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Q: I am an employee who represented my company in a sports competition and I became the champion. My company has awarded me a cash reward of RM10,000. Should I declare this income in my Form BE?
A: No, you are not required to declare this income in your Form BE as this income is not derived from exercising your employment.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru