With technology at our fingertips, not every message is as innocent as it seems. Imagine receiving a text message that claims you owe back taxes and are going to be black listed! Could these alarming messages really be a new tactic used by scammers to prey on unsuspecting people? Verdict: TRUE The Inland Revenue Board of Malaysia (LHDN) has alerted...
AS the adage goes, the only thing certain in life is death and taxes. Yup, It's that time of the year again to file your income tax. A recent post on TikTok, however, claimed that the Inland Revenue Board (LHDN) is introducing a new monthly tax deduction system which will result in higher taxes. Is this...
PETALING JAYA: Despite companies grappling with the mandatory adoption of e-invoicing, the Inland Revenue Board (LHDN) is not planning to extend the Feb 1 soft-landing deadline. Companies under the first phase of the e-invoicing roll-out will be subject to a fine of between RM200 and RM20,000 or imprisonment for up to six months for each instance...
PETALING JAYA: Individual taxpayers need to submit their income tax returns via e-filing beginning from the assessment year 2024, says the Inland Revenue Board of Malaysia (IRB). It said this also applies to those in the categories of partnerships, Hindu joint families, associations and deceased persons' estates. "Consequently, IRB will no longer accept submissions manually or via...
PUTRAJAYA: The Inland Revenue Board (LHDN) is urging all taxpayers who have participated in the Special Voluntary Disclosure Programme (PKPS) 2.0 to make full payment according to the installment schedule set, on or before Dec 31. In a statement on Thursday (Dec 19), LHDN said that failure to settle payments within the specified period may result...
PUTRAJAYA: The Inland Revenue Board (LHDN) has imposed travel restrictions on 203,123 individuals and companies as of Nov 30. In a statement on Tuesday (Dec 10), LHDN said the number included 175,656 individuals with arrears under Section 104 of the Income Tax Act (ACP) 1967, as well as 12,205 individuals with tax arrears under Section 22...
PUTRAJAYA: The Inland Revenue Board (LHDN) has imposed travel restrictions on 203,123 individuals and companies as of Nov 30. In a statement on Tuesday (Dec 10), LHDN said the number included 175,656 individuals with arrears under Section 104 of the Income Tax Act (ACP) 1967, as well as 12,205 individuals with tax arrears under Section 22...
PUTRAJAYA: Following the availability of the MyInvois Portal for taxpayers in June, they can now issue e-invoices through the ‘MyInvois’ application on their smartphones at any time, according to the Inland Revenue Board (LHDN). In a statement today, LHDN announced that the MyInvois app is available for download across all operating system platforms, including the App...
IN TODAY'S digital world, receiving unexpected messages from high-profile individuals may seem intriguing, but caution is advised. Recently, messages have surfaced on WhatsApp, allegedly from the Chief Executive Officer of the Inland Revenue Board (LHDN). Is it true that someone is impersonating the LHDN's CEO to spread misinformation? Verdict: TRUE LHDN has clarified that it has never issued any statement...
KUALA LUMPUR: Datuk Seri Dr Wee Ka Siong has called on Prime Minister Datuk Seri Anwar Ibrahim to urgently address the ongoing tax dispute involving Universiti Tunku Abdul Rahman (UTAR). The MCA president pointed out that only the Prime Minister, who also holds the role of Finance Minister, has the authority to annul or overturn the...
