TAX QUESTIONS? YOU ASK LAH!

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Q: If Chris purchase a laptop in overseas for his child who is studying abroad, can he use the invoice which is billed in foreign currency to claim lifestyle relief?

A: Yes, he can claim the lifestyle relief, but he needs to convert the invoice amount to Malaysian Ringgit. He can get the foreign currency exchange rate from the LHDN website. 


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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