LLT Computer & Software Solutions

Extension of Individual Income Tax Relief on Net Savings in the National Education Savings Scheme (SSPN)

Current Position:
Individual taxpayers are eligible for income tax relief of up to RM 8,000 per year on net savings in the SSPN (Skim Simpanan Pendidikan Nasional).

This tax relief applies from the year of assessment 2007 until 2024.

This relief encourages parents to save for their children's tertiary education through the SSPN.

Budget 2025 Proposal:
It is proposed that the RM 8,000 tax relief on SSPN savings be extended for another 3 years, from 2025 to 2027.

New conditions will apply:
The tax relief can only be claimed by either parent (not both).
Withdrawals from SSPN to finance education costs will not reduce the net savings amount for that year when calculating tax relief eligibility.

Example:

Scenario:
Ali and his wife, Aishah, have a 10-year-old son, and they both contribute to the SSPN savings account for his future university education.

In 2025, Ali deposits RM 6,000 into his son’s SSPN account, and Aishah deposits RM 4,000, totaling RM 10,000 in savings for the year.

They plan to claim tax relief for the net savings in SSPN.

Tax Relief Before the Proposal:
Both Ali and Aishah could claim the RM 8,000 tax relief individually on their contributions, sharing the benefit.

Tax Relief After the Proposal (Effective 2025):
Under the new rule, only either Ali or Aishah can claim the tax relief, not both.

Ali and Aishah decide that Ali will claim the relief for 2025, and he will be eligible to claim up to RM 8,000 based on the total savings of RM 10,000.

How It Works:
Total SSPN savings in 2025: RM 10,000.

Maximum tax relief: RM 8,000 (only Ali claims it for the household).
Ali’s taxable income will be reduced by RM 8,000, lowering his tax liability for 2025.

Scenario with Withdrawals:
Ali and Aishah will need to use RM 3,000 from their son’s SSPN savings in 2026 to pay for his school tuition fees.

Under the new rule, the RM 3,000 withdrawal does not affect their tax relief for 2026.

Ali deposits RM 5,000 into the SSPN in 2026, and he can still claim up to RM 5,000 in tax relief for that year since the withdrawal does not reduce his net savings to calculate tax relief.

Impact:
This extension and the new rules ensure continued support for parents saving for their children's education while preventing any negative impact from withdrawals used for educational expenses.

The government simplifies the process by limiting the relief claim to one parent and allowing withdrawals to be excluded from the calculation.

This encourages parents to save more consistently in the SSPN scheme.

