ADDENDUM TO SPECIFICATION FOR MONTHLY …附录规范每月u2026.pdfVIP

LEMBAGA HASIL DALAM NEGERI MALAYSIA ADDENDUM TO SPECIFICATION FOR MONTHLY TAX DEDUCTION (MTD) CALCULATIONS USING COMPUTERISED CALCULATION METHOD FOR PCB 2010 1. This Addendum provides clarification in relation to Mini Budget 2009 and Budget 2010 pursuant to amendment for computerized calculation method of Monthly Tax Deduction (MTD) 2010 in respect of: a) Increase / additional personal relief i. Mini Budget 2009 - Tax deduction on housing loan Interest –RM10,000 To stimulate the housing sector and to increase the disposable income of individual tax payer, tax deduction up to RM10,000 per year be given on housing loan interest for house purchased from developer or third party subject to the following conditions: a. the tax payer is a Malaysian citizen and a resident; b. limited to one residential house including flat, apartment or condominium; and c.sale and purchase agreement is executed between 10 March 2009 and 31 December 2010. The tax deduction is given for 3 consecutive years from the first year the housing loan interest is paid. The proposal is effective from year of assessment 2009 . ii. Budget 2010 - Tax deduction on broadband subscription fees –RM 500 Tax deduction on broadband subscription fees up to RM 500 per year. The proposal is effective from year of assessment 2010 until year of assessment 2012 . iii. Budget 2010 - Deduction for annuity scheme premium –RM1,000 Existing personal tax relief of RM6, 000 (Year 2009) on contribution to Employees Provident Fund (EPF) and life insurance premium be increased to