How to Donate Money Online Conveniently to Charity in Malaysia

(Last Updated On: 18/07/2019)

Have you ever wondered how to donate money? Yes, for real, I am not talking about donating some spare change of a few cents or ringgit to the beggar in the street and a lady who approached you in the kopitiam saying her son has cancer and needs surgery. I am talking about donating to real, charitable organizations like how the big boys do it. And with that being said, I mean charitable donations which would enable you to get tax deduction. After all, tax planning is one component of financial planning.

how to donateAnd when is the better time to donate to charity than now? Do some good deeds this coming festive season by making donations to some charities , before the year ends.  Everyone hates paying tax to IRB right? It never seems to be too little every year. How about getting that money to the less fortunate people  who needs it, rather than IRB?

Under subsection 44 of Income Tax Act 1967, gifts of money to Approved Institutions or Organizations is allowable deduction from aggregate income. Bear in mind that the donation amount eligible for deduction is limited to 7 percent of one’s aggregate income. That means if your aggregate income is $ 50,000, you can donate up to $ 3,500 for full tax deductible.

BE form aggregate income

Aggregate income and donations come under section C of your BE form.

I am not one of the big boys, of course, and I don’t act like one. But I intend to start small, and if you intend to do charity too, I hope this video provides a clear instructions on how to do it.

If you ask me, I would also like to make my donations hassle-free. That means, I don’t need to write any cheque or buy any bank draft/money order and send to the charitable organizations via snail mail. I want to be able to get my donations through online without getting my arse off the chair, as convenient as doing online banking or shopping. Not every charitable organizations accept donations in such method, but for those do, they appeal more to people like me.

Here’s how to do it, step-by-step.

Are you with me? 🙂

This Post Has 5 Comments

  1. Good day Mr.Lieu.
    My name is Zuraidah and I was former head teacher for a refugee school.However, I have resigned last year in November but I still contact the refugee school and it seems that they are having money problems because the they are no longer under the support of United Nations. We have two schools one in Kulai and the other in Kota Tinggi.
    Is there any chance that your organisation can help these two schools and even the less fortunate refugee students? if so can you please contact me and I will give the name of the NGO.
    Thank you very much.

  2. Hi Chia Soon, I do not have it now, but we can start by shortlisting the type of charity we can relate to, then take it from there…checking if any of these under our checklist is tax deductible.

  3. How to get the list of charity organization in Malaysia that is tax deductible ?

  4. Hats off, I salute you Steve. The rewarding thing about sharing + documenting what I’ve done here in my site is that I also attract like-minded people like yourself you can teach me a whole lot more life lessons, other than the personal finance stuff.

  5. Every year, without fail, I will donate to Charity at least once.

    I have a Coin Jar in my home and everytime I find some money on the streets, I pick it up, give thanks to the Universe, put it in my pocket and when I reach home deposit it to that jar. After sometime, when it has filled up, all of it goes to Charity plus I add some of my own money as well.

    The Universe is abundance. Learn how to attract it, use it Wisely and more will come.

    Cheers all and have a nice Christmas and New Year holiday.

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