How to File Income Tax Malaysia (2024) | Step by Step Guide

[@Ayayron8923]

Rental income not only adding all the received rental but also need to deduct all the quit rent, repair cost, incurred interest for housing loan, etc

[@ZietInvests]

Ahhh how did i missed that! Thank you for the reminder!

[@TommyGan-h1f]

@Ayayron8923 Agree with you and I was waiting for this part as well.

[@SarawakLBB5]

​@@ZietInvests can you do one focus on income tax for rental plus salary income?

[@CodeCrafted1008]

This is super important. If u just key in without deducting, u will need to a pay extra taxes which u are not suppose to!

[@yenfahloo4196]

May I know, did the income from homestay (Airbnb) need to declare to LHDN too?

[@starpixel3998]

Hi, Love the video but can you please make a step by step guide for e-B form instead of e-BE? There arent any guides on youtube and it would be very helpful to have one thanks

[@kishanraajkathiraso6950]

Dear Brother Ziet, Thank you very much for creating this valuable video that helped me file my tax for 2023, This is the very first time I'm doing this as I just got employed last year after finishing my studies, I asked my dad, he was not willing to help me on this, anyways, I really appreciate and value your effort in this video. Sending my best regards for you. Stay Happy and Healthy. Cheers.

[@jkjy6471]

your dad indirectly teach you to fish instead of giving you the fish

[@archangelgenesis]

OMG exactly what i needed for ages, full step by step, all types . You truly are a savior Ziet. Keep it up

[@ZietInvests]

Yayyyyy so happy to know that😁😁

[@kevinanand1584]

Dudeeeeeee ur a legend la thanks so much I've been asking around and no one around me wants to freaking help me dude thanks so much. Also thanks for really educating people like me who have no one to learn things from I really appreciate it keep going yea!

[@ZietInvests]

Wooo my pleasure kevin🥰🥰

[@yaphao4544]

Thank you for your video, i am one of those "first timer" , so your video guide really comprehensive and walkthrough me to file my first income tax. Thank you

[@saoifchannel3352]

Thank you so much, i never do this stuff and the way you explain it, make it so simple. i was able to register, login, and declare my income tax in just one go. i absolutely grateful. Thanks alot

[@fun_funnky9555]

I had couple of doubts, apparently, got rid of after watching ur video, informative and properly advised step by step...thankyou!

[@ZietInvests]

wooo so happy to know that, glad this helped!!

[@moonhanaa]

My savior before the deadline, thank you for the detailed guide!

[@yechew24]

Hey Ziet! Dropping by to say: Thanks for your wonderful video! ❤ This is a lifesaver for me, clear and concise guides. Your channel really uploads tons of good stuff. Congrats on the new office allocation🎉 😉

[@ZietInvests]

Awww thank you so much for the kind words yechew! Do check out our other videos 🥰

[@C0C023a]

My friend, I want to express my deepest gratitude for discovering your channel! Words cannot capture how thankful I am (and I believe everybody else too) Your incredible content speaks volumes, and I encourage you to continue your journey of growth and evolution. Here's to wishing you abundant success and boundless happiness in all aspects of your life! 😁💪💰

[@TAUFIQKHAN]

if its say "BAKI CUKAI KENA DIBAYAR TAHUN TAKSIRAN 2023 : RM XXX:XX" thats mean i need to pay more? ths is my first time do tax filling

[@fuugotiong7950]

Dear Brother Ziet for 8:50 rental income is incorrect. You need to take rental which you collected on last year not simply X12 and minus the interest you paid for housing loan (exclude repayment) and all repair cost with receipt.

[@ric3c1oud]

Thank you so much for giving this step-by-step video ❤ Truly appreciate the effort, time and detail taken!!!!!!

[@yinkuen1691]

Ziet this is so detail. Very very good work

[@ZietInvests]

Thank you yin kuen!! Glad you liked it

[@yoga0212]

Thanks for sharing, the explanation is so systematic and clear!!! ❤ Please share it next year again. So helpful!!!Thank you so much

[@reginaregina8715]

Hi,Ziet. thanks for the detailed video. However, I have a query here. Under EA form, should I deduct ttl tax exempt allowance(under F) from gross salary? Thanks

[@lsvic]

11:15 once filled in this section ' parent's medical fee' , do we need to upload any document? the tax website never prompted me to upload documents of receipts...

