Thursday, 29 June 2017

Personal Tax

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...

Calculate your personal income tax payable 2013 from the following table: Malaysian Personal Income Tax Rates 2013. All personal income tax submission for year of assessment 2013 via e-filing must be done on or before...

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...

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...

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...

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...

Individual personal tax relief is only available for individuals who are considered tax resident in Malaysia. No tax relief is available for non-tax residents. Generally rule is, a person is a Malaysia tax resident...

IT'S tax season again!Unfortunately, however, the filing procedure tends to end up being a truly “taxing” period for many individuals.We've all heard the horror stories of people failing or forgetting (be it willingly or...

TAXPAYERS using e-Filing will be getting their refund credited directly into their bank accounts within 30 days after the declaration is made.Inland Revenue Board (IRB) public relations officer Masrun Maslim said the refund would...

You will be barred from leaving the country if you have yet to settle your income tax or property tax (RPGT) from October 2013 onwards!You may or may not aware that you have outstanding...
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