Malaysia Tax & LHDN (IRB)

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 income tax and individual income tax which contribute to 30.80%...

After first round of tax filing deadline by 30 April 2011 for individuals with employment income only and no business income (Form BE 2010), 2nd round of tax filing deadline of 30 June 2011...

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...

Malaysia Inland Revenue Board (IRB) on 12 April 2011 issued a Technical Guideline on personal tax relief or deduction on the broadband subscription fee. It clarifies that individual (employee) who receives benefit on using...

The Malaysian tax authorities, Inland Revenue Board (IRB) has, on Oct 19, introduced “Information Collection Program” which is aimed to support the enforcement and compliance activities conducted by IRB as well as providing information...

“ 1Malaysia, Generating Transformation ” Summary & Highlights - Tax Changes & Proposals EPF relief scope extended but limit not increased Existing EPF relief of maximum RM6,000 is extended to include employees’ contributions to Private Pension Fund...

“ 1Malaysia, Generating Transformation ”  Summary & Highlights - Tax Changes & Proposals Existing EPF relief of maximum RM6,000 is extended to include employees’ contributions to private staff retirement schemes. Employers are allowed for tax deductions for contributions...

The Inland Revenue Board of Malaysia (IRBM) is one of the main revenue collecting agencies of the Ministry of Finance. The Department of Inland Revenue Malaysia became a board on March 1, 1996, and is...