Personal Tax
Housing loan interest tax deduction of RM10,000 per year for 3 years of assessment
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...
Claim your expenses to reduce employment income and personal tax
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...
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...
Due Day Extended for Personal Tax Submission: 15 May 2013 (E-Filing Only)
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...
4 Tips to help keep you on correct path to income tax filing
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...
Pay Your Tax Now or You Will Be Barred From Travelling Oversea
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...
Malaysia Personal Tax – FAQ
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...
Budget 2014: Special personal tax relief RM2,000
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...
Budget 2013: Personal tax rate reduced by 1%
The new individual income tax rates effective from year of assessment 2013 is tabulated below and tax rate reduction gives a maximum tax saving up to RM475 for a person with chargeable income of...
Budget 2014: Personal tax reduced in 2015
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...
