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Wednesday, April 1, 2009

9/20 Way to slash individual TAXES


9) Get Sporty
You will get a deduction of RM 300 for each year of assessment for the purchase of sports and exercise equipment for any sports activities defined under the Sport Development Act 1997 “

Tax Deduction : RM 300 per individual

For Mr A : By buying RM 300 worth of sports equipment , Mr A makes a saving of RM 71 ( RM 300@24%)

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