Monday, April 20, 2009

Up to RM300 income tax deductible sport items

Being proposed for National Budget 2008 (which unveiled on 7 September 2007) and included in the BE Form 2008 as tax deductible item D8C, an amount limited to a maximum of RM300 is income tax deductible in respect of expenses expended by the individual tax payer for the purchase of sports equipment for any sports activity as defined under the Sports Development Act 1997 (Akta Pembangunan Sukan 1997).

The sports equipment includes equipment with short lifespan such as golf balls and shuttlecocks, but excluding sports attire e.g. swimsuits and sports shoes.

So what are the activities considered and defined as sports in the Sports Development Act 1997? Here is the list:

  • Archery
  • Athletics
  • Aquatics
  • Automobile Sports
  • Badminton
  • Basketball
  • Billiards and Snooker
  • Body Building
  • Bowling
  • Boxing
  • Cricket
  • Cycling
  • Equestrian Sports
  • Fencing
  • Foolball
  • Golf
  • Gymnastics
  • Handball
  • Hockey
  • Judo
  • Karate Do
  • Lawn Bowls
  • Netball
  • Rugby
  • Sepak Takraw
  • Shooting
  • Silat Olahraga
  • Soft Tennis
  • Softball
  • Squash
  • Table Tennis
  • Tae kwan do
  • Tennis
  • Volleyball
  • Waterski
  • Weightlifting
  • Wrestling
  • Wushu
  • Yachting

Reference: Sports Development Act 1997

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Trish Stratus said... Reply To This Comment

Very informative blog. Glad I found it.

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