Government Economic Stimulus Package 2020
Special Tax deduction on costs for renovation and refurbishment of business premises
You are entitled to claim an allowable deduction in your tax computation up to RM300,000 for renovation and refurbishment carried out for your business premises from 1 March 2020 to 31 December 2021. The eligible cost of renovation and refurbishment includes:
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a) General electrical installation b) Lighting c) Gas system d) Water system e) Kitchen fittings f) Sanitary fittings g) Door, gate, window, grill and roller shutter h) Fixed partitions i) Flooring (including carpets) j) Wall covering (including paint work) |
k) False ceiling and cornices l) Ornamental features or decorations excluding fine art m) Canopy or awning n) Fitting room or changing room o) Recreational room for employee p) Air-conditioning system q) Children play area r) Reception area s) Prayer Room |
We can assist you with the claim on these expenditures in accordance with the requirements of the LHDN.
For information, please WhatsApp’s KL +60193115050, Seremban +60126230410
