Corporate Tax & LHDN (IRB)
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...
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)...
IRB issues Transfer Pricing form to taxpayer
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...
Annual tax filing deadline by businessmen due today
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...
Tax Return Form B 2010 and Form P 2010
30 June 2011 tax filing deadline for Tax Return Form B 2010 and Form P in respect of year of assessment 2010 is approaching...
Submit your Form B 2010 tax return by 30 June 2010
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...
Most favourite tax questions from taxpayers
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...
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...
Malaysia Direct Tax Revenue Collections for 2009
Company taxpayers are still the biggest contributor to the government’s revenue of RM40.27 billion, representing 45.55% of the total revenue collection. Followed by petroleum...
30 June 2011 – DUE DATE for submission and payment of tax payable for...
After first round of tax filing deadline by 30 April 2011 for individuals with employment income only and no business income (Form BE 2010),...
