Sunday, 23 February 2020

Personal Tax

Personal-Tax-Rates-Table-for-2014-2015

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...

If you are receiving travelling or entertainment allowances from your company, you don't need to report it to income tax department (LHDN)! You can claim your expenses to set-off against the employment income received from...

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...

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...

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...

Calculate your personal income tax payable 2013 from the following table: Malaysian Personal Income Tax Rates 2013.  All personal income tax submission for year of assessment 2013 via e-filing must be done on or before...

Personal tax relief is available for those who have stayed in Malaysia for more than 182 days, regardless of the nationality of that individual. All individual who do not have any business income in the year of...

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...

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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