Tax Planning

In case you missed it, tax season is upon us again! It’s that time of the year when Malaysian citizens and residents will begin declaring all their earnings in the previous year.

In case you missed it, tax season is upon us again! It’s that time of the year when Malaysian citizens and residents will begin declaring all their earnings in the previous year. Now if you’re legally employed in Malaysia, or you are an employer here, you would have to pay taxes. However, in this article,…

The year has almost ended, and if you’re a taxpayer, you know what that means. The 2022 Budget has listed several tax reliefs and exemptions for next year, and if you want to claim them, you’ll need to spend by December 31st 2021. 

Do you know what is income tax relief? Tax reliefs are set by Lembaga Hasil Dalam Negeri (LHDN), where a taxpayer is able to deduct a certain amount for cash expended in that assessment year, from the total annual income. These are for certain activities that the government encourages to lighten our financial loads.

The first thing that should be noted is that in Malaysia and most other countries there are different ways that expats are classified based on the time they worked in the country.

As the first deadline to file your income tax has just passed, you may be wondering what could happen if you file your taxes late?

If you’re a Malaysian who earns more than RM34,000 yearly, it’s time to file your income tax returns for the Year of Assessment (YA) 2020. So you should refer to your Income Tax Return (EA) form and complete your filing by April 30.

The tax season is here again, and you’ll have to file your personal income tax returns by April 30 this year. There are so many income tax terms to understand that sometimes, we get confused. Today, we’ll be looking at the difference between tax relief and tax rebate.

You can almost hear the groans about filing of taxes from everyone. It’s time to do your income tax again, everyone! (do it before 30 April 2021 for manual filing and 15 May 2021 for e-Filing). For new tax-payers, we’re going to make it easy for you with an easy-to-use guide. Starting from tax paying…

Working as a full-time freelancer means you don’t have an employer to assist you with tax-related matters. This can complicate the tax filling procedure come tax season. So if you are new to freelancing and haven’t registered a tax file, here’s a quick guide on how you can do it.