Cost of Detection Test of COVID-19 for Employees: Double Deduction
1. Under these Rules: ๐ Employer costs incurred between January 1, 2021, and December 31, 2021, will now be eligible for a further deduction. ๐ This means that a double deduction will be allowed for expenses incurred by an employer in a Covid-19 Detection Test carried out on its employee. The IRBM’s Response The Inland […]
Income Tax (Deduction for Training Costs Under National Dual Training System) Rules 2021
1. NDTS is the acronym for the National Dual Training System. โDualโ means training in two learning situations, namely: ๐ The actual workplace (company) that covers 70% to 80% practical training (performance) and; ๐ Training Centre which covers 20% to 30% of theory (knowledge). 2. IN exercise of the powers conferred by paragraph 154(1)(b) read […]
Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules2021
In determining the adjusted income of that qualifying person from his business in that year of assessment, a deduction shall be allowed for expenses incurred by that qualifying person in the basis period for the implementation of flexible work arrangements in relation to consultation fee, cost of capacity development, cost of software, and software subscription. […]