Wednesday, January 5, 2011

Money Managing Tip No. 1 - Taxes: Start Saving Reciepts

With the New Year, so comes the New Tax Year! While the end of April is a distance away..

Remember to start saving your receipts/bills to prove the following tax reliefs in case you need to prove them:

1) RM1000 for books, journals, magazines
2) Rm 300 for sports equipment -no, sorry gym membership not included
3) RM 3000 for purchase of a personal computer (once every 5 years) - Some people have asked whether I-pads are valid claim and the answer seems from the Inland Revenue Board is that yes, there is an arguable case to claim it.. so put it in!)

Start filing away those receipts!

Image Credit : TAX TIME3
Jcpjr |

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