Personal Tax
Housing loan interest tax deduction of RM10,000 per year for 3 years of assessment
Claim your housing loan interest as personal tax deduction/relief up to RM10,000 per year for 3 years of assessment (RM10,000 x 3 YAs = RM30,000 in total), if you buy a house before 31...
Malaysia Personal Income Tax Rates & Table 2012
Every individual is subject to tax on income earned in Malaysia or received in Malaysia from outside Malaysia. Income earned in oversea remitted to Malaysia by a resident individual is exempted from tax.
The following...
Employee Benefits and Income earned by Staff exempted from Income Tax
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...
If you claim tax reliefs, make sure you keep all the receipts (for 7...
Every tax payers are allowed to claim tax reliefs to set-off against their employment or business income when calculating their personal tax.
However, based on our experience, most of the tax payers have easily believed...
Due Day Extended for Personal Tax Submission: 15 May 2013 (E-Filing Only)
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...
Claim your expenses to reduce employment income and personal tax
If you are receiving travelling or entertainment allowances from your company, you don't need to report it to income tax department (LHDN)!
You can claim your expenses to set-off against the employment income received from...
Malaysia Personal Income Tax Rates & Table 2011
Click here for Malaysia Personal Income Tax Rates & Table 2012
Every individual is subject to tax on income earned in Malaysia or received in Malaysia from outside Malaysia. Income earned in oversea remitted to...
Budget 2014: Special personal tax relief RM2,000
As announced in Budget 2014 and to increase the disposable income of the middle income group, a special one-off personal tax relief of RM2,000 will be given to resident tax payers earning up to...
Malaysia Personal Tax – FAQ
Encountered some questions on Malaysia personal tax matters?
Inland Revenue Board (IRB), the Malaysian tax authorities published some FAQ that may be relevant to individual tax payer in Malaysia. Here are some extracts:
Assessment of Tax
Q...
Personal Income Tax Relief for YA 2011 (submit your tax return before 30 April...
Personal tax relief is available for those who have stayed in Malaysia for more than 182 days, regardless of the nationality of that individual.
All individual who do not have any business income in the year of...
