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Q: For the education fees relief of RM7,000, does it include online courses such as shares and options trading, online marketing, property investments, etc? 

A: Only fees expended for any of the following courses of study undertaken in any institution or professional body in Malaysia recognized by the Malaysian Government or approved by the Minister of Finance are eligible for relief:-

(i) Other than a degree at Masters or Doctorate level
Any course of study up to tertiary level undertaken for the purpose of acquiring law, accounting, Islamic finance approved by Bank Negara Malaysia or Securities Commission, technical, vocational, industrial, scientific or technological skills or qualifications; or
(ii) Degree at Masters or Doctorate level
Any course of study undertaken for the purpose of acquiring any skill or qualification.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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