[@ac2-s9g]

Hi Ziet, if you are a retiree for many years and LHDN has already been informed many years ago and since then, LHDN notified you that you need not fill up any income tax form anymore. Recently, you sold a house inheited from your parents more than 5 years ago. And you have only this house - 1 only. And LHDN sent you a letter indicating that you do not have any RPGT to pay meaning you are exempted from RPGT, do you still need to file an income tax form for this year ? Please advise Ziet. Thank you.

[@khoweewah5085]

Hi, can you please make a step by step guide for e-B form instead of e-BE? There arent any guides on youtube and it would be very helpful to have one thanks

[@familyz118]

Thank you so much, Follow your video step by step and I’m done Appreciate the effort to make this video 👍🏼👍🏼👍🏼

[@ZietInvests]

I'm glad this video helped you!! Do check out our other videos if you have the time ☺️ Otherwise, have a good week ahead!

[@sunny_n]

Thank you Ziet! Just wondering will you be making a video on how to file tax for sole prop too? 😬

[@ZietInvests]

Hi sunny, probably not already :x coz im already filing sdn bhd tax with my accountant this year, i dont have any screenshots/materials available for sole prop one

[@hhyoong1044]

For financial account in financial institution outside Malaysia, do we have to answer yes for tiger brokers, interactive brokers since they are not registered and not regulated by Malaysian authority? How about wise transfer?

[@ZietInvests]

hi, I personally answered yes (for IBKR, moomoo). Wise I think technically no need since they are virtual accounts - but never wrong to declare them!

[@blissfuly8375]

Statutory income includes bonus all those? And for education can it be online course subscriptions (udemy, skillshare)?

[@allthegoodnamesaretaken]

I will forever be grateful to you for this

[@andyhengpenghwa]

Im unemployed for 2 years, last year just sold off a property. Do i need to insert the income in this form? under which income section? last year was told by LHDN staff that declaration (year 2022) is not required as i had no income. This year i did it because i had disposed a property in 2023. Since im unemployed, do i still able to get the tax relief?

[@xueweigan3495]

thank you for the sharing , by the way I need to do the amendment after submission of form, for the part "Type of assessment", but found that they're not allowed me to switch from "joint in the name of the husband" to the individual and spouse that hope to elect for" separate assessment" instead.

[@nessajassasin1515]

The best financial ❤

[@ZietInvests]

thank you so much!

[@khoradele9003]

Thank you so much sir. Your video helps a lot!

[@muhammadluqmanhakimroslan1593]

How about dividen from Public Listed Companies on Bursa Exchange or the US exchange. Do we need to declare them?

[@ZietInvests]

Hi luqman, i believe dividends from companies listed on Bursa Malaysia are taxed under a single-tier system, which means the dividends paid to you by the companies are not taxed again in your hands. "All dividends distributed by Malaysian resident companies under a single-tier dividend are not taxable." Source: www.sc.com.my/api/documentms/download.ashx?id=d8d52671-5030-498b-8fb9-7eb7afb47df4

[@mirispangolin]

how to declare income from foreign stock trading? i know we dont have to pay tax for that, but i should delcare right?

[@a69z-z9x]

For the disposal of asset section, if I sold a house that I bought 10 years ago which shouldn’t kena RPGT tax. Am I still need to select YES on the “Disposal declared to LHDNM” ?

[@Waynsong92]

Could you show us how to actually make payment as well? If possible using credit card...I went to the page and there's several options. I dunno which to click .

[@raajboy]

Hi Ziet... Hopefully you can give me advise on this...for the year 2022 tax filling i made of error on my income tax. in year 2022 i have resign a job and join another company so i have 2 EA Form. IN the tax filling i only declare one EA form not both.. I did not plus both because i did not know and this is my first time and i was dump of not asking. Right now i cant amend on the website so what should i do? For the year 2023 all good, i just messed up 2022. HELP ME MAN. Thinking of emailing LHDM

[@WeissaG]

Hi Ziet! Could you do a video on how to file income tax as freelancer registered as sole proprietor?🥺

[@ZietInvests]

