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Archive for the 'Tax Management' Category
Tax Saving Tips for Rental Property Investment in KL Malaysia: Claim Vacancy Allowance
1 Comment | April 27th, 2010How to save tax on rental property income in Kuala Lumpur, Malaysia? According to the official portal of Kuala Lumpur (DBKL), house owner is actually can apply for a “Vacancy Allowance” for properties that unable to be rented on condition that he write-in to apply it within 7 days of the property becoming vacant and [...]
What is the Property Tax Rate in Malaysia?
No Comments | October 27th, 2009How is property tax determined for foreigner buying property in Malaysia? Surprisingly, both foreigner and local will be imposed the same property tax rate effective from 1 Jan 2010 as according to the announcement of latest Budget 2010 Malaysia by government. Real Property Gains Tax (RPGT) at a fixed rate of 5% will be imposed [...]
How to Claim Back Overpaid Income Tax from LHDN Malaysia
2 Comments | May 6th, 2009Received any letter from LHDN informing that your are not allowed to claim back overpaid income tax as your account did not indicate any figure available for the claiming? Recently, my friend received a letter from LHDN. “akaun tuan tidak menunjukkan apa-apa baki kredit yang boleh dibayar balik” Hassle E-Filing I’m scratching my head and [...]
