ResitBiz

The Problem

Malaysian taxpayers lose an estimated RM2.3B annually in unclaimed tax relief because they can't track receipts for medical expenses, education fees, lifestyle purchases, SSPN contributions, sports equipment, and more. 85% of taxpayers who claim relief do so with incomplete documentation. A Reddit r/MalaysianPF user even built their own receipt app out of frustration. LHDN audits are rising, yet most Malaysians store receipts in shoe boxes or random WhatsApp photos.

The Solution

AI receipt scanner that auto-categorizes expenses into LHDN tax relief categories (medical, education, lifestyle, sports, SSPN, PRS, insurance, EV charging). Snap a photo → AI extracts merchant, amount, date, and category → stores in tax-ready format. Generates PCB-friendly relief summary for HR. Free with basic features; Pro (RM4.90/mo) adds auto-sync from bank SMS and year-end LHDN-ready report export.

Target Market

2.1M Malaysian individual taxpayers who claim at least 2 tax relief categories annually

Revenue Model

Freemium: Free (50 receipts/mo, 3 categories), Pro RM4.90/mo (unlimited + auto SMS sync), Family RM9.90/mo (5 family members + joint filing support)

4-Week Validation Plan

• Week1: Survey 50 Malaysian taxpayers about their current receipt tracking method and LHDN audit experience.
• Week2: Build simple receipt scanner MVP using Google Vision API + LHDN relief category mapping.
• Week3: Onboard 100 users during tax filing season. Measure receipts scanned and categories correctly auto-tagged.
• Week4: Analyze: >80% auto-categorization accuracy AND >15% Pro conversion = commit; <70% accuracy = improve OCR first.