It’s that time of the year again for taxpayers!
We're not surprised to hear sighs and grunts everywhere because we understand how much of a hassle it can be to fill up the Income Tax Return Form (ITRF) every year, especially for those of us who just absolutely hate highly dislike numbers.
The good news is the Inland Revenue Board or Lembaga Hasil Dalam Negeri (LHDN) now allows your to file your taxes online via e-Filing.
Now there's even an option for individual taxpayers to submit your forms using your smart phones or tablets! You can download the m-Filing (Mobile Filing) application to your device and submit anytime, anywhere.
Let's begin your tax filing for the Year of Assessment 2017. Remember, even though you’re filing anytime between 1 March or 30 April 2018 (this is the deadline, btw), you will be filing for your income and expenses for the year 2017 only.
Before proceeding, you may want to cross check the amount of tax you need to pay against your chargeable income. Chargeable income doesn't mean your total annual salary or income. The amount is calculated after tax exemptions and tax reliefs (more on this below).
Here's a table provided by LHDN to help you out:
Now, let us walk you through each of the steps required with more details.