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Malaysia Budget 2024 Highlights

LHDN

Tax Relief

New tax relief of up to RM1,000 introduced for the purchase of sports equipment and activities, inclusive of training fees.

Tax relief for parents' medical treatment, special needs and career expenses expanded to include full medical examination, limited to RM1,000.

Tax exemption for childcare allowance to be increased from RM2,400 to RM3,000.


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