TAX QUESTIONS? YOU ASK LAH!

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Q: I am a sales manager, and my job requires frequent client meetings. My employer provides a travelling allowance of RM6,000 a year, but my actual expenses for client meetings exceed this amount. The excess is not reimbursed by my employer. Can I claim a deduction for these expenses incurred?

A: If your employer provides a travelling allowance, it is tax-exempt up to RM6,000 per year. However, expenses covered by this tax-exempt allowance cannot be claimed as deductions. Only the expenses exceeding RM6,000 may be claimed as a deduction against your employment income, based on actual spending.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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