Pursuant to the Income Tax (Deduction For Expenses in Relation to Secretarial Fee and Tax Filing Fee) Rules 2020 [P.U.(A) 162/2020] published by the Federal Government on 19 May 2020, the following expenses incurred shall be allowed for tax deduction with effect from year of assessment 2020:
Before YA 2020:
Maximum secretary fee deductible amount: RM 5,000
Maximum tax agent fee deductible amount: RM 10,000
charged for secretarial services provided by a company secretary registered under Companies Act 2016 (Act 777)
which is incurred and paid by the person in the basis period for the year of assessment.
Deductible Secretary Fee:
Monthly/Yearly secretary fee
Preparation of AGM
Preparation for resolution
Share allotment/transfer fee
Note: Services must be provided by Registered Secretary under Companies Act 2016
Tax Filing Fee
Charged for the preparation and submission of return in the prescribed form as follows:
Tax Filing Fee(charged by approved tax agent under Income Tax Act) – for the purpose of sections 77, 77A, 77B, 83 (for the basis period of the immediately preceding year of assessment) and Section 107C of the Act
SST Filing Fee – for the purpose of Sales Tax Act 2018 (Act 806) and Services Tax Act 2018 (Act 807)
Filing of Return for Departure Levy – for the purpose of Section 19 of Departure Levy Act 2019 (Act 813)
Filing of Return for Tourism Tax – for the purpose of Section 19 of Tourism Tax Act 2017 (Act 791)