延长国民教育储蓄计划（SSPN）净储蓄的个人所得税减免

当前：
个人纳税人每年可减免最高8000令吉的SSPN（国家教育储蓄计划）净储蓄所得税。

这项税收减免政策从2007年评估年度开始实施，直到2024年。

这项政策鼓励父母通过SSPN为孩子的高等教育储蓄。

2025年预算提案：
建议将SSPN储蓄的8000令吉税收减免延长3年，从2025年到2027年。

新的条件将适用：
税收减免只能由父母一方（而不是双方）申请。

在计算税收减免资格时，从SSPN提取资金用于教育费用不会减少当年的净储蓄金额。

示例：

情景：
阿里和他的妻子艾莎有一个10岁的儿子，他们都在 SSPN 储蓄账户中为儿子的未来大学教育存钱。

在2025年，阿里向儿子的 SSPN 账户存入6000令吉，艾莎存入4000令吉，全年储蓄总额为10000令吉。

他们计划申请SSPN净储蓄的税收减免。

税收减免提案前：
阿里和艾莎可以分别申请8000令吉的税收减免，并分享收益。

税收减免提案后（2025年生效）：

根据新规定，只有阿里或艾莎可以申请税收减免，而不是两人都申请。

阿里和艾莎决定由阿里申请2025年的税收减免，根据10,000令吉的总储蓄，他将有资格申请最高8,000令吉的减免。

如何运作：
2025年SSPN的总储蓄：10,000令吉。

最高税收减免：8,000令吉（仅阿里为家庭申请）。

阿里的应税收入将减少8000令吉，从而降低其2025年的纳税义务。
提取资金的情况：

2026年，阿里和艾莎需要从儿子的SSPN储蓄中提取3000令吉，用于支付儿子的学费。

在这种情况下，根据新规定，3000令吉的提款不会影响他们在2026年的税收减免。

阿里在2026年将5000令吉存入SSPN，他仍然可以申请该年度最高5000令吉的税收减免，因为提款不会减少他的净储蓄，从而影响税收减免的计算。

影响：
这项延期和新规则确保了对父母为孩子教育储蓄的持续支持，同时防止了因教育支出而导致的任何负面影响。

通过将减免申请限制为父母一方，并允许从计算中排除取款，政府简化了流程，并鼓励父母在SSPN计划中更持续地储蓄。

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• #教育储蓄
• #马来西亚2025预算
• #税收减免延期
• #子女教育基金
• #父母税收减免
• #高等教育储蓄
• #家庭税收支持
• #马来西亚税收减免
• #教育资金
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• #财务规划
• #为教育储蓄
• #所得税减免
• #国家教育储蓄

The government will ease the burden on taxpayers with disabilities (OKU) through the following proposals:

1) The additional tax relief for OKU will be increased to 7,000 ringgit;

2) The additional tax relief for spouses with OKU will be increased to 6,000 ringgit; and

3) The tax relief for taxpayers with unmarried children with OKU will be increased to 8,000 ringgit.

政府将通过以下建议减轻残障人士（OKU）纳税人的负担：

1) 残障人士的额外税务减免将提高至7,000令吉；

2) 残障配偶的额外税务减免将提高至6,000令吉；以及

3) 对有未婚残障子女的纳税人，税务减免将提高至8,000令吉。

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• #残障人士税务减免
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• #包容性税收政策
• #马来西亚2025预算
• #残障人士支持
• #家庭税收减免
• #税收减免增加
• #残障配偶减免
• #子女税收减免
• #税务改革
• #平等机会
• #残障支持
• #包容性经济

Personal income tax relief for education and medical insurance premiums increased to RM4,000.

教育和医疗保险保费的个人所得税减免额提高至4000令吉。

The government proposes to give logistics companies that carry out smart logistics complex activities a 60% investment tax allowance for 5 years.

This aims to increase the logistics industry's capacity by adapting Industry 4.0 technologies.

The tax incentive is likely to encourage logistics companies to invest in advanced technologies, potentially improving efficiency and competitiveness in the sector.

政府建议为从事智能物流综合活动的物流公司提供为期5年的60%投资税收减免。

此举旨在通过采用工业4.0技术提高物流行业的能力。

税收优惠可能会鼓励物流公司投资先进技术，从而提高物流行业的效率和竞争力。

2% tax on dividend income exceeding RM100,000 received by individual shareholders.

Impact: This will increase the tax burden on high-income individuals receiving large dividends.

个人股息抽税2%

影响：将增加获得大额股息高收入个人的税负。

三文鱼和鳄梨 要起价了! #谁的最爱？

Salmon and avocado are about to go up in price!

MyInvois Portal: New Look, Enhanced Features

The MyInvois Portal has been refreshed, offering users a more intuitive and efficient experience. While retaining its core functionality, the portal now boasts a sleek new outlook and several exciting features:

1. Visual Templates:
Using new visual templates, create professional-looking e-invoices with ease. You may now customise your invoices to reflect your brand while ensuring compliance with LHDNM requirements.

2. Enhanced Notifications:
Stay on top of your e-Invoicing tasks with LHDN improved notification system. You may now receive timely alerts for validations, rejections, and important deadlines.

Important Note:
Please be aware that the submission date range on the "Document" tab should not exceed the maximum allowed search window of 10 days.

The limitation on the submission date range search is as follows:

1. Maximum Range: When searching for e-Invoices based on submission dates, you cannot search for a period longer than 10 days at a time.

2. Practical Application:
- You can search for e-Invoices submitted within any 10-day period.
- For example, you can search from 1 January to 10 January , or from 15 March to 24 March.

3. Searching Longer Periods: If you need to search for e-Invoices over a period longer than 10 days, you'll need to perform multiple searches, each covering a maximum of 10 days.

