Effective from the year of assessment 2017 (tax filing in 2018), individual taxpayers can enjoy a new Lifestyle Tax Relief with an annual limit of RM2,500. It covers purchase of printed newspapers, smartphones & tablets, Internet subscriptions and gym membership fees.
We have provided two examples of this tax relief in effect below.
Eg: Broadband 60 Plan
Tax relief: RM60 x 12 months = RM720
Smartphone bundled package
Eg: iPhone X 64GB with Digi Postpaid 138
Tax relief: RM3,495 (Phone value) + RM138 x 12 months = RM2,500 (max relief)