On 17 August 2022, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) issued a revised Guideline on deductible expenses related to secretarial as well as tax filing fees from Year of Assessment (YA) 2022 onwards.
Based on Deductible Expenses in relation to Secretarial Fees and Tax Filing Fees (Amendment 2021 P.U.(A) 471/2021), effective from YA 2022 onwards, expenses for secretarial-related services for compliance with the Companies Act 2016 are eligible for deduction in the basis period for an assessment year i.e. after the service is received even though the expenditure has not been paid for.
Whereas, based on the above Amendment 2021 P.U.(A) 471/2021, tax filing-related expenses are eligible for deduction if the expenditure is only done in the basis period for a YA even if it has not been paid.
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