EPF) by employers are tax-exempt for the employees.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">To reduce your taxable income , ask your employer to reduce your EPF monthly salary but increase your EPF contributions by the same amount.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax Deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> The deductible amount from your taxable income is dependent on the arrangement between you and your employer.</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> : Mr A agrees to takle monthly pay cut of RM 1000 for an equivalent increase in his EPF contributions by his employer.At the end of the year , he receives an additional RM 12000 in his pension fund but his taxable income is reduced by the same amount.</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">tax saving</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">that he makes is RM 2880</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> ( RM12000@24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">4) Change your cash remuneration to cash reimbursement</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Fixed allowances given by your employer each month for entertainment and housing or parking fees are taxable at your tax bracket.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Change this to a “ reimbursement “ based on receipt and you are not taxed on the amount received.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax Deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> The deductible amount from your taxable income is dependent on the arrangement between you and your employer</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A : By Changing a yearly fixed allowance of RM 6000 to a reimbursement of the same amount and supported by receipts , Mr A makes a </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">tax saving of RM1440</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> ( RM 6000@24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">5) Ask for a company car</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">A car given by your employer is regarded as a </span><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">benefit-in kind</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">( BIK )</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> and taxable.</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">However , a company car is advantageous for taxpayers because the preset tax scale for cars is much lower than the actual cost of buying and maintaining a car.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">According to the Public ruling for </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">BIK</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">s , the tax payer must pay RM 3600 in taxes every year, for a car worth RM 75000</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">If the employer pays for fuel , the tax payer is taxed an additional RM 1200 for this </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">BIK</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax deduction :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> Whether you benefit from a company car depends on the value of the car and your current tax bracket. Do the calculations to ascertain your tax deduction.</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">6) Make charitable contributions</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">A </span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">gift of money to an approved charitable organisation entitles you to a tax deduction for the amount given.</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">From 2008 onward , this amount cannot exceed 7% of your aggregate income.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">However Charitable donations that were made in 2007 are not subject to this limit.</span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> Up to 7% of your aggregate taxable income can be reduced with this deduction.</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A : With his taxable income of RM 90000 , Mr A can make a donation of RM 6300 .This deduction results in a </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">saving of RM 1512</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> ( RM 6300@24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">7) Take Up postgraduate studies</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">A relief of RM 5000 per year for any course of study at the Master’s or doctorate level , the government announced in 2007 Budget the widening of the scope to all postgraduate studies.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The course does not have to be done full time , but “ must be in an institution or professional body in Malaysia recognised by the government or approved by Minister of Finance</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax Deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> RM 5000 per individual</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A : As he completes his master’s degree . Mr A can enjoy</span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">tax saving RM 1200</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> from his taxable income ( RM 5000@24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">8) Read , Read , Read</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Starting from YA 2007 , taxpayers can claim a personal tax deduction to RM 1000 for purchase of books, journals , magazines and other publications.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">To maximise this generous deduction , consider giving books as gifts.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff6600; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax Deduction </span>: RM 1000 per individual</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A : With book purchases of RM 1000 Mr A saves RM 240 ( RM 1000@24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">9) Get Sporty</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">You will get a deduction of RM 300 for each year of assessment for the purchase of sports and exercise equipment for any sports activities defined under the Sport Development Act 1997 “</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax Deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> : RM 300 per individual</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A : By buying RM 300 worth of sports equipment , Mr A</span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">makes a saving of RM 71</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> ( RM 300@24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: italic; font-weight: bold; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">10) Buy Life Insurance</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The maximum tax relief is RM 6000 a year for premiums paid to an insurance company for life Insurance or deferred annuity plans.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">This Limit is shared with your contributions to the EPF, other employer schemes and contributions under any written law relating to widows or orphan pensions</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> : RM 6000 per individual ( shared with your EPF contributions )</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">11) Take out a Medical or Education policy</span></span></div><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">You can claim deductions of up to RM 3000 a year for education and medical insurance ( combined limit for both )</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">This includes medical coverage that is part of life insurance policy( the limit for life insurance is in move 10 )</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">A policy of this kind can be written for you , your spouse or your child.