Category Archives: Income Tax

Optimising Your Tax Position

Posted on December 27, 2012 by David Lee

It has been said that time and tide wait for no man, How time flies and it is now less than 5 days to the end of the year. It is an opportune time for us to review the reliefs/ … Continue reading →

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Will Salary Increment Brings Higher Tax?

Posted on July 29, 2011 by David Lee

A friend of mine who is Senior Manager of manufacturing industry recently got a pay rise of RM500, which increasing his monthly income to RM10,500 and putting him in a much higher tax bracket. He came back to me to … Continue reading →

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Do Malaysian Bloggers Have To Pay Income Tax?

Posted on July 14, 2011 by David Lee

The tax laws is different from country to country and in the Malaysia, the income from blogging or any internet business is generally taxable. Based on the taxation rules, all income realized from whatever source is considered a taxable income. … Continue reading →

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Calculate Your Income Tax 2010

Posted on March 9, 2011 by David Lee

Oh yeah…April is coming soon! I guess it will be another busy month for those who need to declare their income to Inland Revenue Board (IRB) for their individual income tax before 30th April 2010. Income tax for the year … Continue reading →

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Tax Relief for Transportation Allowance

Posted on September 29, 2010 by David Lee

Generally, fixed allowances provided by an employer are considered as taxable income while work-related expenses are generally not brought to tax. Let say you went on an outstation trip and incurred expenses on accommodation, petrol and toll. You spent RM1k … Continue reading →

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