TAX QUESTIONS? YOU ASK LAH!

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Q: If the employer contributes 20% of the employee’s salary into EPF as the employer’s portion, is the whole contribution amount tax deductible?

A: The maximum tax deduction that an employer can get for the EPF contribution is only 19% of the employee’s salary. 


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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