Updates on tax deduction of secretarial fees and tax filing fees

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The MIRB has issued amended Technical Guidelines (dated 17 August 2022) on the Deduction of Secretarial Fees and Tax Filing Fees from YA 2022 onwards (“Guidelines”). 
  
According to these Guidelines, the amount of tax deduction allowed for secretarial fees and tax filing fees incurred are limited to RM15,000 effective YA 2022 onwards.
  
The expenses in relation to secretarial fees and tax filings fees which were incurred in YAs 2020 and 2021 but were not claimed, will only be allowed for deduction if the expenses are paid in YA 2022 or YA 2023.
  
Expenses incurred before YAs 2020 and 2021 which have not yet been claimed will no longer be allowed to be claimed effective 1 January 2022.

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