Income Tax rates for resident individual taxpayer is remained the same.
The income tax rates for non-resident individual taxpayer also remained the same.
Income tax relief limit for course fees taken for skills upgrading and personal development to be increased from RM 1000 to RM 2000.
Income tax relief limit up to RM 8000 can be claimed for medical expenses on serious diseases, fertility treatment, complete medical examination expenses up to RM 1,000 and vaccination expenses up to RM1,000 for taxpayer, spouse, and child to be expanded to includes COVID-19 detection test fee either test performed at a clinic or hospital or purchase of self-test kits and mental health examinations or consultations.
Income tax relief limit for SOCSO contributions to be increased from RM 250 to RM 350. The scope of tax relief to be expanded to cover employee contributions through the Employment Insurance Scheme (EIS).
Income tax relief limit for sending children up to 6 years of age to an orphanage or kindergarten registered with the Department of Social Welfare or the Ministry of Education Malaysia is remained the same but until the year of assessment 2023.
Income tax relief limit for domestic tourism expenses is remained the same but the scope is expanded to includes the purchase of local tourism packages through licensed travel agents registered with the Tourism Commissioner and the year of assessment is until 2022.
Income tax relief limit for additional deductions to existing lifestyle relief limit is remained the same but until the year of assessment 2022.
New tax relief limit for expenses related to cost of installing an electric vehicle charger, purchases include purchase on hire purchase of vehicle chargers, vehicle charger rental or electric vehicle charging facility subscription fee up to RM 2500 and until the year of assessment 2023.
Income tax relief limit for deferred annuity premium payments be aligned to PRS contributions is remained the same but until the year of assessment 2025.
2. Calculation for Knowledge Worker at specified region (Iskandar Malaysia) If the chargeable income does not exceed RM35,000, employee is eligible for individual and spouse rebate for RM400, respectively. The qualifying activities are tourism, healthcare, education, creative, financial, logistic, biotechnology and green technology. Employment must commence between 24 October 2009 and 31 December 2022.
3. New TP1 form format - Change on Previous Employment History accordingly
4. New TP3 form format
5. New EA form 2022
Bugs Fixed
1. Fixed duplicated adhoc paid items in payroll process for commission, claim and bonus.
2. Fixed user invitation issue at employee maintenance.
3. Fixed commit and uncommit payroll process issue.
4. Fixed excel import slow performance issue.
5. Fixed logout button in side menu is not function.
6. Fixed null error for child relief points in payroll process.
7. Fixed delete employee during filter in PPV2.
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Release Note CP 1.0.18
1. Budget 2022 Summary
2. Calculation for Knowledge Worker at specified region (Iskandar Malaysia) If the chargeable income does not exceed RM35,000, employee is eligible for individual and spouse rebate for RM400, respectively. The qualifying activities are tourism, healthcare, education, creative, financial, logistic, biotechnology and green technology. Employment must commence between 24 October 2009 and 31 December 2022.
3. New TP1 form format - Change on Previous Employment History accordingly
4. New TP3 form format
5. New EA form 2022
Bugs Fixed
1. Fixed duplicated adhoc paid items in payroll process for commission, claim and bonus.
2. Fixed user invitation issue at employee maintenance.
3. Fixed commit and uncommit payroll process issue.
4. Fixed excel import slow performance issue.
5. Fixed logout button in side menu is not function.
6. Fixed null error for child relief points in payroll process.
7. Fixed delete employee during filter in PPV2.
0 Votes