It’s that time of the year again- the season where legally employed Malaysians and their employees figure out their income tax rate, calculate their tax reliefs and add up their tax refund. Now if you’re legally employed in Malaysia, or you are an employer here, you would have to pay taxes. However, in this article, […]
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, […]
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. Ever wonder how you can maximise your tax deductions? It’s not that […]
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. What is tax relief and tax rebate? […]
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. For […]
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. Non-resident working in Malaysia You are considered as a non-resident under the Malaysian tax law if you stay less than 182 days within […]
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. If you think freelancing is […]
[Updated on 29th April 2019] Tax season can be a stressful time for anybody. If you’re already juggling your bills, groceries, and other housing expenses, finding out that you owe the government back taxes can be a real nightmare.