Tax season is here! Whether you’re an individual taxpayer or a business owner, staying updated on tax reliefs, filing deadlines, and compliance rules can help you maximize savings and avoid costly penalties.
Key Tax Reliefs for Individuals
LHDN’s EDUZONE platform makes it easier to access tax reliefs for this tax season. Here are some key deductions you should take advantage of:
Medical Expenses (New Addition – Dental Treatment!)
- You can now claim dental treatments under medical expenses.
Lifestyle Relief Expansion (Up to RM2,500!)
- Gym Memberships – Stay fit while saving on taxes!
- Sports Training Fees – Training by recognized clubs or associations is now claimable.
- Skills & Self-Improvement Courses – Upskill and invest in yourself while receiving tax relief.
Zakat & Charity Rebates
- You can claim zakat fitrah, income zakat, and gold zakat as a tax rebate.
Tip: Keep all receipts and supporting documents to ensure accurate claims during tax filing.
Filing Deadlines & Extensions
For Non-Business Individuals
- Form BE: 30th April 30 2025
- E-Filing Extension: Until 15th May 2025
For Business Owners
- Form B: 30th June 2025
- E-Filing Extension: 15th July 2025
Common Mistakes to Avoid
Missing the deadline – Late filings get hit with a 10% penalty.
Underreporting income – Can result in fines up to 300% of the undeclared amount.
Not keeping records – LHDN may request proof of expenses, so keep your receipts!
How to File Your Taxes Easily
- Use EDUZONE – Browse LHDN’s EduZone for guidance.
- File via MyTax – Use MyTax Portal for E-Filing.
- Get Expert Help – Unsure about deductions? Consult a tax professional for a smooth filing process!
Final Thoughts
Staying informed on tax reliefs can help you save more and avoid penalties this tax season. Make sure to file on time, claim what you’re eligible for, and keep proper records.
Need help navigating your taxes? Contact us to consult with a tax professional!
Email: tax@battchoo.com
Phone: +603-78809918
Website: https://www.battchoo.com/