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> RM 3000 per individual</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A :After acquiring an education policy for his children , Mr A makes a </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">saving of RM 720</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> ( RM 3000@ 24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">12) Pay your parents’ medical bills</span></span></div><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">You are able to claim up to RM 5000 for payments towards your parents’ medical bills.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> RM 5000 per individual</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A : By paying his parents’ medical bills , Mr A </span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">makes a</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; color: #3333cc; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">saving of RM 1200</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> ( RM5000@ 24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">13) Medical</span> </span></span></div><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Claim a deduction of up to RM 500 per tax year for a full medical examination and RM 5000 for medical expenses for yourself, spouse or child for serious disease.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">If you have also spent money on full medical in the same year, your claim will be reduce the RM5000 available for serious disease.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">A separate tax reduction of up to RM5000 a year is given for necessary basic supporting equipment for disabilities suffered by yourself ,spouse, children or parent</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax Deduction :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> RM 500 per individual for full medical check-up.</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">RM5000 for serious diseases or basic supporting equipment </span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A : He claimed for a full medical check-up .The deduction give him of RM 120 ( RM 500@24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">14) Pay Zakat</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">If you are a muslim ,paying any amount in zakat , fitrah or other obligation Islamic dues will entitle you to a tax rebate.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax deduction</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> :</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> The Amount of zakat that you pay</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">15) Buy a Computer</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">A deduction of up to RM 3000 can be claimed once every three years for the purchase of computers , printers and bundled software .</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The similar i9ncentive given previously in the form of a tax rebate was withdrawn with effect from 2007</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff6600; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax deduction</span> : RM 3000 once every three years.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For Mr A : Getting a computer for RM3000 gives him a saving of RM 720 ( RM 3000@24%)</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">16) Hire a Tax Consultant</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Consider hiring a tax consultant to explore ways your remuneration package can be structured to maximise your tax savings.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Those who are earning at least RM5000 every month should be able to justify the cost of hiring a tax adviser with their tax savings</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax saving : this is dependent on your personal circumstances and the deal that you negotiate with your employer.</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax – Savvy Investments</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">You may be looking at some investment this year.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">There are savings to be made from certain investments , from a tax point of view.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">However , some moves may be advantageous if you fall into a higher tax bracket.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Besides looking for tax-exempt investment , here are four investment moves to explore</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">17) Buy property valued below or at RM250000</span><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> </span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Stamp duty must be paid on all property transactions that involve a change of legal ownership.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Last year’s budget ( 2008 ) announced a </span><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">50% stamp duty exemption</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> for the purchase of houses that do not exceed RM250000</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The maximum tax savings that can be found here is RM2000 ( for a house worth RM250000 )</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">This exemption is only given for one house per individual and applies to sale and purchase agreement signed between September 2007 and December 2010</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">18) Buy Similar property</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Similar property can be grouped together for income tax purposes.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The IRB has indentified categories such as residential , commercial and vacant land.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">If you own two property in the same category , you can reduce the taxable profit made from one property with the loss, if any incurred from the other.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Property investors are also exempt from real property gains tax for all disposals on on or after 1<span style="border: 0px; font-family: inherit; font-size: 11px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; top: -0.4em; vertical-align: baseline; word-wrap: break-word;">st April 2007.</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: 11px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; top: -0.4em; vertical-align: baseline; word-wrap: break-word;">However , taxpayers who are trading property – buying and selling in order to generate income – are liable to income tax.</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: 11px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; top: -0.4em; vertical-align: baseline; word-wrap: break-word;">“ This exemption is meant for taxpayers who invest in property for a passive income”</span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: 11px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; top: -0.4em; vertical-align: baseline; word-wrap: break-word;">Tax deduction :</span></span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: 11px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; top: -0.4em; vertical-align: baseline; word-wrap: break-word;"> Taxable income received from renting out a property in a particular grouping such as residential can be reduced if a loss was incurred by another property in the same group.