Category Tax Filing

Closing a Business in Malaysia: Essential Tax Documents to Secure from LHDNM

Planning to shut down your company, Limited Liability Partnership, or Labuan Entity in Malaysia? Or possibly shifting your business out of the country? If so, it’s important to tie up all loose ends with Lembaga Hasil Dalam Negeri Malaysia (LHDNM).…

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LHDNM’s New Guidelines for E-Filing for YA2022

It begins with a brief introduction to e-filing, detailing, among other things, your responsibility as a taxpayer to file your tax returns, the deadline for e-filing, the different forms for e-filing, and the general steps in e-filing. LHDNM has released…

Questions on Individual Income Tax Malaysia in 2023?

What is the 2023 individual income tax rate in Malaysia? Chargeable Income (RM) Current Tax Rate (%) Proposed Tax Rate (%) 0 – 5,000 0 0 5,001 – 20,000 1 1 20,001 – 35,000 3 3 35,001 – 50,000 8…

Avoid Penalties: Employer’s Ultimate Guide to Tax Filing Dates in Malaysia

Learn about the submission deadlines, penalties and other important details about important tax filing forms for employers in Malaysia.

Generate Your Bill Number for Real Property Gains Tax Payments vis e-CKHT Form 502

Until 28.02.2023, you can still use manual CKHT Form 502 to generate your Bill Number. After then, you'll need to use e-CKHT to generate the needed form in order to be able to make payments.

2023 Malaysia Tax Submission Important Timeline

Remember to prepare your tax forms on time. File your companies, employers, individuals, partnership or association tax hassle-free with Cheng & Co Tax agents.

Settle Your Tax Installment Payment Before 15 January 2023

Since New Year 2023, LHDNM has a new e-Billing system, where you may generate your billings, and make payments. However, at this time, the system is currently experiencing technical difficulties, and LHDNM is working to have it ready soon. In…

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Tax Update 1 Jan 2023 on Bill Number & E-Billing

Since 1 Jan 2023, you’re required to accompany each direct tax payment made to LHDN with a bill number, to be generated by LHDN’s e-billing system, under MyTax. Under Login , you’re to: Log into your account at MyTax with…

Updated Guidelines on Tax Treatment of Digital Currency Transactions on 26 August 2022

Since 2019, LHDN has made it clear that they are taxable in the document titled “Guidelines on Tax Treatment of Digital Currency Transactions”, with the latest version was released on 26 August, 2022. This guideline covers the following activities: trading…

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