Learn more about understanding tax regulations to managing tax filings in Malaysia.
[Step-by-step] MyTax: Apply for Employer/Employer Representative role
In order to submit forms E, CP8D or CP22 through e-filing, you will need to have an Employer or Employer Representative role. Here is a step-by-step guide on how you can apply for an employer role and/or appoint an employer representative in MyTax. Applying for the Employer role For Private Companies or Private Entities Other […]
What tax deductions can I claim for my children?
Certain tax deductions are available for children under the charge of the employee. The deduction reduces the employee’s chargeable income and therefore their PCB. For tax purposes, a “child” is an “unmarried dependent legitimate child or stepchild or adopted child”. Please note that no deduction can be claimed if the child is in receipt of […]
What are the restrictions for claiming tax exemptions?
If an employee has control over their employer then ALL perquisites, allowances and benefits-in-kind received by that employee will be considered part of their taxable income. No tax exemptions will apply. For example an employee who has control over their employer cannot claim the RM6,000 annual tax exemption for travel/petrol allowance for official duties. Definitions […]
Which benefits-in-kind are tax exempt?
Benefits-in-kind are benefits provided by or on behalf of your employer that cannot be converted into money. These benefits are normally part of your taxable income, except for tax exempt benefits which will not be part of your taxable income. Tax exemption applies to the benefits-in-kind listed below, unless you have control over your employer […]
Do I need to file a tax return?
Income Threshold If you earn (after EPF deduction) a minimum of RM 34,000 annually, then you must file a tax return, unless you are exempted from doing so under the conditions set out below. PCB as Final Tax If the following conditions are satisfied, you can choose not to file a tax return as the PCB […]