</span></span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">19) Buy shares </span><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">( page1 )</span><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> </span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Invest in dividend-yielding shares if your tax bracket is above 26%.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> <span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">A new single-tier system was established under the national Budget for dividends received by shareholders. </span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Companies pay tax of 26% (YA2008) and shareholders receive a net dividend that is exempt from tax and does not need to be filed with the IRB “Shareholders who fall into higher tax brackets [higher than 26%] are essentially [getting a] saving on the difference.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">“The single-tier dividends is intended to simplify the tax filing process for individuals,” says Chua Tia Guan, executive director and head of tax and financial planning at Great Vision Wealth Management Sdn Bhd.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">“In the past, refunds had been slow. From now on, there is no need to declare or apply for a refund. And as corporate taxes are falling, companies will be able to pass on more profits to their shareholders [in the form of dividends],” he says.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">However, not all companies will go under the single-tier system immediately as some of them might have imputation tax credits left, which they can use till 2013.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> <span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Shareholders who receive dividends from companies using the imputation system will have to report the amount received and claim a tax refund if his personal tax rate is lower than the company’s tax rate (27% in YA2007, 26% in YA2006). </span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Shareholders can identify the system used by the company as it is stated in the dividend vouchers.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><b style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax Deduction :</b></span> <span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Your tax saving is the difference between your tax bracket and 26% (the corporate tax rate). This is only applicable to dividends given out by companies using the single-tier system.</span> </span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">20) Invest in REITs</span><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> </span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">You can go into real estate investment trusts ( REITS )if your tax bracket above 15%.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">There are 11 REITs listed on the Main Board.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The tax on dividends given out by these property-related investments are taxed at 15% as compared to tax on dividend at 26% ( under the new single –tier dividend system )</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Only tax brackets exceeding 15% would enjoy some tax savings by investing in REITs</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Since the distributions received by individual taxpayers have been subject to that 15% , the taxpayers are not required to declare the amount in their tax return.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #ff3300; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Tax deduction:</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> Your tax saving is the difference between your personal tax bracket and 15%</span></span></li> </ul><span style="background-color: white; border: 0px; color: #333333; font-family: Tahoma, Helvetica, Arial, sans-serif; font-size: 12px; line-height: 19.200000762939453px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Moves for Business Owners</span><span style="border: 0px; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><br style="position: relative; word-wrap: break-word;" /></span></span><br /> <div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; font-style: italic; font-weight: bold; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The first rule that small-business owners should implement with regards to their taxes is to take it seriously.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Spend some time strategising for your business activities to save hundreds or thousands ringgit.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Here are six</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">21) Maintain books and records from Day 1</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Keep separate bank accounts for personal and business transactions and establish a basic accounting system.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The inland Revenue Board recognises business income on an accrual basis .</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">This means that as long as a transaction is completed, either a sale of goods or a provision of service , its value is immediately treated as business income and is taxable.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">However , unpaid transaction can be reduced your taxable income.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Any expenses made fro the business can be deducted from the business income.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The General rule is that expenses can be deducted if it is wholly and exclusively incurred in earning your business income.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">So Keep the receipts for all supplies that you buy for your business</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">However there is no deduction for capital expenditure although some assets will qualify for tax relief by way of capital allowances</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">22) Time the purchase and use of your fixed assets</span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Capital allowances are permitted for certain business assets such as equipment , machinery , vehicles computers and software.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The amount of allowances permitted each year depends on the category that asset falls into .( refer to Public Ruling No 2/2001 for the deductible rate of your assets.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The first capital allowance is given for the accounting year in which the asset was purchased and used by the business.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">If you are contemplating a purchase , try to do it before the end of the accounting year, instead of just after , to claim the capital allowance against your business income.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">If you are buying the asset with a hire-purchase loan, allowance can only be claimed as and when repayments are made to the lender.