Hi weissa, hmmm my sole prop n sdn bhd was actually done with the help of accountant to save myself for the hassle 😆 can try accountants like L&Co if you have some spare cash; otherwise you can also DIY but won’t be as tax efficient/accurate

[@WeissaG]

@@ZietInvests Hey Ziet! thanks for replying! I just got an accountant to help me with it 😆actually feel so glad to have someone to clarify everything

[@AdrianHon-m1o]

Hi, need your advice.. with einvoicing, i now have to issue an invoice to my employer for the sales commission that i earn. What is your advice to reduce the income tax i have to pay to lhdn? Do i set up a sole proprietorship? My annual income is rm84k + rm100k commission = rm184k gross annual Income..need ur advice

[@sazali10]

Hi Ziet. I have both Sdn Bhd and Enterprise. To my understanding, I need to fill in eBE for Sdn Bhd and eB for Enterprise. Am I correct? Can they be combined into 1 form only?

[@yingL1551]

Hi what browser are you using? Even after allowing pop-ups, I can't access the "2023, e-Borang BE belum dihantar- Klik Disini Untuk Pengisian Dan Penghantaran". It keeps redirecting me to the log-in page again! Need help!

[@DayashniJeevananthan]

Hi ,may I know what's Baki cukai terlebih bayar (I've gt 2k plus mention there ) but jumlah balik is 0 ..am abit confused. Like ro I get a redemption? Tqq

[@narvin3]

Just wondering, if it's just me, but "Gaya hidup - Perbelanjaan untuk kegunaan / manfaat diri sendiri, suami / isteri atau anak" didn't they have sections last year the other one being this? Gaya hidup - Pembelian komputer peribadi, telefon pintar atau tablet untuk kegunaan / manfaat diri sendiri, suami / isteri atau anak dan bukan untuk kegunaan perniagaan, now they jumbled into 1??

[@SoulConnects]

Hi, thank you for the video. I am still lost for this will be my first time declaring income tax. I did Grab for a few months in mid 2023. In December 2023 i am now an employee. How do i declare my source of income for 2023?

[@brenl422]

Hi Ziet, can you please make a video on how to file tax for a solo day trader???

[@ZietInvests]

Hi bren, i dont day trade myself, let alone making it my main/sole income :x as far as i know its a gray area, but you can always call LHDN to check up with them

[@ooioe9784]

Many Thanks for your sharing. For those who are Retired & Unemployed, they should choose Form E-BE as well?

[@ZietInvests]

Hi there, i believe e-BE should be a suitable form for you if you have other sources of income that needs to be declared - otherwise can always call LHDN to check ya. Have a great day ahead!

[@iswary91jesha51]

Really usefull👍

[@ZietInvests]

Glad you liked it!

[@marxcyberian5765]

Hi Ziet Thanks for all these informative videos that you’ve been doing. By the way just want to ask you something. For self employed sole prop under borang B, does LHDN ask for all the record of supplier and customer invoices beside profit and loss statement? Since I dont have a complete record of it will I get a penalty fine and if yes do you know how much? Hope you can enlighten me please Thanks in advance 🙏🏻

[@ZietInvests]

Hello! When it comes to filing under borang B for self-employed individuals, LHDN typically expects you to maintain a complete record of transactions, including invoices from suppliers and customer invoices, along with your profit and loss statements. If there's a lack of complete records, there might be some risk of penalties, but it can vary. BUT then again, it depends if you're the lucky ones chosen for audit (not everyone will be audited)...but better safe than sorry right XD What I can suggest: try getting your supplier or customer to re-sign the invoice/delivery order, or something of sort - it will be very helpful when you need it in a pinch. Hope this helps!!

[@marxcyberian5765]

@@ZietInvests Thank you so much for taking the time to explain. Really appreciate it. You rock! 🫡

[@jeannietan6738]

Do u know if sales of your company shares must be declared in income tax?

[@88kenjitan]

Hey Ziet, does the Contribution of epf contribution refer to the EPF that most of us pay monthly? which i can get the amount from the EA form right?

[@ZietInvests]

Correct! And yes, you can find the total annual contribution amount on your EA form when it’s time to do your taxes☺️

[@Waynsong92]

Thank you!!!!

[@ZietInvests]

You're welcome!

