Unlock Tax Savings: Your Ultimate Guide to Child-Related Deductions in Malaysia 1. Child Tax Deductions: Employees can claim tax deductions for children under their care. These deductions reduce the employee’s chargeable income and their Monthly Tax Deduction (PCB). A “child” is ... Individual Sole Proprietorship Jun 3, 2026 Tax
Understanding Tax Exemption Restrictions in Malaysia As a taxpayer in Malaysia, it’s essential to grasp the nuances of tax exemptions. Here are key insights to help you navigate the complexities: 1. Control over employer : If you wield influence over yo... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Jun 3, 2026 Tax
Tax-Exempt Benefits-in-Kind in Malaysia: A Comprehensive Guide In Malaysia, employers provide various benefits-in-kind to employees. While most of these are part of an employee’s taxable income, there are specific exemptions. Here’s what you need to know: Dental ... Individual Jun 3, 2026 Tax
Malaysian Tax Return Filing: Key Guidelines and Exemptions Income threshold: If your annual income (after EPF deduction) is at least RM 34,000, you are generally required to submit a tax return. Exemptions: However, exemptions apply under specific conditions.... Individual Sole Proprietorship Jun 3, 2026 Tax
Unlocking Tax Benefits: Malaysia’s Returning Expert and Iskandar Knowledge Worker Programs Returning Expert Program: Encouraging Malaysian professionals to return: This program aims to attract Malaysian professionals living abroad back to their home country. Tax benefits for returnees: Flat... Individual Jun 3, 2026 Tax
How to Obtain Your Income Tax Number in Malaysia Check if you already have an income tax number: If you were previously employed, it’s possible that you already have an income tax number. To verify this, contact the LHDN (Inland Revenue Board) at th... Individual Sole Proprietorship Jun 3, 2026 Tax
Tax-Exempt Perquisites for Malaysian Employees As a Malaysian employee, understanding tax exemptions for certain perquisites (benefits-in-kind) is crucial. Below, we delve into the tax-exempt benefits you can claim, provided you don’t have control... Individual Jun 3, 2026 Tax
How to Submit Form E in Malaysia: A Comprehensive Guide Submit Form E via e-Filing Log in to MyTax: Visit the MyTax portal. Access ezHasil Services: Click on “ezHasil Services” (located at the top left). Select e-Filing: Find “e-E” at the bottom of the scr... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Jun 3, 2026 Tax
Understanding Employee Benefits: Benefits-in-Kind vs. Perquisites When it comes to employee compensation, understanding the nuances of benefits is crucial. In this article, we delve into two key categories: Benefits-in-kind and Perquisites (commonly known as “perks”... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Jun 3, 2026 Tax
How to Calculate the Value of Living Accommodation for Employees: A Comprehensive Guide Providing living accommodation to employees is a common practice, but understanding its value is crucial for both employers and employees. In this guide, we’ll explore how to determine the value of li... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Jun 3, 2026 Tax
Employment (Amendment) Act 2022: Key Changes to Malaysian Employment Law The Employment (Amendment) Act 2022 came into effect on January 1, 2023. The act has made several changes to the Employment Act 1955, which applies to all employees except for those who were previousl... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll
Overtime Pay in Malaysia: Guidelines and Calculation Methods under the Employment Act The Employment Act in Malaysia provides guidelines for overtime pay. The minimum daily rate of pay for overtime calculations should be monthly wages divided by 26. However, employers can choose any ot... Company Individual Limited Liability Partnership Partnership Sole Proprietorship Dec 13, 2023 Payroll