Personal Tax

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 Malaysia by a resident individual is exempted from tax.

A non-resident individual will be taxed only on the income earned in Malaysia.

The tax rate depends on the individual’s resident status, which is determined by the duration of his stay in the country as stipulated under Section 7 of the Income Tax Act 1967.

Generally, an individual who is in Malaysia for at least 182 days whether continuously or cumulatively in a calendar year is regarded as a tax resident.

The following table is applicable to those income earned in 2011 and tax submitted to LHDN in 2012:  Read More

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Malaysia Personal Income Tax Rates & Table 2010

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.

A non-resident individual will be taxed only on the income earned in Malaysia.

The tax rate depends on the individual’s resident status, which is determined by the duration of his stay in the country as stipulated under Section 7 of the Income Tax Act 1967.

Generally, an individual who is in Malaysia for at least 182 days whether continuously or cumulatively in a calendar year is regarded as a tax resident.

The following table is applicable to those income earned in 2010 and tax submitted to LHDN in 2011:   Read More

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Malaysian Personal Income Tax Rates & Table 2009

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.

A non-resident individual will be taxed only on the income earned in Malaysia.

The tax rate depends on the individual’s resident status, which is determined by the duration of his stay in the country as stipulated under Section 7 of the Income Tax Act 1967.

Generally, an individual who is in Malaysia for at least 182 days whether continuously or cumulatively in a calendar year is regarded as a tax resident.

Malaysia-Personal-Income-Tax-Rates-Table-2009 

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If you claim tax reliefs, make sure you keep all the receipts (for 7 years!)

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 that they can just fill in any amount as they think fit in the tax relief column, for example, books relief, at the time when filling up the tax return form.  Read More

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Get your tax refund within 30 days if you use e-Filing

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 be made under the electronic fund transfer (EFT) which had shortened the processing time.

“This will be made online and the refund will be credited directly into the taxpayers’ accounts declared in the Income Tax Return Form (ITRF),” he said in a statement yesterday.  Read More

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Personal Tax E-filing due date extended: 15 May 2012 and 15 July 2012

Taxpayers who choose to submit their forms and pay taxes via e-filing will now have up to May 15 to do so.

According to a posting on the Inland Revenue Board (IRB), the 15-day grace period was also extended to those who had their own businesses, which would allow them to submit and pay via e-filing by July 15.

Previously, the deadline was April 30 for individual taxpayers submitting their Form BE and June 30 for those with their own businesses.  Read More

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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 your employer and thus reduce the personal tax payable to LHDN.  Read More

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Personal Income Tax Relief for YA 2011 (submit your tax return before 30 April 2012)

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 2011 are required to submit their income tax return (Borang BE) to the nearest Inland Revenue Board (IRB) offices or submit online via e-filing before 30 April 2012.  Read More

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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 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 issues public ruling: Taxation on foreign workers

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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