I started this blog during my working life, after July, 2009 you may find my blog posts at http:lbms2u.blogspot.com

3/17/2008

Income Tax : Personal Returns

Form due dates:
B
(Resident individual with business income)
- June 30
BE
(Resident individual without business income)
- April 30
M
(Non-resident individual)
- April 30

WHO is required to submit a tax returns?

A person who is chargeable to tax is required to submit an income tax return to the
Inland Revenue Board (IRB).
An employee who is single and earning RM27,000 annually would be chargeable to tax if his claim for relief is limited to self relief and Employees Provident Fund.

HOW to filing tax returns for the first time?

An individual will have to register a tax file with the IRB by going to the nearest IRB office and bringing along his identity card/passport, Form EA and marriage certificate, if married.

HOW will you be taxed?
An individual is taxed on his chargeable income after deduction of personal reliefs. He will be taxed at scale rates starting from 0% (on the first RM2,500) to a maximum of 28% (on chargeable income exceeding RM250,000).

WHAT should a taxpayer do if he did not received tax return form?
Any taxpayer who has not been issued a tax return by March 31 must request for one from the
IRB by April 14.
For taxpayer previously submitted their tax returns via e-filing will no longer be issued tax returns.
Taxpayer who have received their tax returns form but wish to submit their tax returns via e-filling can logging by using pin number printed on their income tax returns.

HOW to file tax returns for the first time via e-filing?
An Individual can obtain their Pin number by visit the nearest
IRB office.

e-Filling
Related post:
Income Tax : A Savvy Taxpayer
Income Tax : Forms Printing

No comments: