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Tag: Income tax

IRB to begin issuing forms
By November 2, 2011 0 Comments Read More →

IRB to begin issuing forms

Prime Minister Datuk Seri Najib Abdul Razak had announced the one-off cash relief when tabling Budget 2012 in Parliament last month. The Budget proposal said RM1.8bil has been allocated for the aid which is expected to benefit 3.4 million homes or 53% of households in the country. 1 month after the announcement, the Inland Revenue [...]

Posted in: Berita Terkini
Budget 2012 highlights
By October 7, 2011 0 Comments Read More →

Budget 2012 highlights

The budget 2012 was tabled by Prime Minister Datuk Seri Najib Tun Razak in Parliament Friday. Lets see the highlights of Budget 2012. The live telecast of the speech which starts at 4pm can be accessed in Bahasa Malaysia and English by surfing the Malaysian Treasury portal at http://www.treasury.gov.my. You can also download Speech Tex, [...]

Posted in: Economy
Budget 2012 Consultation
By May 10, 2011 0 Comments Read More →

Budget 2012 Consultation

Corporate and personal income tax may be reduced with the implementation of the goods and services tax (GST), Prime Minister Datuk Seri Najib Tun Razak announced Tuesday. He, however, said the government was still engaging with the Public Awareness Education Programme to educate the people on the advantage of the GST. “As far as the [...]

Posted in: Economy
e-Filing for 2011
By February 24, 2011 1 Comments Read More →

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 self-employed ? Have you got all your details, supporting documents [...]

Posted in: Income Tax
Individuals Self Assessment
By February 23, 2011 0 Comments Read More →

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 his tax, compute his income tax liability, and account for [...]

Posted in: Income Tax
EA Form Requirement
By February 8, 2011 2 Comments Read More →

EA Form Requirement

Every employer shall, for each year, prepare and render to his employee a statement of remuneration of that employee C.P.8A (EA) and C.P.8C (EC) form on or before the last day of February in the year immediately following the first-mentioned year in order for each employee to fill and submit return form in accordance to [...]

Posted in: Income Tax