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Q: Is the registration fee for a 5km fun run eligible for lifestyle tax relief?
A: If the organiser of the 5km fun run is approved and licensed by the Commissioner of Sports under the Sports Development Act 1997, the registration fee will be eligible for the sports-related additional lifestyle tax relief of up to RM1,000.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru