Personal Tax
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...
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 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...
FAQ: RM6,000 tax relief for children education savings
The National Education Savings Scheme (SSPN-i ) was designed by the National Higher Education Fund Corporation (PTPTN) for the purpose of higher education.
As announced in Budget 2013, it is proposed that personal tax relief...
Budget 2015: New Personal Tax Rates for Individuals (YA2015)
As it was announced in Budget 2014 & proposed in the latest Budget 2015, individuals income tax rates will be reduced by 1% to 3% with effective from the year of assessment 2015.
Technically, families with total...
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.
The following...
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 out their businesses under sole proprietorship and partnership, they all...
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...
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...
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...
