By Paul Smit-Oracle on Jan 13, 2015
IRBM (Inland Revenue Board of Malaysia) has announced further amendments to the Monthly Tax calculations. These changes are in addition to the legislative changes announced in the budget during October 2014 and will come to effect from 1st of January 2015. Tax reliefs for disabled child, increase in higher education, Benefits-in-kind & Value of Living Allowance are categorized as normal remuneration, increase in combined deduction limit of Medical Expenses for treatment of serious disease & complete medical examination are the few to name it. Our Position Statement has been revised to include these legislative updates. We advise customers to review our position statement to keep up-to-date. The document is available on My Oracle Support under Document ID 1960752.1.