Individual Tax Relief for YA 2018

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As a tax payer who is liable to to be taxed, your responsibilities are:-

1. Declaring income and claiming expenses.
2. Computing your income tax payable.
3. Filing your Income Tax Return (ITRF) to LHDN via e-filling or over the counter at any LHDN Branches.
4. Paying your tax payable.
5. Keeping record for 7 years from the end of the year in which the ITRF is filed for future audit purposes raises by LHDN.

For document that should be kept for 7 years, please refer and click to this link:Documents to be kept for 7 years.

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Tax relief are expenses that can be claim by individual tax payer to reduces their tax payable. You can refer to the list of expenses below for tax relief YA 2018 :-

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With proper tax planning, you could do tax saving by taking advantages of this tax relief and reduces your tax payable.

If you want to know more on the tax planning and how you could do your tax saving, give us a call at 088-396 699.

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