In our latest video, Ms. Lim Nguan Lian, our head of client relationship and I unpack the individual tax updates from Malaysia’s Budget 2025.

Here are the highlights :

✅ Dividend Tax : A new 2% tax for individual shareholders on dividends above RM100,000, effective YA 2025, with exemptions for funds like KWSP and LTAT.

✅ Foreign Source Income (FSI) : Tax exemption extended until December 2036, provided the income is taxed in its origin country.

✅ Child & Elderly Care Allowance : Up to RM3,000 for child and elderly care expenses from YA 2025, broadening support for families.

✅ Enhanced Medical Reliefs : Expanded coverage for mental health, self-test kits, and diagnostic tests, plus increased limits for disabled children’s therapies.

✅ Disability Benefits : Higher relief limits for disabled individuals, spouses, and children.

✅ Eco-Friendly Reliefs : Tax relief on EV charging facilities and food waste composting, promoting green practices.

✅ & more

These updates, effective YA 2025, are designed to enhance tax relief in areas such as healthcare, elderly care, and sustainable living.

👉 Full video on our YouTube channel https://lnkd.in/gsgq8sXW

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