ringgitplus2026-05-0610 min read
Salaried Employee Tax Exemptions That Will Save You Money
Check out the link for the RInggitPlus + ThinkTx curated Article by Our Tax Professionals.
This article highlights how salaried employees in Malaysia can save money by properly claiming tax-exempt perquisites and benefits-in-kind. It explains that employment extras like petrol allowances (up to RM6,000), childcare subsidies (up to RM3,000), medical benefits, and parking fees are fully or partially tax-exempt, provided they are recorded correctly in Part F of your EA form. The guide also details how non-cash benefits, such as company cars, are valued for tax purposes. Additionally, it outlines the new 2% tax on dividend income exceeding RM100,000 starting in YA 2025, while clarifying that bank interest remains exempt.
This article highlights how salaried employees in Malaysia can save money by properly claiming tax-exempt perquisites and benefits-in-kind. It explains that employment extras like petrol allowances (up to RM6,000), childcare subsidies (up to RM3,000), medical benefits, and parking fees are fully or partially tax-exempt, provided they are recorded correctly in Part F of your EA form. The guide also details how non-cash benefits, such as company cars, are valued for tax purposes. Additionally, it outlines the new 2% tax on dividend income exceeding RM100,000 starting in YA 2025, while clarifying that bank interest remains exempt.
Curated by Steffi Manisha Arokiam, Associate Director, both at ThinkTx Consultants Sdn Bhd