Friday, September 11, 2009

30th April deadline

30th April deadline, thats the deadline for all individual that are salaried employed with no other business income.


If you also have other side incomes like dividends, rental collection, FD interest (this has been exempted from Year of Assessment 2008), royalties, etc, etc, you also file your taxes on 30th April every year, until the Ketua Pengarah (Ketua Pengarah Hasil Dalam Negeri - Head of Malaysia Tax Board) say so otherwise.


If your Income Tax file no. starts with "OG" and you are salaried employed or with no other business income, you still file your taxes by 30th April every year.


If your spouse runs a business venture as a sole proprietor or a partnership and you are paid wages/salary/allowances, you still file your taxes by 30th April every year.


You only file your taxes by 30th June yearly only if your business ventures requires a Balance Sheet and Profit & Loss Account to be prepared. If whatever you are doing does not require the preparation of this two key things, you file your taxes by 30th April every year.


If you give tuition - file your taxes by 30th April every year.
If you drive a taxi - file your taxes by 30th April every year.
If you earn commission - file your taxes by 30th April every year.


Basically it has to be an income earn on a continual basis, more or less.

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