Dear Reader,
Friendly reminders. If you are an individual or an organization and have planned to pay zakat for this year, please do so in this December month which is the last month in the calendar year of 2012. This would enable you to enjoy the income tax rebate for zakat for Year of Assesment 2012.
Year of Assessment 2007 onwards, tax rebate granted to cooperatives and trust bodies for payment of zakat perniagaan to Islamic religious authorities be allowed subject to a maximum of 2.5% of the aggregate inocme. [Source: 2012 Budget Commentary and Tax Information]
