Malaysia Hotline: +603- 2141 8908
In
Malaysia, individuals and businesses can use e-Filing to carry out their annual
tax assessment. Known in short as e-Filing, the Malaysian IRB (Inland Revenue
Board) operates its online system through its e.hasil.gov.my website. Before
preparing tax return, it is a must to do accounting, in term of means to
accumulate and report on financial information about the performance, financial
position, and cash flows of a business. After that, IRB rely on audited
financial statements to determine the accuracy of tax returns filed by the
companies.
On
the other hand, for income earners with business income would need to submit
their forms latest by the 30th of June each year. The same procedure will be
applicable for both these income earner. However, business income earners might
have to pay a lump sum to income tax as they might not have adopted the PCB
method.
There
are several types of forms that you will be needed to submit. The BE form is
for individuals who do not have any business sources. This is the most common
form that is used by those who earn a monthly salary. The B Form is for
individuals who own a business. The M form is for non-residents who are working
with a monthly salary. This refers to individuals who are not citizens while he
MT form is for those who own a business in Malaysia. The P Form meanwhile is
meant for those who are in a partnership business.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my