Sports Development Act 1997 Tax Relief

Iii purchase of sports equipment for any sports activity as defined under the sports development act 1997 excluding motorized two wheel bicycles and gym memberships.

Sports development act 1997 tax relief. An approved sports body. Purchase of sports equipment for any sports activity as defined under the sports development act 1997 excluding motorised two wheel bicycles and gym. The donations must be at least 250 in the tax year. Income tax assessment act 1997 table of provisions long title chapter 1 introduction and core provisions part 1 1 preliminary division 1 preliminary 1 1 short title 1 2 commencement 1 3 differences in style not to affect meaning 1 4 application 1 7 administration of this act part 1 2 a guide to this act division 2 how to use this act subdivision 2 a how to find your way around 2 1.

Refer to this list of the income tax relief 2018 malaysia. Types of reliefs purchase of sports equipment for any sports activity as defined under the sports development act 1997 not eligible for the purchase of sports clothing and shoes housing loan interest amount limited to a. You will also find the details of who can claim the relief and how this can. 2 500 limited 9.

Purchase of breastfeeding equipment. 2 iv payment of monthly bill for internet subscription. The previous laptop books stationary and sports equipment tax relief is now grouped under lifestyle tax too. This means equipment like footballs shuttlecocks nets rackets martial arts weapons fencing swords.

Act 576 sports development act 1997 list of amendments amending law short title in force from p u. Tax relief of up to myr 300 for the purchase of sports equipment for sports activities as defined under the sports development act 1997. The following sections will explain what an approved sports body and an approved project are. From the year 2008 individual taxpayers are allowed to claim tax deduction of up to rm300 a year on purchase of equipments for sports as defined by the sports development act 1997.

This part has been a point of confusion and contention when it comes to claiming tax relief for sports equipment. A 279 2004 sports development amendment 13 08 2004 order 2004 28 laws of malaysia act 576. And tax relief of up to myr 3 000 for the purchase of a computer to be claimable once over a three year period. Tax relief rebate eduction income credit end year of assessment 2015 malaysia www hasil gov my lembaga hasil dai.

Rm 2 500 including child spouse. A 177 2000 sports development amendment 21 04 2000 order 2000 p u. Lhdn states in the income tax act that the tax relief for sports equipment is only eligible for those used in sporting activities defined in the sports development act 1997. Iii purchase of sports equipment for any sports activity as defined under the sports development act 1997 excluding motorized two wheel bicycles and gym memberships for self spouse or child.

You have an approved project with the department of transport tourism and sport dttas.