Under expansion, selected discretionary items subject to sales tax rates of five, 10 pct, says Lim

Deputy minister says still too early to assess full effect of expanded tax scope

MOF says move to be implemented via federal development projects

Refunds processed within 30 working days via e-filing, 90 for manual submissions with complete information, supporting documents

SST also covers 70 per cent of the economic services compared to GST’s 76 per cent, says MOF

PUTRAJAYA, June 16 — The Inland Revenue Board (LHDN) today launched Op Metro 3.0 to strengthen the culture of tax compliance among taxpayers through a more strategic and focused approach.

PUTRAJAYA, May 14 — The Inland Revenue Board (LHDN) of Malaysia reminded resident individuals not carrying on a business that the e-filing deadline for the Year of Assessment 2024 (YA 2024) is tomorrow.

CYBERJAYA, March 10 — The Inland Revenue Board (LHDN) will focus on the implementation of e-invoicing, expansion of the tax base, enforcement activities, tax corporate governance, the global minimum tax, self-assessment systems for stamp duty and real property gains tax, and Labuan business activity tax this year.

PUTRAJAYA, Feb 28 — Taxpayers can submit the tax return form (RF) for the 2024 Year Remuneration and Year of Assessment via e-filing starting tomorrow, according to the Inland Revenue Board (LHDN).

PUTRAJAYA, Jan 8 — The new monthly tax deduction (PCB) service system, e-PCB Plus, will be introduced to replace the existing e-PCB, e-Data PCB and eCP39 under one platform through the MyTax portal.

By Selangor Journal Team SHAH ALAM, Dec 9 – The recently announced assessment rate hike is needed to maintain the state’s infrastructure and guarantee Selangor residents’ well-being. State executive councillor for tourism and local government Dato’ Ng Suee Lim said maintenance includes...

SHAH ALAM, Oct 19 — Budget 2025, tabled by Prime Minister Datuk Seri Anwar Ibrahim in Parliament yesterday, put forth several tax incentives.

By Selangor Journal Team KUALA LUMPUR, October 18 – The federal government will not impose taxes on essential goods as it looks to streamline the Sales and Services Tax (SST) next year. Prime Minister Datuk Seri Anwar Ibrahim, in his Budget 2025 speech, explained that while the SST will not...

KUALA LUMPUR, Sept 9 — Tenaga Nasional Bhd (TNB), which was recently hit with an additional tax bill of RM1.39 billion from the Inland Revenue Board, was instructed by the High Court today to attend the hearing for the leave application for the judicial review on October 15.

By Sheeda Fathil SUBANG JAYA, July 23 — The Subang Jaya City Council (MBSJ) is looking to collect approximately RM331.03 million in revenue and taxes, compared to RM315.03 million last year Its newly-appointed Mayor Datuk Amirul Azizan Abd Rahim said that as of June, MBSJ had successfully...

KUALA LUMPUR, July 22 — Prime Minister Datuk Seri Anwar Ibrahim wants the Inland Revenue Board (LHDN) to increase efficiency and eliminate corrupt practices that result in tax revenue leakage.

By Siti Rohaizah Zainal SUBANG JAYA, June 21 — Selangor local authorities in Selangor are urged to prepare a report on plans to improve public facilities and service delivery once their new assessment tax rates come into effect in January next year. Subang Jaya assemblyman Michelle Ng Mei Sze...

KUALA LUMPUR, Jan 3 — Malaysian planters’ earnings in 2024 will likely be better than last year, owing to lower unit costs on lower fertiliser expenses and higher productivity, said Maybank Investment Bank (Maybank IB) today.

KUALA LUMPUR, Nov 30 — The Inland Revenue Board of Malaysia (IRB) will conduct continuous engagement sessions with various parties to obtain industry feedback to ensure that the e-invoicing implementation considers every requirement.

JOHOR BAHRU, Aug 2 — The Customs Department is targeting a total of 4,248 new eligible registrants who will make payments for sales, service, and tourism tax this year.