[@bgviews]

Hi sir my name is Balaji 2024 nov I will resign my job in Johor Bahru I cleared LHDN now I apply another company but they say you can't complete income tax I will see in my account that one showing overpaid amount. After hasil also send me clearance letter their is no arrears they mention but immigration ask give some other documents so I have no idea so please help what I will proceed and how to download on it thank you I am waiting your reply...

[@lynntan2567]

The total income is it include my EA form and my personal company income , and just add up?

[@Sunflower2412]

Anneee thanks ... you are damn ..... i got it well ..

[@ZietInvests]

No problem!! Glad this helped you😊

[@andersonpang2921]

financial account in financial institution outside Malaysia Do you file for capital gains out of malaysia too? thank you

[@ketam]

Ok bro , thanks for the info .

[@ZietInvests]

Glad you found it useful! 😁

[@lindc1070]

Am not able to complete mine . My spouse is Singaporean and although I chose the Passport option I keep getting the New IC no. Invalid message. Can anyone help me?

[@occ9733]

My husband passed away, the condominium still renting, shall i submit as a other income?

[@520lun]

I have 2 questions As first timer fill tax, if I am a part time freelancer with main employment job, do I just declare my freelance income on Non-Employment Income of Preceding Years Not Declared? Or is the freelance income/ Statutory Income from Sources of Interest, Discounts, Royalties, etc.? If my freelance is art related, I hear that are at least RM10k to RM20k tax exemption so I dont need to file them if it didn't exceed the threshold?

[@selinatee7449]

may i ask on the payment of installment , rental that part . izit can claim house installment?

[@ZietInvests]

Hi Selina, as far as my knowledge goes, if you're renting out the property, you can deduct expenses related to rental income, such as loan interest, from your taxable income. Do give LHDN or an accountant (can google) a call to double check ya

[@yogeshgoyal3294]

I am an expat and I haven't received the return from the income tax department. It's been more than 3 months. I have already left Malaysia and now I am in Singapore. I have mailed the LHDN officers multiple times but they are replying back so please help me how to get my refund money.

[@richsi8380]

I have retired for 2 years already. Do I still need to submit my returns since I do not have any income anymore

[@sngs9565]

Hi Ziet, i) How about being unemployed and using savings to pay monthly donations to Unicef etc, etc. Could we still input my Statutory income as '0" right? ii) Also, in another scenario, if a Business owner (Sdn Bhd) can we still use Borang BE to declare individual income (if any), since we declare our business income using Borang E? iii) How about having Sofi HK (apps) and buying US stock via it, will that be considered as "Financial accounts outside of Malaysia?" How about the Crypto accounts such as Luno (Malaysian-based), or Binance, and Coinbase (both outside of Malaysia)...Should we put a YES? Please advise and thank you for all the hard work that you & your team put in to create such an amazing channel! 🙏

[@ZietInvests]

Hi! i) yup! if you're unemployed and don't have any income, generally yes, you would report '0' for income. ii) for business owners using a Sdn Bhd structure, you'd typically use Borang E for the company's tax, while personal income from the company (like your salary) would be declared with Borang B (individual with business income). iii) As for investing in US stocks through apps or holding crypto with platforms outside of Malaysia, these could fall under 'Financial accounts outside of Malaysia'. It's always best to be transparent and report these accounts, so checking 'YES' would be the safest option. Hope this helps!

[@sngs9565]

Thank you, Ziet! You deserve more subs! 🙏😃

[@yewbtang1848]

I'm not rich but I live a very modest lifestyle. As a result, I have minimal financial commitments. If targeted subsidies are based on net disposable income, I think there's less chance of me receiving the subsidies. I should have opted for a more lavish lifestyle and incurred more debts during the past year! So, isn't it obvious that this basis for targeted subsidies is flawed?

[@ZietInvests]

Hi yew, you do have a point, the mechanism (while yet to be clearly defined) should also take into account of the taxable earnings bracket like LHDN to be “more fair”? Well…

[@rndchan1405]

hi Ziet Guru, I need advice on "Life insurance and EPF" relief. I made more than RM10k for the EPF Compulsory contribution (company salary deduction) in 2023.Hence for the "- Contribution to EPF (voluntary or compulsory) / approved scheme" I would submit RM4k in full for relief. The confusion is on the "- Life insurance premium / Contribution to EPF (voluntary)" . whether can i claim all the RM3k ?? since there is still a balance of RM6k excess Please advise hopefully by 14May..... thanks in advance

[@a69z-z9x]

For the interest from bank also need to declare ? I thought interest from bank is not taxable in Malaysia

[@ZietInvests]

Those no need ya, the clause probably refers to those dividends/bond interests

[@TheColby988]

How come you didn't touch on "Tax borne by employer"?

