Interesting thing about Malaysia income tax relief

@scheng1 (24950)
Singapore
December 6, 2015 2:01am CST
When I check the income tax relief for Singapore tax residents, and Malaysia tax residents, I can see a huge difference. The focus of Singapore government is in pro-family measures. That means a family with kids will ensure a lot tax reliefs to the point that they pay practically nothing for many years. As such, singles do not benefit much. It is a different story in Malaysia. You can find a RM1000 tax relief for the purpose of books, magazines, and publications. You can also claim RM500 for completing a medical examination. You can claim another tax relief of RM300 for purchase of sport equipment. All these tax reliefs are not available for Singapore tax reliefs. It seems that Malaysia government wants their people to focus on all aspects of life, including mental health, family, and physical health.
1 person likes this
1 response
@pgntwo (21374)
• Derry, Northern Ireland
6 Dec 15
An interesting follow-on from an earlier post that you made about the cost of an apartment in Singapore...
1 person likes this
@scheng1 (24950)
• Singapore
7 Dec 15
I wonder if the tax structure in your country allows for such generous tax relief.
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@pgntwo (21374)
• Derry, Northern Ireland
7 Dec 15
@scheng1 Not really, as what is given out by one hand, is taken back with the other, alas. The government here aspires to the Asian model, with work, work, work and little or no play.