Personal Tax
IRB issues public ruling: Taxation on foreign workers
On 16 November 2011, Inland Revenue Board Malaysia issued Public Ruling No 8/2011, “Foreign Nationals Working in Malaysia – Tax Treatment”, which explains the tax treatment of employment income derived by foreign nationals exercising...
Get your tax refund within 30 days if you use e-Filing
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...
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 register an Individual income tax reference number?
There are 2 methods...
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...
Tax Return Form B 2010 and Form P 2010
30 June 2011 tax filing deadline for Tax Return Form B 2010 and Form P in respect of year of assessment 2010 is approaching with less than a month to go.
Form B is tax...
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 who are deriving business income submitting their Form B for...
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. Generally rule is, a person is a Malaysia tax resident...
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...
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...
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...
