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Tax incentives for the employment of senior citizens, ex-convicts, parolees, supervised persons and ex-drug dependents
To further encourage the employment of senior citizens (i.e. those above 60 years of age), ex-convicts, parolees, supervised persons and ex-drug dependents, in Budget 2021 the Government proposed that the further deductions given on the remuneration of such individuals employed in a full-time capacity be extended to the year of assessment (YA) 2025 (see Take 5: Malaysia Budget 2021). The monthly remuneration for employees in these categories cannot exceed RM4,000.
This proposal has now been legislated pursuant to the Income Tax (Deduction for Employment of Senior Citizen, Ex-Convict, Parolee, Supervised Person and Ex-Drug Dependant) (Amendment) Rules 2021 [P.U.(A) 47] gazetted on 9 February 2021.