Saturday, 27 July 2024

Personal Tax

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...

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...

IT'S tax season again! Unfortunately, however, the filing procedure tends to end up being a truly “taxing” period for many individuals. We've all heard the horror stories of people failing or forgetting (be it willingly or...

Inland Revenue Board (LHDN, Lembaga Hasil Dalam Negeri) has extended the deadline for personal tax return submission and balance of tax payment for employment income to 15 May 2013. The extension of due date is...
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Upon the implementation of GST in April 2015, the Government is committed to provide various forms of assistance to the rakyat during and after the GST implementation. One of the significant measure is to...

Every tax payers are allowed to claim tax reliefs to set-off against their employment or business income when calculating their personal tax. However, based on our experience, most of the tax payers have easily believed...

As announced in Budget 2014 and to increase the disposable income of the middle income group, a special one-off personal tax relief of RM2,000 will be given to resident tax payers earning up to...

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...
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...

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...
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