Hanoi:The government is planning to extend tax relief benefits to include pet care expenses such as vaccinations and sterilisation by registered veterinary services. This proposal is part of the tax measures outlined in the Budget 2027 document released by the Ministry of Finance (MoF).

According to BERNAMA News Agency, Additionally, the expanded tax relief will cover the costs associated with adopting a rescued pet from a registered animal shelter. This initiative aims to encourage compassion and support for animals in need.

The personal income tax relief cap for lifestyle expenses will remain at RM2,500, incorporating these proposed extensions. Furthermore, to enhance digital literacy and the application of artificial intelligence (AI) technology, the tax relief scope will also be broadened to include AI software and application subscriptions for personal use, as well as for spouses or children.

Currently, the personal income tax relief for lifestyle, effective from the 2024 assessment year, is capped at RM2,500. It includes expenses for reading materials, both in print and electronic form, personal computers, smartphones, tablets, and internet subscriptions.