TAX Articles


Updates on Income Tax Exemptions & Deductions + Amendment on Service Tax Policies

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Tax Deduction for Secretarial and Tax Filing Fee
Effective year of assessment 2020, tax deduction allowed up to maximum of RM15,000 per year for secretarial and tax filing fees. 
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Special Tax Deduction on Rental Reduction
A special tax deduction was introduced in the earlier Economic Stimulus Package for landlords who reduce at least 30% rental on business premises rented to SME tenants, for period of April 2020 to June 2020.
This special deduction has been extended to 30th September 2020 as announced in the Short-Term Economic Recovery Plan (PENJANA).
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  25% Reduction for Foreign Worker Levy
  Levy fees payable for the renewal of visit pass which expires on any date from 1 April 2020 to 31 December 2020 are remitted by 25%.
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Taxable & Exempted Employment Income

  • Source of employment income
  • Taxable employment income
  • Tax exempted employment income
  • Basis year and basis period
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Form E Submission Criteria You Need to Know

Did you notice that Sdn Bhd are required to file Form E irrespective active or dormant, with or without employees? 

In fact, the biggest problem is that many companies are not aware that they have met the criteria to submit a Form E. Companies who have employees, issued salary or registered an E-filing number are required to file a Form E. 

Watch out these grey zones to avoid hefty penalties!
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TAX - a quick check on whether you should file Form E and CP8D

  • A quick check on whether your company should file Form E
  • Deadlines for Submission of Form E
  • A quick check on whether you need to fill in CP8D

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What Employers Must Know About Form E Submission?

Deadlines for Employers

  • eData Praisi - Closing on 22 February 2017
  • Form EA - Must prepare and provide to all employees by 28 February 2017
  • Form CP58 - Not later than 31 March of the following year in which the incentives were paid

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Have You Submitted Form E?

March is where the season of tax submission begins. All Malaysian businesses irregardless of large, medium or small companies are held to submit a Form E to the Inland Revenue Board (IRB) by the end of this month.

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