Is intern allowance taxable in Malaysia?
Is intern allowance taxable in Malaysia? If I hire 2 interns for my company, are their allowances subject to taxation? If I hire more than 2 interns, is the taxation applied to only one intern or to all?
According to Para 4 of the Income Tax Rules, internship allowances paid to students can qualify for double deduction. This is as long as the monthly allowance during the internship is at least RM500.
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Yes, intern allowances are taxable in Malaysia. They are considered part of the intern's income and subject to taxation under Malaysian law.
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