TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

Q: I received a one-off RM100 cash assistance from the MyKasih Foundation. I used it to buy biscuits which will be sold in my mini market. Is the income earned from selling the biscuits subject to tax?

A: Yes, the income earned from selling the biscuits is your business income and it is subject to income tax in Malaysia.