Income Tax Return Malaysia 2020
An effective petroleum income tax rate of 25 applies on income from petroleum operations in marginal fields.
Income tax return malaysia 2020. Malaysia income tax e filing guide february 28 2020 income tax deadline extended until 30 june 2020 in lieu with the movement control order period from 18 to 31 march 2020 due to covid 19 pandemic irb has extended the income tax deadline for this year. Goods services tax. Resident company other than company described below 24. The new deadline for filing income tax returns in malaysia is now 30 june 2020 for resident individuals who do not carry on a business and 30 august 2020 for resident individuals who do carry on a business.
As a general rule of thumb if both spouses are earning high incomes in the year of assessment it is always recommended to opt for separate assessment to leverage on the tax reliefs and deductibles available. For the be form resident individuals who do not carry on business the deadline for filing income tax in malaysia is 30 april 2020 for manual filing and 15 may 2020 via e filing. Basis period for company. File individual income tax.
Return form rf filing programme for the year 2020. Petroleum income tax is imposed at the rate of 38 on income from petroleum operations in malaysia. File gst return 1 jan 31 mar 11 may 2020. 31 aug 2020.
Income tax return form itrf eligible for ezhasil e filing how to do e filing for individual income tax return taxation in malaysia for non resident individual how to register for ezhasil e filing for individual. File individual income tax paper form 31 may 2020. The deadline for filing your income tax returns form in malaysia varies according to what type of form you are filing. Amending the income tax return form.
According to section 45 of malaysia s income tax act 1967 all married couples in malaysia have the right to choose whether to file individual or joint taxes. File gst return 1 apr 30 jun 31 jul 2020. You can see the full amended schedule for income tax returns filing on the lhdn website. Inland revenue board of malaysia shall not be liable for any loss or damage caused by the usage of any information.
Change in accounting period. Real property gains tax. 2020 itrf submission dateline. Return form rf filing programme for the year 2020 amendment 1 2020.