PUTRAJAYA, May 14 — The Inland Revenue Board (LHDN) of Malaysia reminded resident individuals not carrying on a business that the e-filing deadline for the Year of Assessment 2024 (YA 2024) is tomorrow.
It said this includes resident individual taxpayers like knowledge workers, skilled professionals, non-citizens holding key positions, and non-resident individuals.
In a statement today, LHDN said that other categories include non-resident individuals (knowledge workers), organisations, estates of deceased persons, and Hindu joint families.
e-Form submissions can be made via e-Filing through the MyTax portal at https://mytax.hasil.gov.my or through the official website at https://www.hasil.gov.my > MyTax > Perkhidmatan ezHasil > e-Filing.
It reminded taxpayers not to delay and to fulfil their responsibility in accurately reporting all income received via the e-Form and to make the required tax payments within the stipulated period to avoid penalties for late submission, tax increases, and legal action.
Taxpayers must also provide complete and up-to-date personal and banking information to ensure a smooth tax refund process.
LHDN emphasised that failure to submit the Income Tax Return Form and report actual income within the stipulated period may result in enforcement action under the Income Tax Act (ITA) 1967 provisions.
Under Section 112(1) of the ITA, failure to submit tax return forms or to declare chargeable income may result in a fine of between RM200 and RM20,000, imprisonment for up to six months, or both.
Additionally, taxpayers who submit the forms after the deadline may face a 10 per cent increase on the payable tax, as per Section 103(3) of the ITA.
— Bernama
