Up to RM300 income tax deductible sport items | The 8th Voyager

Up to RM300 income tax deductible sport items | The 8th Voyager: "Up to RM300 income tax deductible sport items


Being proposed for National Budget 2008 (which unveiled on 7 September 2007) and included in the BE Form 2008 as tax deductible item D8C, an amount limited to a maximum of RM300 is income tax deductible in respect of expenses expended by the individual tax payer for the purchase of sports equipment for any sports activity as defined under the Sports Development Act 1997 (Akta Pembangunan Sukan 1997).

The sports equipment includes equipment with short lifespan such as golf balls and shuttlecocks, but excluding sports attire e.g. swimsuits and sports shoes.

So what are the activities considered and defined as sports in the Sports Development Act 1997? Here is the list:


Archery
Athletics
Aquatics
Automobile Sports
Badminton
Basketball
Billiards and Snooker
Body Building
Bowling
Boxing
Cricket
Cycling
Equestrian Sports
Fencing
Foolball
Golf
Gymnastics
Handball
Hockey
Judo
Karate Do
Lawn Bowls
Netball
Rugby
Sepak Takraw
Shooting
Silat Olahraga
Soft Tennis
Softball
Squash
Table Tennis
Tae kwan do
Tennis
Volleyball
Waterski
Weightlifting
Wrestling
Wushu
Yachting"