Ronnie's Blog

  Malaysia, known for its vibrant culture and robust economy, offers a range of tax relief measures to alleviate the financial burden on its citizens. These measures are designed to encourage savings, support education, and foster a more inclusive economic environment. Understanding the various tax relief options available is crucial for individuals and businesses alike to optimize their financial well-being. Personal Tax Relief: Malaysian taxpayers can benefit from a variety of personal tax reliefs to reduce their taxable income. Some notable categories include: a. Individual Relief:  This encompasses basic necessities such as children's education fees, purchase of books, and medical expenses for parents. Taxpayers can claim relief for themselves, their spouses, and children. My personal favorite: SSPN Prime and Private Retirement Schemes (PRS) SSPN Prime  offers up to RM8,000 in tax relief per individual (until 2024*) PRS  offers up to RM3,000 in tax relief per in...

Datuk Seri Najib Razak’s stepson Riza Shahriz Abdul Aziz was today released from five counts of money-laundering over US$248 million allegedly misappropriated from 1Malaysia Development Berhad (1MDB) after he agreed to pay several million ringgit to the Malaysian government, a report has said. News portal Free Malaysia Today said Sessions Court judge Azman Ahmad today granted a discharge not amounting to an acquittal (DNAA) to Riza after an application was made by the prosecution for the order to be made. Ad-hoc prosecutor Datuk Seri Gopal Sri Ram, who was leading the prosecution, was reported to have read out from a written statement when asking for the DNAA. -Malay Mail

The ringgit rose against the US dollar in the early morning session today on better demand for the local note, amidst broad US dollar weakness. At 9.10am, the local unit was quoted at 4.2950/3050 against the greenback, from 4.3220/3280 at the close on Wednesday. A dealer said market players anticipate the United States' nonfarm payrolls report for April – which will be released later today – to show massive job losses following the Covid-19 pandemic. - Bernama

You can actually use your Mobile Phones to call 15454 to get TNB Careline. This is useful for TNB fault report or other TNB related enquiries.

Note to self : REMEMBER to submit Form BE to the nice tax office in Kelana Jaya