Personal Income Tax 2019 Malaysia
Here are the income tax rates for personal income tax in malaysia for ya 2019.
Personal income tax 2019 malaysia. For example let s say your annual taxable income is rm48 000. Calculations rm rate tax rm 0 5 000. However if you claimed rm13 500 in tax deductions and tax reliefs your chargeable income would reduce to rm34 500. Registering as a first time taxpayer on e daftar.
Based on this amount the income tax to pay the government is rm1 640 at a rate of 8. An approved individual under the returning expert programme who is a resident is taxed at the rate of 15 on income in respect of having or exercising employment with a person in malaysia for 5 consecutive yas. On the first 2 500. An individual who earns an annual income of rm34 000 after epf deductions an individual who earns income a business though gains or business profits if you fulfill the requirements then you are definitely taxable.
A qualified knowledge worker in a specified area currently only iskandar malaysia is taxed at the concessionary rate of 15 on chargeable income from employment with a designated company engaged in a qualified activity e g. Green technology educational services healthcare services creative industries financial advisory and consulting. You can file your taxes on ezhasil on the lhdn website. The deadline for filing income tax in malaysia is 30 april 2019 for manual filing and 15 may 2019 via e filing.