Saturday, 19 October 2019

Personal Tax

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...

Following the implementation of Self Assessment Taxation System in Malaysia years ago, the Inland Revenue Board switches its focus and attention in doing tax audits to ensure taxpayers comply with the legal provisions and...

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...
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...

Claim your housing loan interest as personal tax deduction/relief up to RM10,000 per year for 3 years of assessment (RM10,000 x 3 YAs = RM30,000 in total), if you buy a house before 31...

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...

In a press release, Inland Revenue Board Malaysia will continue its Taxpayer Service Month Program until 30 June 2011. The program is focus on taxpayers who are deriving business income submitting their Form B for...

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...

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...

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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