Q:
Is there a limit to the medical benefit that a Sdn Bhd can give to their staff and family?
A:
No, there is no limitation on the medical benefit given to staff as long as it is according to the company’s policy or included in the staff handbook.
Q:
If a staff uses the medical benefit given by company to buy health supplements and equipment like hearing aids, will the medical benefit be tax deductible?
A:
Yes, the medical benefit is tax deductible. However, if the staff uses the medical benefit to purchase health supplements and equipment, it will be a perquisite to the staff and is taxable.
Zen Chow
YYC Tax Guru
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