Malaysia Tax & LHDN (IRB)
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 income tax and individual income tax which contribute to 30.80%...
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), 2nd round of tax filing deadline of 30 June 2011...
Malaysia Personal Tax – FAQ
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 individual tax deduction – Broadband subscription fee for YA2010 to YA2012
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...
IRB introduces Information Collection Program
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...
Malaysia Budget 2011 Summary and Highlights
“ 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...
Malaysia Budget 2011 Summary and Highlights
“ 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...
Real Estate Investment Trust (REIT) in Malaysia
REIT may consider as good as EPF on its tax exemption status, as all the rental, interest and other investment income earned by REIT are exempted from tax, provided that the REIT distributes at least...
Inland Revenue Board of Malaysia
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...