Personal Tax
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...
Budget 2013: Personal tax rate reduced by 1%
The new individual income tax rates effective from year of assessment 2013 is tabulated below and tax rate reduction gives a maximum tax saving up to RM475 for a person with chargeable income of...
Increasing Tax Audits by IRB Malaysia
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...
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...
Malaysia Individual Personal Tax Relief for YA 2010 & YA2011 (both years are same)
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...
Malaysia Personal Income Tax Rates 2013
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...
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...