KUALA LUMPUR: The Inland Revenue Board (LHDN) has launched a 10-day tax compliance operation codenamed "Ops Titan" to strengthen enforcement against tax non-compliance. In a statement on Monday (Aug 11), LHDN said Ops Titan was launched following the emergence of certain parties using aggressive tax planning to evade taxes in terms of transactions between related groups...
KUALA LUMPUR: There are no plans to implement a single tax agency by corporatising and merging the Royal Malaysian Customs Department and the Inland Revenue Board (LHDN), says Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is also Finance Minister, said the government remains committed to improving governance in the national taxation system to be more...
PUTRAJAYA: The Inland Revenue Board (LHDN) has announced that all employment contracts between employers and employees must be stamped with effect from Jan 1 next year. This directive is in line with the phased implementation of the Stamp Duty Self-Assessment System as outlined in Budget 2025, it said in a statement on Friday (June 6). ALSO READ: ‘Stamp duty...
PETALING JAYA: The requirement for all employment contracts to be stamped by the Inland Revenue Board (LHDN) could impose significant financial and administrative burden, especially on small and medium enterprises (SMEs), say industry players. They said companies with high staff turnover would also be affected. Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai said...
PUTRAJAYA: The Inland Revenue Board (LHDN) Foreign Taxpayer Branch (CPCA) counters will officially operate at Level 9, Block 10, Government Building Complex, Jalan Tuanku Abdul Halim, Kuala Lumpur, starting Thursday (May 1). In a statement on Wednesday (April 30), the board announced that the operating hours of CPCA for consultation services are from 8am to 5pm...
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...
