Is Relocation amount Taxable?

sumit.sharma86

Member

Member since 07 July 2017

sumit.sharma86

07 July 2017 09:31:20

sumit.sharma86

07 July 2017 09:31:20

Hi,

I have recently moved to KL and my company is suppose to give me 5000 Euros as a Relocation amount,

I wanted to know if this amount is taxable or not because my HR is saying it is taxable.

Regards,

Sumit

Gravitas

ViP

Member since 02 March 2011

Kuala Lumpur

Gravitas

07 July 2017 14:04:18

9040

Gravitas

07 July 2017 14:04:18

9040

Kuala Lumpur

Yes, taxable.

sumit.sharma86

Member

Member since 07 July 2017

sumit.sharma86

10 July 2017 13:42:46

sumit.sharma86

10 July 2017 13:42:46

Thank you Gravitas but this is not my income. Still wonder why it will be taxable.

Regards,

Sumit

Gravitas

ViP

Member since 02 March 2011

Kuala Lumpur

Gravitas

10 July 2017 15:23:13

9040

Gravitas

10 July 2017 15:23:13

9040

Kuala Lumpur

Income is not only annual salary - it's any remuneration the company provides. http://lampiran2.hasil.gov.my/pdf/pdfam … b34abe0535

Gravitas

ViP

Member since 02 March 2011

Kuala Lumpur

Gravitas

11 July 2017 10:01:06

9040

Gravitas

11 July 2017 10:01:06

9040

Kuala Lumpur

I found a definition of what is taxable

Business or profession
Employment
Dividends
Interests (except bank deposit interests)
Discounts
Rent collected
Royalties
Premiums
Pensions
Annuities
Perquisites, which includes bill claims, company credit cards, loans from company, sponsored club memberships, sponsored child tuition fee, personal driver and any benefits offered by your employer that could be converted into cash."

https://www.imoney.my/articles/income-t … ble-income