YYC Newsletter 27/6/2020 
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   Tax Deduction for Secretarial and Tax Filing Fee

Pursuant to the Income Tax (Deduction For Expenses in Relation to Secretarial Fee and Tax Filing Fee) Rules 2020 [P.U.(A) 162/2020] published by the Federal Government on 19 May 2020, the following expenses incurred shall be allowed for tax deduction with effect from year of assessment 2020 :

   Secretarial Fee

  • charged for secretarial services provided by a company secretary registered under Companies Act 2016 (Act 777) 
  • which is incurred and paid by the person in the basis period for the year of assessment.

   Tax Filing Fee

  • Charged for the preparation and submission of return in the prescribed form as follows:
  1. Tax Filing Fee (charged by approved tax agent under Income Tax Act)
    – for the purpose of sections 77, 77A, 77B, 83 (for the basis period of the immediately preceding year of assessment) and Section 107C of the Act
  2. SST Filing Fee
    – for the purpose of Sales Tax Act 2018 (Act 806) and Services Tax Act 2018 (Act 807)
  3. Filing of Return for Departure Levy
    – for the purpose of Section 19 of Departure Levy Act 2019 (Act 813)
  4. Filing of Return for Tourism Tax
    – for the purpose of Section 19 of Tourism Tax Act 2017 (Act 791)

     The total deduction allowed is up to maximum of RM15,000 for a year of assessment.

  • These rules are effective from year of assessment 2020.
  • Income Tax (Deduction for Expenses in relation to Secretarial Fee and Tax Filing Fee) Rules 2014 [P.U.(A) 336/2014 is revoked.

Source:
Income Tax (Deduction for Expenses In Relation to Secretarial Fee and Tax Filing Fee) Rules 2020

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