Sunday, 16 May 2021

Personal Tax

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...
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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...

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%...

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...

Customer Service Centre of Inland Revenue Board of Malaysia summarised below the Top 5 most favourite asked questions from  Malaysian taxpayers:- 1. How do I register an Individual income tax reference number? There are 2 methods...

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...

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...

You will be barred from leaving the country if you have yet to settle your income tax or property tax (RPGT) from October 2013 onwards! You may or may not aware that you have outstanding...

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...

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...
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