[@muizdarul_]

hi Ziet. I am still confused, got notification to download the Tax Form from Interactive Brokers. if my country do not require the residents to pay tax and do not issue any TIN, just ignore the Tax Form?

[@ZietInvests]

hi quiz, thats correct, can just ignore it if you're not from a country that requires you to declare your foreign investment income

[@muizdarul_]

@@ZietInvests thanks for the clarification sir, appreciate it much 👍

[@wonderland8957]

How about the hotels? Which section should I key in the amount?

[@ZietInvests]

Hi, as far as I know tourism/travel is no longer claimable for FY 2023 (but please double check yea)

[@hairulazhar1606]

Bos.. kalau ada dua pendptn. Satu dr kerja kerajaan. Satu lg dr tuisyen.. mcm mana nk isi

[@ZietInvests]

Boleh isi je dalam “dan lain lain”

[@moombapoomba6036]

I have a full-time office job, but I also have a side income from doing shopee commission and advertisement from from my blog website. Do I have to declare those side income when I file my income tax? If so, which section in the e-BE form do I declare those side incomes? Thank you ya.

[@ZietInvests]

In my opinion, yes, side income from Shopee commissions and ads on your blog should be declared (since they are considered business income, and your business is conducted in Malaysia). You can report this under "Other Income" in the e-BE form. It’s good to keep records of everything, just to be safe - but also feel free to double check this with an acocuntant yeah

[@moombapoomba6036]

@ZietInvests I don't see "Other Income" written anywhere in the e-BE form. However I see "Statutory income from interest, discounts, royalties, pensions, annuities, other periodical payments, and other gains and profits." Is that where I should declare my shopee and blog side income? What if my side income is tens of thousands of ringgit, e.g. RM50k per month?

[@Leon-mv6se]

Want to ask if want filing for company, but director of company is Singaporean, how to apply and log in?

[@ZietInvests]

Hi Leon, i might be wrong, but as far as my knowledge serves: if the director of the company is Singaporean, you'll need to follow a slightly different process. Usually you should use the company's Unique Entity Number (UEN) and the director's SingPass to log in to the relevant e-filing portal. If it's for filing in Malaysia, you might need to register with the Inland Revenue Board of Malaysia (LHDN) and use the MyTax portal. Do give LHDN a call, their officer would be able to guide you to do it properly yea

[@ajeetmishra3007]

Can any one tell me in Malaysia . How many days usually it will take to get refund in bank account. As I have filed on 4/03 . :)

[@ZietInvests]

Usually about 1 month +-

[@ajeetmishra3007]

Thank you :)

[@keepcalm4444]

last year i resigned from local company in october23, and join singapore company in nov23 as a freelance accountant (remote from m'sia) and i receive my salary every month as a whole without any deduction from the singapore company, how should i declare it? should i combine the singapore salary with the amount in EA from my local employer? or should declared the singapore salary separately under "Other statutory income from sources outside malaysia received in malaysia"? Thanks

[@Zuh3r]

Declare separately

[@ZietInvests]

I think for your income from SG, you can declare it separately under "Other Statutory Income" since it's foreign-sourced (do give LHDN a call to double check ya)

[@MondayMmonster]

Hi Sir, May I know that if the new filer is only doing freelance work, but not exactly a business owner, which form should they fill?

[@ZietInvests]

Hey there! If you're doing freelance work, you'd typically fill out the BE form, which is for individuals without a business source - you can declare your freelance income under "Other Income." Hope this helps!

[@hueyyong1928]

​@ZietInvests , 'other income' is the column after statutory income from source of rents in Malaysia ？and do we need to keep any documents for the part time as evidence to IRB?

[@guoqiang7215]

I have key in the incorrect gross income amount, and I have submitted the form, can i request to refill the form again ?

