FlexHRMS Statutory Upgrade 2022

Greetings from Visual Solutions (M) Sdn Bhd. We would like to inform you that there are changes for the following statutory items effective from 1^st January 2022 as below:
 
Changes from LHDN as proposed in Budget 2022.

1. Increase of tax relief for up-skilling and self-enhancement course fee
-  The individual deduction limit for course fees taken for skills upgrading and personal development is to be increased from RM1,000 to RM2,000.

2. Expansion of tax relief on medical expenses
-   The scope of the relief of full medical examination expenses includes:COVID-19 detection test fee:
     a.  Tests performed at a clinic or hospital
     b.  Purchase of self -test kits
-   Mental health examinations or consultations

3. Increase and expansion of tax relief on socso contributions
-   The SOCSO contributions limit has increased from RM250 to RM350. The scope of tax relief for SOCSO contributions be expanded to cover employee contributions through the Employment Insurance Scheme (EIS).

4. Extension of tax relief for child care fees paid to a registered child care centres / kindergartens for a child aged 6 years and below.
-   This tax relief be extended until the year of assessment 2023

5. Extension of tax relief for domestic tourism expenditure
-   The scope of the relief domestic tourism expenses includes the purchase of local tourism packages through licensed travel agents registered with the tourism commissioner and this tax relief be extended until the year of assessment 2022.

6. Extension of tax relief for additional lifestyle – purchase of mobile phones, computers and tablets.
-   This tax relief be extended until the year of assessment 2022

7. New tax relief for electric vehicle (ev) charging facility payment expenses
-   Tax relief of up to RM2,500 is given to individuals for expenses related to: 
     a.  The cost of installing an electric vehicle charger
     b.  Purchases include purchase on hire purchase of vehicle chargers;
     c.  Vehicle charger rental; or Electric vehicle charging facility subscription fee.

8. Expansion of tax relief on employee provident fund (epf) contributions
-   The scope of tax relief for epf contributions be expand to voluntary contributors including pensionable civil servants.

9. Extension of tax relief for deferred annuity
-   The tax relief for deferred annuity premium payments be align to prs contributions and extended until the year of assessment 2025.

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