The Inland Revenue Board of Malaysia (LHDN) has outlined the filing requirements for Borang Nyata (BN) for the year 2025. Below are the key points, simplified for your reference while adhering to LHDN guidelines.
Filing Methods
i. e-Filing (Preferred Method):
- Access the MyTax portal at https://mytax.hasil.gov.my for submission.
- Tax agents must use the Tax Agent e-Filing System (TAeF) version 2.0.
ii. Manual Submission:
- Only applicable for specific cases where e-Filing is unavailable
Filing Deadlines
i. Individuals (Residents & Non-Residents):
- Non-Business Income: 30 April 2025
- Business Income: 30 June 2025
ii. Employers: 31 March 2025
iii. Companies & Limited Liability Partnerships: Within 7 months from the end of the accounting period.
iv. Hindu Joint Families & Estates: 30 June 2025
v. Petroleum Operations: 7 months from the basis period’s end.
Additional Time for Filing and Tax Payments
- Submissions via e-Filing after the deadline will be accepted if submitted within the extended period.
- Late submissions may incur penalties under Section 112(3) of the Income Tax Act 1967.
Key Reminders
i. Complete Submissions:
- Ensure all relevant forms (e.g., e-BE, e-B, e-C) are submitted as per the guidelines.
- Employers must include Form CP8D for employee details.
ii. Accuracy of Information:
- Provide accurate income, deductions, and tax relief details to avoid audits or penalties.
iii. Supporting Documents:
- Keep records of supporting documents for at least 7 years for audit purposes.
Important Notes for Employers
- Provide employees with Form CP8A (EA) or CP8C (EC) by 28 February 2025.
- Submit employee remuneration details via e-Data Praisi or e-CP8D by 25 February 2025.
Dormant Entities
- Companies, LLPs, trusts, and cooperatives categorized as dormant must still file BN unless exempted.
Resources
- Detailed guidelines and templates can be found on the MyTax portal.
By adhering to these guidelines, you can ensure compliance with LHDN requirements for 2025. For further assistance, visit the official LHDN website or consult your tax advisor.
To know more, refer here.
