{"id":569,"date":"2011-05-28T15:36:45","date_gmt":"2011-05-28T07:36:45","guid":{"rendered":"http:\/\/www.nbc.com.my\/blog\/?p=569"},"modified":"2013-10-23T23:57:37","modified_gmt":"2013-10-23T15:57:37","slug":"most-favourite-tax-questions-from-taxpayers","status":"publish","type":"post","link":"https:\/\/www.nbc.com.my\/blog\/most-favourite-tax-questions-from-taxpayers\/","title":{"rendered":"Most favourite tax questions from taxpayers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" style=\"background-image: none; padding-left: 0px; padding-right: 0px; display: inline; padding-top: 0px; border-style: initial; border-color: initial; border-width: 0px;\" src=\"https:\/\/www.nbc.com.my\/blog\/wp-content\/uploads\/2011\/05\/taxfaq.jpg\" alt=\"\" width=\"120\" height=\"191\" align=\"right\" border=\"0\" \/><br \/>\nCustomer Service Centre of Inland Revenue Board of Malaysia summarised below the Top 5 most favourite asked questions from\u00a0 Malaysian taxpayers:-<\/p>\n<p><strong>1. How do I register an Individual income tax reference number?<\/strong><\/p>\n<blockquote><p><span style=\"color: #000000;\">There are 2 methods of registering an income tax reference number:<\/span><\/p><\/blockquote>\n<p><span style=\"color: #000000;\">i)\u00a0 You can register manually at the nearest IRBM branch by bringing along a copy of your identification document, remuneration statement and business registration for business cases.\u00a0<!--more--><\/span><br \/>\nii) You can register online through e-Daftar at <a href=\"http:\/\/ekl.hasil.gov.my\/\"><span style=\"color: #000000;\">http:\/\/ekl.hasil.gov.my\/<\/span><\/a><span style=\"color: #000000;\">.<\/span><\/p>\n<p align=\"left\"><span style=\"color: #000000;\">If you are a single person earning an annual income of RM26,500 or more (after deducting EPF contribution), you are required to register an income tax file with the nearest LHDNM branch. <\/span><span style=\"color: #0000ff;\">In certain cases, if your income is below the taxable threshold, IRM may not want you to open a tax file or register a tax reference number.<\/span><\/p>\n<p align=\"left\"><strong>2. When will the current year\u2019s excess tax credit be refunded to me?<\/strong><\/p>\n<blockquote><p><span style=\"color: #000000;\">You will receive your refund within<\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"color: #000000;\">i) 30 days from the date of submission if the submission is done within the due<\/span> date through e-filing.<\/span><\/p>\n<p><span style=\"color: #000000;\">ii) 3 months from the date of submission if the submission is done manually, within the<\/span> due date.<\/p><\/blockquote>\n<p><strong>3. Where can I make my Individual income tax payment ?<\/strong><\/p>\n<blockquote><p><span style=\"color: #000000;\">Individual income tax payment can be made at:<br \/>\ni) IRBM payment counter (Jalan Duta, Kota Kinabalu, Kuching)<\/span><\/p>\n<p><span style=\"color: #000000;\">ii) Counter (CIMB Bank, Public Bank, Maybank,Eonbank,Pos Malaysia)<\/span><\/p>\n<p><span style=\"color: #000000;\">iii) E-payment. Please visit https:\/\/epayment.hasil.gov.my<\/span><\/p>\n<p><span style=\"color: #000000;\">iv) Internet banking (CIMB Bank, Public Bank, Maybank, Eonbank, Pos Malaysia)<\/span><\/p><\/blockquote>\n<p><strong>4. What are the conditions to claim deduction on housing loan interest?<\/strong><\/p>\n<blockquote><p><span style=\"color: #000000;\">Interest expended to finance purchase of residential property. Relief of up to RM10,000 a year for three consecutive years from the first year the interest is paid.<\/span><\/p>\n<p><span style=\"color: #000000;\">Subject to the following conditions:<\/span><\/p>\n<p><span style=\"color: #000000;\">i) the taxpayer is a Malaysian citizen and a resident;<\/span><\/p>\n<p><span style=\"color: #000000;\">ii) limited to one residential unit;<\/span><\/p>\n<p><span style=\"color: #000000;\">iii) the sale and purchase agreement is signed between 10th March 2009 and 31st December 2010; and<\/span><\/p>\n<p><span style=\"color: #000000;\">iv) the residential property is not rented out.<\/span><\/p><\/blockquote>\n<blockquote><p><span style=\"color: #ff0000;\"><em>Also see our tax article and blog post update below:-<\/em><\/span><\/p>\n<p><span style=\"color: #000000;\">Tax Article on<\/span> <a href=\"http:\/\/www.nbc.com.my\/tax.html\">Income Tax Relief on Interest of Housing Loan<\/a>.<\/p>\n<p><span style=\"color: #000000;\">Blog post on<\/span> <a href=\"https:\/\/www.nbc.com.my\/blog\/?p=310\">Housing loan interest tax deduction of RM10,000 per year for 3 years of assessment<\/a>.<\/p><\/blockquote>\n<p><strong>5. Do I have to register a company tax file if my company has not commenced operations?<\/strong><\/p>\n<blockquote><p><span style=\"color: #000000;\">A company tax file has to be registered only when the company has commenced operations\/business.<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Customer Service Centre of Inland Revenue Board of Malaysia summarised below the Top 5 most favourite asked questions from\u00a0 Malaysian taxpayers:- 1. How do I register an Individual income tax reference number? There are 2 methods of registering an income tax reference number: i)\u00a0 You can register manually at the nearest IRBM branch by bringing [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,43],"tags":[25,91,51,8],"class_list":["post-569","post","type-post","status-publish","format-standard","hentry","category-malaysia-tax-and-lhdn-irb","category-personal-individual-tax","tag-irb","tag-malaysia-tax-lhdn-irb","tag-personal-tax","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/569"}],"collection":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/comments?post=569"}],"version-history":[{"count":0,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/posts\/569\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/media?parent=569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/categories?post=569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nbc.com.my\/blog\/wp-json\/wp\/v2\/tags?post=569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}