E-filing only for income tax returns from YA2024, says Inland Revenue Board

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...

Less than four months left for voluntary disclosure, LHDN reminds taxpayers

PUTRAJAYA: Taxpayers nationwide have been reminded to use the ongoing Special Voluntary Disclosure Programme (SVDP) 2.0 to improve their tax compliance status. The Inland Revenue Board (LHDN) said they have less than four months to do so as SVDP 2.0 will end on May 31. It said that as of Jan 31, it had received 64,748 voluntary...