eKTP 73

Benefit-in-kind and Perquisites from Employment
Part 3 of 4 

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2. Others taxable as Benefit-in-kind (Continue)

 b) Household furniture and fittings

  • Semi-furnished (furniture in lounge, dining room or bedroom)
    Taxable value = RM 840 (Annual prescribed value)

  • Semi-furnished (furniture in item 1 plus air conditional / curtains / carpets) Taxable value = RM 1,680 (Annual prescribed value)

  • Fully furnished (furniture in item 2 plus kitchen equipment / crockery / utensils / appliances)
    Taxable value = RM 3,360 (Annual prescribed value)


3. Tax Exemptions

  • Dental benefit

  • Child care benefit – child care centres provided by employers to their employees’ children

  • Food and drink provided free of charge

  • Free transportation between pick-up points or home and the place of work (to and from)

  • Leave passage benefit consisting of

    • Leave passage in MY of not more than 3 times in one calendar year, or

    • Oversea leave passage of not more than once in any calendar year limited to a maximum amount of RM3,000

  • Leave passage expenditure (costs of fares, meals & accommodation) to facilitate a yearly event within Malaysia which involve the employer, employee and immediate family members deductible as entertainment expense

  • Discounted price for consumable business products of employer

    • Value of discount on goods will be exempted up to maximum RM1,000 and the goods can be provided fully or partially discounted by applying the sale price

    • Either manufactured by the employer or trading stock of the employer

  • Discounted price for services provided by the employer to employee is fully exempted

  • The medical benefits to be extended to include expenses on maternity and traditional medicines such as ayurvedic and acupuncture

  • Retirement gratuity
    The full amount of gratuity received by an employee in retirement from employment is exempt if:

    • The Director

    • Oversea leave passage of not more than once in any calendar year limited to a maximum amount of RM3,000


To-be continued...