As announced by the Finance Minister of Malaysia on 31 May 2018, the contributions made to Tabung Harapan are fully tax deductible under allowable deduction for gift of money to the government, state government of local authorities.
The last date for the contributions and donations to the Tabung Harapan Malaysia was on January 14, 2019.
In order to claim the said donation for tax deduction purposes, do keep the receipts of the transactions as stated under Subsection 44(6) of Income Tax Act 1967.
The type of receipts or documents are as follows:
If you need further clarification or information, please do not hesitate to contact our tax advisors for professional consultation.
Photo credit : www.nationalgeographic.com/travel/destinations/asia/malaysia/
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