Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!
Q: Can the cost of obtaining a scuba diving certification qualify for tax relief?
A: Yes. The cost for the scuba diving course to obtain a certification may qualify for tax relief depending on the circumstances. It may be claimed under the lifestyle relief if the course is undertaken for upskilling or self-enhancement, subject to a maximum of RM2,500. Alternatively, it may qualify under the sports related additional lifestyle relief if the course is provided by a club or association registered with the Commissioner of Sports or provided by a company incorporated under the Companies Act 2016, subject to a maximum of RM1,000.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru