29 Oct - 1 min read
Finance Minister Tengku Zafrul Aziz has announced that under Budget 2022, the government will extend the special individual income tax relief for domestic travel of up to RM 1,000 until the end of 2022.
The domestic travel income tax relief, which was first introduced under the Economic Stimulus Package 2020, allowed individuals to claim up to RM 1,000 in tax relief for travel expenses from 1 March 2020 to 31 August 2020. Eligible expenses include travel (flight or train only), hotel accommodation (only those registered with the Ministry of Tourism, Arts, and Culture Malaysia), as well as entrance fees to tourist attractions, as the government aimed to reinvigorate the domestic tourism industry which was hit hardest by the various lockdowns and absence of foreign tourists.
This special tax relief was extended to 31 December 2021, and at the tabling of Budget 2022 earlier today, this relief will be further extended to cover the 2022 year of assessment. Those planning to take advantage of this tax relief for next year can check out the list of registered hotels under the Ministry of Tourism, Arts, and Culture.
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