Don’t let the thought of filing your tax return keep you tossing and turning at night.
April is fast approaching, which means income tax season is upon us again. It’s understandable that filing your tax return worries you, because there are so many financial, legal and technical considerations to be taken into account, even with e-Filing making the process more convenient. So, to help ease your mind, here’s a list of things to consider before punching those figures in.
1 ARE YOU ELIGIBLE TO FILE FOR INCOME TAX?
As a general guide, individuals with a gross income of RM24,000 per annum (after EPF deduction and other tax reliefs) have to register with the Inland Revenue Board (LHDN) for income tax. Besides that, business owners are required to file for taxes as well, including those who earn an income from renting their properties to others. If it’s your first time registering for ezHASiL e-Filing for individuals, before you can complete your Income Tax Return Form (ITRF), you have to apply for your pin number at any LHDN office. After receiving the pin number, proceed to login by clicking on ‘first time login’ to fill up your information. Once you’re done reviewing all the information and submitting your application, you can now start to file your tax return online.
2 DO YOU PRACTISE PROPER FILING?
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Esta historia es de la edición April 2017 de Her World Malaysia.
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