I have paid for a one-year newspaper subscription fee. The subscription period is from April 2021 to March 2022. Do I need to apportion the amount according to the year when claiming lifestyle relief?

  • August 19, 2024
  • Reading Time: < 1 minute
I have paid for a one-year newspaper subscription fee. The subscription period is from April 2021 to March 2022. Do I need to apportion the amount according to the year when claiming lifestyle relief?

You can claim the full amount based on invoice date without needing to apportion the amount.

If we take our employees on a local trip and our company’s financial year end is on 31 December 2022, do we need to make the payment and depart for the trip before end of December in order to qualify for tax deductions in Year of Assessment (YA) 2022?

No products in the cart.

Scan the code