Malaysia Tax & LHDN (IRB)

Inland Revenue Board (LHDN, Lembaga Hasil Dalam Negeri) has extended the deadline for personal tax return submission and balance of tax payment for employment income to 15 May 2013.

The extension of due date is only applicable to taxpayers who opt for E-Filing submission.

However, for taxpayers who choose to do it manually will have to submit their tax returns (Form BE) latest by 30 April 2013.  Read more ›

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With effect from YA 2008, employees are given tax exemption on allowances, benefits in kind and perquisites that received from their employer as follows:

(a) perquisites in relation to travel allowance, petrol card, petrol allowance or any of its combination for travelling between the home and work place up to RM2,400 per year.  Read more ›

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IRB Malaysia will be conducting e-Service workshop/training to all interested employers for FREE!. Yes, free of charge (FOC).

The simulation workshop will cover e-Daftar, e-PCB, e-Data PCB, e-SPC and e-Bayaran. It will be held at the IRB’s branches throughout Malaysia. However, exact dates of the workshop are not published by the IRB.  Read more ›

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On 16 November 2011, Inland Revenue Board Malaysia issued Public Ruling No 8/2011, “Foreign Nationals Working in Malaysia – Tax Treatment”, which explains the tax treatment of employment income derived by foreign nationals exercising employment in Malaysia.  Read more ›

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Inland Revenue Board of Malaysia (IRB) issues Transfer Pricing form, namely “FORM MNE (1/2011) INFORMATION ON CROSS BORDER TRANSACTIONS”, to selected taxpayers to collate more information on cross border transactions undertaken by the taxpayers.  Read more ›

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30 June 2011 marks the last day of first half year of 2011. Time flies, we are mid way through year 2011.

For businessmen carried out their businesses under sole proprietorship and partnership, they all will have the same annual tax filing deadline by 30 June 2011. All individuals, whether deriving employment income only or business income, are assessed for tax based on calendar year basis, i.e. 1 Jan to 31 Dec.  Read more ›

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30 June 2011 tax filing deadline for Tax Return Form B 2010 and Form P in respect of year of assessment 2010 is approaching with less than a month to go.

Form B is tax return for Malaysian tax resident individuals who are carrying business and deriving business, employment and other income in Malaysia.  Read more ›

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In a press release, Inland Revenue Board Malaysia will continue its Taxpayer Service Month Program until 30 June 2011.

The program is focus on taxpayers who are deriving business income submitting their Form B for year of assessment 2010 and settlement of any tax before or by 30 June 2011, in order to avoid late tax submission penalty and late tax payment levy.  Read more ›

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Customer Service Centre of Inland Revenue Board of Malaysia summarised below the Top 5 most favourite asked questions from  Malaysian taxpayers:-

1. How do I register an Individual income tax reference number?

There are 2 methods of registering an income tax reference number:

i)  You can register manually at the nearest IRBM branch by bringing along a copy of your identification document, remuneration statement and business registration for business cases.  Read more ›

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Following the implementation of Self Assessment Taxation System in Malaysia years ago, the Inland Revenue Board switches its focus and attention in doing tax audits to ensure taxpayers comply with the legal provisions and the current tax regulations.

Tax audits are conducted through field audits and desk audits.  Read more ›

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