CP Ardent Advisory Sdn Bhd

Knowing the list of tax reliefs can help in your tax planning

Malaysia 2022 Tax Filing : Here The List Of All The Tax Reliefs Individuals Can Claim For Year 2021 In Malaysia - The Coverage 1.0 Automatic individual relief: RM9,000 You’re eligible for an automatic tax deduction of RM9,000 just by filling in the LHDN e-Filing form. As the name suggests, this will be done automatically by the system. 2.0 Further education fees (self): ≤RM7,000 A tax relief of up to RM7,000 is claimabl...

Estate Planning defined as the process of making appropriate arrangements for the protection, preservation and provision of a person’s assets for the benefit of dependents and other beneficiaries. Which includes minimizing :-
• Estate administration costs
• Transfer fees
• Legal expenses
• Settlement of debts
• Provisions for the maintenance of dependents

Estate Planning Tools
 Will
 Living Trust
 Durable Power of Attorney
 Prenuptial Agreement
 Health Care Proxy
 Life Insurance
 Living Will

Income tax returns for year of assessment 2019 can be filed from March 1 The Income Tax Return Forms (ITRF) for Year of Assessment 2019 for Forms E, BE, B, P, BT, M, MT, TF and TP can be submitted starting from March 1, 2020 via e-Filing.

Higher tax relief for insurance and EPF in 2019 assessment - IRB The Inland Revenue Board Of Malaysia (IRB) has increased its assessment year 2019 resident individual tax relief for life insurance and Employees Provident Fund (EPF) contribution to RM7,000 from RM6,000 in 2018, the IRB said on its website. According to the IRB's assessment year 2019 tax relief sch...

Discount on motor insurance premium for careful drivers with a clean track record from January 2020 If you're a careful driver with a clean track record, you can look forward to a discount on your motor insurance premium starting from January next year,

7 misconceptions about saving for retirement Many Malaysians are insufficiently prepared for retirement. Read on to find out how you can fix this dangerous situation.

Budget 2020: It’s time for wealth and inheritance tax LETTER | It is a tool to achieve a fairer society by reducing the wealth gap between the rich and the poor.

Govt likely to revise life insurance pe*******on rate target KUALA LUMPUR (Sept 10): The government is likely to revise the national target of a 75% life insurance pe*******on rate in 2020, as it is still some distance away from the present rate of 55%, said Finance Minister Lim Guan Eng said. If the 75% target was not achieved by next year, the government wo...

Richard Li, Robert Kuok’s JAB Capital, EPF join forces to launch new takaful in Malaysia KUALA LUMPUR (July 29): Richard Li, the younger son of Hong Kong business magnate Li Ka-shing, has joined forces with Malaysia richest man Robert Kuok-controlled JAB Capital Bhd (formerly known as Jerneh Asia Bhd) and the Employees Provident Fund (EPF) to launch a new takaful in the country under th...

The timeline for retirement planning - Business News | The Star Online THE question, “when should one plan for one’s retirement?” is often asked.