TAX QUESTIONS? YOU ASK LAH!

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Q: If the electric vehicle (EV) does not belong to me but I have incurred expenses on the purchase and installation of charging facility, am I eligible to claim tax relief? 

A: As long as the invoice for the purchase and installation of the charging facility is under your name, you will be eligible to claim tax relief of up to RM2,500 with effect from Year of Assessment (YA) 2022 until YA 2027.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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