All Stories in Income Tax

Tax Relief You can Claim for 2011

By Ravindran Duraisamy The writer is a qualified tax agent, chartered accountant and a member of the Malaysian Institute of Accountants (MIA), Chartered Tax Institute of Malaysia(CTIM) and The Association of Chartered Certified Accountants UK (ACCA). Many will think twice when comes to opening the …

Tags: , ,

Five days left to submit income tax return forms

Five days left to submit income tax return forms

Taxpayers have only five days left to file their income tax return forms. They can either file their forms using the Inland Revenue Board’s (IRB) e-filing system or submit them manually. An earlier statement by the IRB said its e-filing service counters in all states …

E-filing service counters open on weekends

E-filing service counters open on weekends

The Inland Revenue Board‘s e-filing service counters at all branches will operate as usual on the weekends to assist taxpayers who do not have Internet access to file their income tax returns. The counters would be open from 8am to 6pm. While counters in Kelantan, …

Tags: , ,

E-filing service counters open on weekends

The Inland Revenue Board’s e-filing service counters at all branches will operate as usual on the weekends to assist taxpayers who do not have Internet access to file their income tax returns. The counters would be open from 8am to 6pm. While counters in Kelantan, …

Tags: , , , , ,

Govt to cut rate to 15% for Malaysians who return

KUALA LUMPUR: The Government hopes to woo more Malaysians working overseas by offering them an income tax rate of 15% for five years under the Returning Experts Programme (REP), Datuk Seri Najib Tun Razak said. The Prime Minister also said a new Residence Pass would …

Tags: ,

IRB: E-file assessments early to avoid congestion

Taxpayers can begin filing their income tax assessment forms for 2010 through e-filing for individuals and employers. They could do this by going to https://e.hasil.gov.my or click on its official website www.hasil.gov.my, Inland Revenue Board public relations officer Masrun Maslim said in a statement yesterday. …

Tags: , , , , ,

e-Filing for 2011

e-Filing for 2011

Inland Revenue Board (Lembaga Hasil Dalam Negeri) in their website has announce that the e-Filing system for individual/partnership and employer will be available from 1st March 2011. Do Know the deadline for individual taxpayers (BE and M forms) is April 30 and June 30 for …

Tags: , , , , ,

Individuals Self Assessment

As many are aware, since 2004, individuals have started to perform a self-assessment of their tax liability. This includes employees, sole proprietors carrying on business, and individual partner in partnership. Under the self-assessment regime, an individual will assume to bear the primary duty to revise …

Tags: , , , , , ,

How to register tax file

How To Register Tax File? Application to register an income tax reference number can be made at the nearest branch to your correspondence address or at any IRBM branch of your convenience without reference to your correspondence address. Documents Required For Registration Please forward the …

Tags: , , ,

CP500 Instalment Scheme

If a taxpayer has income other than employment such as business, rental and royalties, he is required to make 6 bi-monthly instalment payments, commencing from the month of March. The instalment dates will be prescribed in the notice of the instalments to be paid (CP …

Tags:

Penalty if Paying Tax Late

I guess many are aware the deadline for submission of Income Tax  Return Form to individual where we have to send it by April 30 to avoid any penalty. Based on the LHDN rules, the due date to Submit Income Tax  Return Form BE Form, …

Tags: , , ,

How To calculate Income Tax PCB

What is PCB ? PCB is a short form of Potongan Cukai Berjadual where LHDN introduced many years ago to ease the burden of tax payer from paying the tax in one lump sum into monthly payment. You might wonder how actually to calculate the …

Tags: , , ,

26 Ways to Reduce your Tax

This is a great info on 26 ways to reduce income tax. Evethough few of them not relevant to you, but I would like to thanks the contributor for his effort in compiling these 26 tips. Incoming search terms:how to avoid income tax malaysia (17)how …

Tags: , , ,