You Can Now Claim RM1,000 Tax Relief For Sports Training
Get fit while saving money.
By Sadho Ram — 19 Apr 2024, 05:01 PM
Youth and Sports Minister Hannah Yeoh today, 18 April, announced an up to RM1,000 tax exemption initiative that includes sports training fees
The tax relief, which already covers the purchase of sports equipment and activities, will be extended to cover expenses related to sports training for oneself, spouse, or child, Yeoh said in a statement.
"This initiative, effective from the beginning of this year, empowers individuals to invest in sports training while keeping all relevant receipts for tax filing with the Inland Revenue Board," Hannah said.
The tax relief per person for expenses related to sports includes:
- Training fee tax exemption for 103 types of sports under the Sports Development Act 1997
- Gym memberships and fees for sports training (one-off sessions or structured programmes)
- Rental fees for sports facilities
- Registration fees for sports competitions
- Purchase of sports equipment (excluding motorcycles) listed under the act
According to Hannah, the training fees must be paid to providers such as sports associations, clubs, or companies registered with the Sports Commissioner or incorporated under the Companies Act
"The public need to check whether the coaches or the training they undertake are registered properly. They cannot claim tax relief if they train or are coached by unregistered coaches or entities," she said.
