Budget 2021 - Tax relief on medical treatment for serious illness
The government’s announcement on expanding the scope for tax relief limit for medical treatment for serious illnesses would be increased from RM6,000 to RM8,000 for the individual taxpayer, spouse and child has eased many rakyat's burden especially in the face of the current situation.
Tai Lai Kok, Head of Tax said in the interview with TV1 that this is a good recognition that the government see that the cost of medical expenses have gone up significantly particularly for the elderly. This will enable most tax payers to be able to continue supporting elderly parents and not be overly burdened.
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