A colleague mentions, almost in passing, that tax season is coming up and he still has not “used up” his RM3,000 PRS relief. Someone else in the WhatsApp group chimes in: “Confirm put lah, free money what, tax relief some more.” By the end of the conversation, three people have transferred RM3,000 each into a
It is October, and your HR department has just sent the annual reminder: “Contribute to PRS before year-end to enjoy tax relief.” A colleague forwards you a screenshot from a Facebook finance group with the caption “close eyes and contribute, confirm untung.” You open your banking app, transfer RM3,000 into a Private Retirement Scheme fund
April 30 is two weeks away. Across Malaysia, thousands of people are logging into MyTax for the first time, and many of them are typing one version of the same question into an AI chatbot: “What tax reliefs can I claim to get the most money back?” The AI answers confidently. But there is a