In Malaysia, many people make the mistake of forgetting to pay their taxes, only to remember when the back-taxes have already piled up. While some manage to pay it off, others end up having to seek financial aid from loan companies.
Its tax season again, folks! But don’t fret,or get stressed up about it. Here’s a handy guide to 2016’s Income Tax filing, along with all the important information you need to know about filing your income tax. What’s New? Following the 2016 Budget announcement, a new category for tax income relief was announced by the…
[Updated 29th April 2019] Tax season can be a stressful time for anybody, especially if you have other things on your plate. If you’re already juggling your bills, groceries, and other housing expenses, finding out that you owe the government back taxes can be a real nightmare. What you may not realize, however, is there…
Working as a full-time freelancer means you don’t have an employer to assist you with tax-related matters. This can complicate the tax filling procedure come tax season. So if you are new to freelancing and haven’t registered a tax file, here’s a quick guide on how you can do it.
If you’re a Malaysian who earns more than RM34,000 yearly, it’s time to file your income tax returns for the Year of Assessment (YA) 2020. So you should refer to your Income Tax Return (EA) form and complete your filing by April 30.
The tax season is here again, and you’ll have to file your personal income tax returns by April 30 this year. There are so many income tax terms to understand that sometimes, we get confused. Today, we’ll be looking at the difference between tax relief and tax rebate.
Do you know what is income tax relief? Tax reliefs are set by Lembaga Hasil Dalam Negeri (LHDN), where a taxpayer is able to deduct a certain amount for cash expended in that assessment year, from the total annual income. These are for certain activities that the government encourages to lighten our financial loads.