[@ZietInvests]

Can can, just redo the process but choose amend the submitted form

[@audreysin7363]

Pls advise can I submit Indah water bill for exemption in my income tax. Thks

[@onigiri5239]

hi sorry do you know what to fill in for the section 107d?

[@ZietInvests]

Hi onigiri, personally, I put in 0. If I'm not mistaken, this section is for those who have received income from being an agent, dealer, or distributor, where the companies have withheld a 2% tax from their earnings. If this applies to you, simply report your gross income for these activities. I hope this makes things more clear!

[@onigiri5239]

@@ZietInvests thank you so much Ziet! Your video is a godsend

[@jasonxjia84]

There is no tax for capital gain for foreign, in particular US stocks right?

[@ZietInvests]

As far as i know, nope 😁 its a grey area

[@jasonxjia84]

@@ZietInvests Thanks for the prompt reply... Grey area! 😄

[@ZietInvests]

@@jasonxjia84 yeah, there's only tax exemption on foreign investment income - but doesn't clearly cover "capital gains"

[@evelee765]

Hi, when I log in, the next page appear is pembaharuan sijil. Choose Ya o Tidak What is this means?

[@ZietInvests]

Hello, i think its asking if you'd like to withdraw a certificate / personally didnt encounter that, if you're not sure whats that can choose Tidak

[@ZietInvests]

Have you filed your income tax?👀

[@taufiqmahari212]

You kidding me? I found this vid 2 days after I filed haha. Its ok. A lot I can improve for next year. Thanks Ziet. Love you content.

[@ZietInvests]

@@taufiqmahari212 aiya xD my apologies, we've been trying to rush this video out as soon as possible but things came in between our way

[@PaulineL.]

Hello, you make YT videos, monetized them and get paid by Adsense. Where in the form do you enter the amount?

[@ZietInvests]

Hi Pauline, i file them separately under my Sdn Bhd revenue this year. Previously i do it under sole proprietor Borang B - business income. If you dont have either of those, you can do under Other Income (Dan lain lain) under your employment income

[@PaulineL.]

@@ZietInvests Noted with thanks.

[@angela35309]

does moomoo malaysia consider financial account outside Malaysia?

[@ZietInvests]

Moomoo MY is a local financial institution under Futu Malaysia Sdn Bhd, so nope!

[@Alex-rv8gw]

how to submit the receipt for tax relief

[@ZietInvests]

no need to submit receipts ya, just keep it yourself, they might want to audit you sometime in the next 7 years (if you're chosen for audit)

[@SarawakLBB5]

Just curious does ACCA or CLP 1) exam fee eligible? 2) course fee eligible?

[@ZietInvests]

Hi hi, i believe both of these can be claimed as deduction if they are related to your current field of work - but best give LHDN a call just to confirm it ya

[@BigFatMambaa]

42k views,

[@syedshiro6209]

does fresh graduates need filling e filing also?

[@ZietInvests]

fresh grad or not, as long as you are enrolled under PCB (income tax prepaid) by your employer then yes!

[@bryan6374]

If I am running a sole prop, is this video still applicable?

[@ZietInvests]

This is for borang BE tho, sole prop is Borang B (basically BE but added business segment)

[@bryan6374]

@@ZietInvests Would love to see a video specifically on how to file Borang B 🙏🏻

[@sy4832]

what to do if i file my salary wrongly.

[@ZietInvests]

Hi sy, i believe you can file an amended tax return if you login to the e-filing system. If not mistaken, its: LHDN e-Filing login > e-Borang -> select submitted form > choose Amendment/Kemaskini

[@Everydaykaen]

Have you guys received already tax refund? 😅

[@_slier]

thats why i dont pay tax.. sheet so confusing

[@ZietInvests]

🤣🤣🤣

[@summerbreeze5115]

Does IBKR support account dormancy if you don't invest for 10-15yrs?

[@ZietInvests]

Hey there! Yep, IBKR does allow for account inactivity over long periods, do check their website or reach out to their customer support to confirm this!

[@summerbreeze5115]

@@ZietInvests thank you so much

[@artbuddy-xh8so]

NEW ROOM TAX FOR ALL FOREIGNERS..Just to let know I will not be going there ever again because it's DISGUSTING JUST ROBBING TOURISTS I JUST PAYED A THE HILTON ..BYE BYE MALAYSIA FOR ME.

[@ZietInvests]

👀