What is PCB (Potongan Cukai Bulanan) ?
PCB stands for Potongan Cukai Bulanan, which means Monthly Tax Deduction. It’s a system used by the Lembaga Hasil Dalam Negeri (LHDN) to collect income tax from salaried employees in
What are the required Tax Forms need to be submitted to LHDN as a business owner ?
1. A Simple Guide for Malaysian Businesses As a business owner in Malaysia, you’ll need to file certain tax forms to stay compliant with the Inland Revenue Board of Malaysia
Choosing the Right Option for Your SME, Business Structure & Tax Impact
1. Partnership A Partnership is a business owned by two or more individuals who share the business profits, losses, and responsibilities. It is registered under the Registration of Businesses Act
What is E-invoice ?
E-Invoice is a digital representation of a transaction between a supplier and a buyer. E-Invoice replaces paper or electronic documents such as invoices, credit notes, and debit notes. The details
How to determine your tax residence status ?
Tax residence status determines how you’re taxed in Malaysia, whether you’re considered a “tax resident” or “non-resident”. It’s not based on your citizenship, but on how long you physically stay
Application for Installment Payment of Outstanding Tax/Tax Arrears Online through E-Installment on the MYTAX Portal
This initiative was introduced to facilitate taxpayers in applying for installment payments of outstanding tax or tax arrears and obtaining automatic approval without the need for any supporting documents. What
Selamat Hari Raya Aidilfitri!
🌙✨ Selamat Hari Raya Aidilfitri! ✨🌙 As the holy month of Ramadan comes to an end, we take this opportunity to wish you and your loved ones a joyful and
Tax Reliefs for Year Assessment 2024
Below are the list of individual reliefs that you need to know for the tax declaration of Year Assessment 2024: Relief Types Amount 1 Individual and dependent relatives RM9,000
Corporate Tax Rates
Year Assessment Tax Rates 2023 Companies with paid-up capital not exceeding RM2.5 million and business gross income not exceeding RM50 million First RM150,000 RM150,001 to RM600,000 RM600,001 and
Corporate Tax
Corporate tax is imposed on resident companies (both private limited and public limited) that earn income: Within Malaysia; and Outside Malaysia, for insurance companies, maritime/air transport, and banking sectors. The