Archive for the ‘Personal Tax’ Category
MALAYSIA TAX BUDGET 2010: TOP PERSONAL TAX RATE REDUCED BY 1%
Beginning from year of assessment 2010, under the proposed legislation, the top personal tax rate has reduced by 1% (i.e. from 27% in YA 2009 to 26% effective from YA 2010). This means that, in respect of chargeable income above RM100,000, for every RM1,000 a person earns, he  will be paying RM10 less in taxes.
October 28, 2009
Posted in: Malaysia, Personal Tax 
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MALAYSIA TAX BUDGET 2010: PERSONAL TAX INCENTIVE FOR BROADBAND EXPENSES
An individual can claim a maximum of RM500 of the monthly Internet broadband bills issued under his name in his tax return.
In the current self-assessment taxation system, he will be required to maintain receipts for such expenses paid for up to seven years in the event of an audit by the Inland Revenue Board.
In the [...]
October 28, 2009
Posted in: Malaysia, Personal Tax No Comments
MALAYSIA TAX BUDGET 2010: PERSONAL INCOME TAX INCENTIVES FOR THOSE WORKING IN THE ISKANDAR REGION.
If a person apply and commence his or her employment in Iskandar Malaysia between Oct 24, 2009 and Dec 31, 2015, provided that he or she is  qualify as a Malaysian tax resident, his/her employment income will be taxed at the flat rate of 15%.
This could be substantially lower compared to the effective tax rate [...]
October 27, 2009
Posted in: IDR, Malaysia, Personal Tax No Comments
Personal Tax Planning:Benefit-In-Kind & Perquisites
As usual, before we do our personal income tax planning, we need at least to understand the latest tax law legislations on employees tax exempt benefit-in-kind and perquisites.
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Append below in this article are the latest/up to-date benefits-in-kinds and perquisites (cash related) which are exempted from personal tax which the employee can plan to mitigate his/her [...]
December 5, 2008
Posted in: Financial Planning, Personal Tax No Comments
