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. Can I claim tax deduction on the purchase of biscuits expense against the sale of biscuits? 

A: No, the expense incurred on the purchase of biscuits is not deductible against the sale of biscuits because the purchase is made from a subsidy given to you by the government.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

Subscribe To Our Newsletter To Get Weekly Dose of Tax Knowledge!

Email:

We respect your email privacy