Form B · ListBelanja
Business expenses: deduct what's allowed — and no more
Every ringgit of allowable expense lowers your chargeable income. But personal spending, fines and taxes are not deductible, and client entertainment only counts by half. ListBelanja uses the right categories so you neither miss nor over-claim.
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Updated
Expense categories & Form B boxes
| Category | Box | Deductible |
|---|---|---|
| Stock / raw material purchases | N5 | 100% |
| Business loan interest | N15 | 100% |
| Wages, EPF & SOCSO for staff | N16 | 100% |
| Premises rent / lease | N17 | 100% |
| Contract & subcontract | N18 | 100% |
| Commission & platform fees | N19 | 100% |
| Bad debts | N20 | 100% |
| Travel, petrol, tolls, parking | N21 | 100% |
| Repairs & maintenance | N22 | 100% |
| Promotion & advertising | N23 | 100% |
| Other (utilities, internet, stationery, monthly software) | N24 | 100% |
| Client entertainment (only 50% allowed) | N24 | 50% |
| Not deductible (personal, fines, tax) | N24 | 0% |
Long-lasting assets? That's capital allowance
Computers, phones, vehicles and office furniture aren't ordinary expenses — they're claimed as capital allowances over several years. Low-value assets (up to RM2,000 each) can be claimed in full in the year of purchase, up to RM20,000 a year.
Frequently asked questions
Can I deduct my phone and internet bills?
The business-use portion is deductible (Other category). The personal portion isn't. Keep the bills as proof — scan them into ListBelanja.
How long must I keep expense receipts?
7 years from the end of the year the return is filed. ListBelanja keeps the receipt images as proof.