4. Flexibility: You can choose any 10-day period; it doesn't have to align with calendar weeks or months.

MyInvois 门户网站：焕然一新，功能增强

MyInvois 门户网站焕然一新，为用户提供更直观、更高效的体验。在保留核心功能的同时，该门户网站还拥有时尚的新外观和多项令人兴奋的功能：

1. 视觉模板：
使用新的视觉模板，轻松创建外观专业的电子发票。您现在或许可以自定义发票，以反映您的品牌，同时确保符合 LHDNM 要求。

2. 增强的通知功能：
LHDN 改进的通知系统让您随时掌握电子发票任务。您现在可以及时收到验证、拒绝和重要截止日期的提醒。

重要提示：
请注意，“文件”选项卡上的提交日期范围不应超过允许的最大搜索窗口（10天）。

提交日期范围搜索的限制如下：

1. 最大范围：当根据提交日期搜索电子发票时，每次搜索的时间段不能超过10天。

2. 实际应用：
- 您可以搜索任何10天内提交的电子发票。
- 例如，您可以搜索1月1日至1月10日，或3月15日至3月24日。

3. 搜索更长时间段：如果您需要搜索超过10天的电子发票，则需要执行多次搜索，每次搜索最多10天。

4. 灵活性：您可以选择任何10天的时间段，不必与日历周或月份保持一致。



#电子发票 #数字化转型 #功能增强 #用户体验 #视觉模板 #发票定制 #通知增强 #高效搜索 #商业工具 #马来西亚税务 #2025财政预算案

*** ATTENTION ***
IRB Server offline for maintenance on 10/08/2024 from 12am to 3am.

AutoCount e-Invoice Free Training 1.0 (Mandarin) | 电子发票会计软件免费培训 | 20240729 by Js Ong

AutoCount e-Invoice Free Training 1.0 (Mandarin) | 电子发票会计软件免费培训 | 20240729 Learn with us to enhance e-Invoice efficiency with accounting software as Mr. JS fully explains how to easily generate and submit e-Invoices in AutoCount Acc...

Today is the 1st day LHDN implement e-Invoice. As we know the LHDN server is down for a short while. But, the server is up after few hours.

And also, congratulations to our phase 1 customer who using AutoCount accounting software successfully submit their 1st e-Invoice to LHDN server.

Thank you for all AutoCount all staff & team put effort on enhance the AutoCount accounting software system in these few month.

And for all AutoCount accounting software user. Congratulation to you all because you all had select a great accounting software to solve all your problem in accounting work since GST, SST & e-Invoice now. Cheers!!!

Due to the up coming e-Invoice Start on 01/08/2024. Preparation work is in process for every company. We attached with the AutoCount quick assigning Item Classification Code to every item.

Step 1:
Login AutoCount Accounting v2.1 Management Studio.

Step 2:
Go to Tools->SQL Query

Step 3: Refer to Third Picture
Key in the command to assign the Classification Code

Command to Set Classification Code to All Item:-
Update Item Set Classification = '001'

Command to Set Classification Code to Item that belongs to certain Item Group only:-
Update Item Set Classification = '002' Where ItemGroup = 'FG'

Command to Set Classification Code to Item that belongs to certain Item Type only:-
Update Item Set Classification = '003' Where ItemType = 'RAW'

Click Execute.

Done.

By the way, if you would like to clear all Classification Code that already set to the item, you may use the command below:-
Update Item Set Classification = ''

To know what code to assign to the item, please refer the below post by CCS - Chartered Accountants:-
https://www.facebook.com/share/p/me5dnpWArYxbQHxA/


-Invoice

Due to the up coming e-Invoice Start on 01/08/2024. Preparation work is in process for every company. We attached with the AutoCount Tax Entity Maintenance Import By Excel Format for your convenience.

Download link:-
https://drive.google.com/drive/folders/1vyo6ip2DrwuTCZug277W9btC9IbdD54L?usp=sharing


-Invoice

制定路线，引导变革： 电子发票的实施策略部署
第二场 26/04/2024


e-Invoice

Play Back 20230811 Coming Soon IRB E-Invoice Sharing