The mileage claim rate in Malaysia for 2023 has been set at 43 cents per km. This rate is applicable for all business-related travel within the country, including within the same city, from one city to another, and to remote locations. The rate is based on the prevailing petrol prices and is reviewed regularly by the relevant authorities.
Types of Business Travel
The 43 cents per km rate applies to any type of business travel within Malaysia. This includes car hire, car rental, public transport, and taxi services. It also applies to fuel costs, parking fees, tolls, and other expenditures related to business travel. The rate is not applicable to personal travel, leisure travel, or international travel.
Mileage Claims Process
To claim for the mileage rate, employees must submit a Mileage Claim Form to their employer. This form must include the details of the travel undertaken, including the start and end points, the dates and times of travel, and the total distance travelled. The form must also include any additional expenses incurred, such as parking fees or tolls. The employer will then review the form and determine the amount to be reimbursed.
Claimable Expenses
In addition to the mileage claim rate, certain other expenses can be claimed for. These include petrol costs, car rental fees, public transport fares, and parking fees. All these expenses must be supported by receipts and must be submitted together with the Mileage Claim Form.
Mileage Claims Limit
The maximum amount that can be claimed for mileage is limited to RM300 per person per month. This limit is applicable regardless of the total distance travelled. Any amount claimed in excess of this limit must be supported by additional documentation or proof of business-related travel.
Tax Implications
Any amount claimed for mileage is subject to taxation. The employee is responsible for declaring any income received from mileage claims on their tax return. The employer is also responsible for deducting any taxes due from the amount reimbursed to the employee.
Conclusion
The mileage claim rate in Malaysia for 2023 is 43 cents per km. This rate applies to all business-related travel within the country, including within the same city, from one city to another, and to remote locations. Employees can claim up to RM300 per month for mileage and any amount claimed in excess of this limit must be supported by additional documentation. The amount claimed for mileage is subject to taxation and the employee is responsible for declaring any income received from mileage claims on their tax return.
Conclusion
The mileage claim rate in Malaysia for 2023 is set at 43 cents per km and applies to all business-related travel within the country. Employees can claim up to RM300 per month for mileage and any amount claimed in excess of this limit must be supported by additional documentation. The amount claimed for mileage is subject to taxation and the employee is responsible for declaring any income received from mileage claims on their tax return.