Malaysia Statutory Update
- Update on Tax Exemption for Compensation for Loss of Employment
Updated the Tax Exemption capping per full-service year for Compensation for Loss of Employment
Revert the income tax exemption limit for compensation for loss of employment from RM 20,000 (for Year Assessment 2020 and 2021 only) to RM 10,000 for each completed year of service.
- Update on Lampiran B - Swasta
Updated Lampiran B – Swasta to the latest template.
Update on Declaration of PCB Amount Paid by Employer
- Update on EA form to allow user declares PCB Amount Paid by Employer in next basis year.
As per LHDN Public Ruling No. 11/2016, current year income tax borne by employer shall be declared in next basis year instead of in current year.
This amount will be captured in EA form Section B-1(d) Cukai Pendapatan yang dibayar oleh majikan bagi pihak pekerja.
If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.
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