</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">23) Buys a company car </span></span></div><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span></div><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span></div><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">If you are a sole trader or a partner in a business, any car or vehicle that is used for business purposes can bring about tax deductions.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">“The business income is reduced by the car’s financing cost if you buy the car on hire-purchase.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">You are also deduct a certain amount for capital allowances every year,</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Before implementing this tax-saving technique, business owners must identify a percentage of the car’s use that is for private activities.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">As there is no definite ruling on how to determine this proportion for private use, business owners must apply a fair and reasonable figure that can withstand scrutiny.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">“Estimating private mileage is an exercise that must be undertaken in accordance to the facts on your actual usage.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">And remember to record all running expenses to make these deductions,” says Thornton.</span> </span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">24) Hire your spouse or family member</span><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> </span></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">An effective tax-saving strategy is to hire a spouse or family member.</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">“For example, a husband who is a business owner can hire his wife. The wife’s salary is tax deductible but you must be able to show that she is doing something to earn it,</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">In this situation, you would have to contribute to your wife’s Employees Provident Fund (EPF) savings and that amount entitles her to tax relief.</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Another option is to make your spouse or family member a partner in your business.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">This allows you to divide the income made by the business between the both of you.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">As a partnership has no tax liability, both partners are liable for tax for the respective portion of business income that each earns.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> <span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">“By opting for separate tax assessments, a husband and wife who are partners in a business can each claim individual tax relief.</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">25) Implement a process to ‘chase after’ unpaid debts</span><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> </span></span></div><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span></div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Unfortunately, small business owners can complete a sale or service but might not receive payment, in full or in part.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">At the end of an accounting year, a debt, which is estimated to be wholly or partly irrecoverable, can be deducted from your business income and this lowers your tax bill.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">“Tax authorities tend to look closely at bad-debt write-offs and provisions (for debts that are expected to be partly recoverable).</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">So put in some effort to recover the debt before deeming it irrecoverable and you must evaluate each debt separately.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The process that you put in place to recover your unpaid debts should be documented and any conclusion that you make should be supported with documentation as well.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> <span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">For example, you must show why it it not cost effective to take legal action against a customer.</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">However, if you eventually recover bad debts that have been written off or partially written off, you must include this amount in your taxable income for the year that you received payment.</span></span></li> </ul><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; color: #333399; font-family: Tahoma; font-size: inherit; font-style: italic; font-variant: inherit; font-weight: bold; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">26) Dedicate a space in your home office</span></span></div><div style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><br /> </div><ul style="background-color: white; border: 0px; color: #333333; font-family: 'Trebuchet MS', Verdana, Arial, sans-serif; font-size: 13px; line-height: 18.90625px; list-style-image: initial; list-style-position: outside; margin: 1.5em 0px 1.5em 3em; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;" type="disc"><li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Working in your own house can result in tax deductions for the costs related to your “home office”.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">This includes electricity, telephone bills, quit rent and service charges of apartments.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> <span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">The best way to claim for these deductions is to dedicate a room or place as the working environment.</span><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"></span></span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">“A dedicated area helps to identify expenses that are specifically for business purposes and can be claimed in full.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">Items that are used by the business as well as personal use, such as electricity, must be apportioned.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> <span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">One way to do so is on the basis of floor area.</span> </span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">If the business owner pays rent for the working area, this expense can be deducted from the business income.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">This applies to rent that is paid to a spouse who owns the home but is not involved in the business.</span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"> <span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">However, this is strategy is only effective if the spouse who is not involved in the business is taxed at a low tax rate as rental received must be declared as taxable income.</span> </span></li> <li style="border: 0px; font-family: inherit; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0.5em 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;"><span style="border: 0px; font-family: Tahoma; font-size: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; position: relative; vertical-align: baseline; word-wrap: break-word;">If this is an appropriate strategy for the business owner, A tenancy agreement that specifies rental for a specific part of the house at the prevailing market rate.</span></li> <li></li> </ul>

26 SIX WAYS TO SAVE TAX IN MALAYSIA

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