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)...
Do I still need to pay tax if I am paying PCB every month?
A lot of people get confused when they thought that the income tax has already been taken care of by the deduction of PCB...
FAQ: RM6,000 tax relief for children education savings
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...
Most favourite tax questions from taxpayers
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...
If you claim tax reliefs, make sure you keep all the receipts (for 7...
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...
30 June 2011 – DUE DATE for submission and payment of tax payable for...
After first round of tax filing deadline by 30 April 2011 for individuals with employment income only and no business income (Form BE 2010),...
Submit your Form B 2010 tax return by 30 June 2010
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...
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...
Malaysia Direct Tax Revenue Collections for 2009
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...
Malaysia Individual Personal Tax Relief for YA 2010 & YA2011 (both years are same)
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....
