Wednesday, April 7, 2010

Type of income which included in Income Tax

Sumber:http://www.rmvalues.com/blog/2010/04/07/type-of-income-which-included-in-income-tax/
If you remember, we told you that earning from oversea and internet are not require to pay income tax in Malaysia. Today we will included all kinds of income which require you to pay income tax, if you are eligible to pay income tax.
Generally, all of your earning generated in Malaysia, you as a taxpayer will have to pay income tax. Those income included from:
Business or Profession
Employment
Dividends
Interest
Discounts
Rent (house rent, car rent, shop rent, Land rent and all other rents)
Royalties
Premiums
Pensions
Annuities
Others
However, some of them like Dividends, Interest, Premium pay by banks, share, lotteries and so on are already deducted the tax, so you just declare them and don’t need to pay the tax again.


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