u/Still-Research-1878

Budget 2027: What actually matters for our income tax?
▲ 10 r/MalaysianTax+1 crossposts

Budget 2027: What actually matters for our income tax?

Been looking through the Budget 2027 announcements & a few things caught my attention.

Some of the proposed changes that could affect individual taxpayers include:

  • Individual tax relief: The basic relief is set to increase from RM9,000 to RM12,000.
  • Tax rates: Some tax brackets are getting rate changes, so the impact depends on your chargeable income.
  • More relief categories: Things like AI subscriptions, tuition fees, certain care expenses & pet-related expenses were mentioned.
  • Gig workers: There are also measures involving EPF and SOCSO contributions.

Of course, an announcement doesn't automatically mean you can claim it right away. We'll need to see the implementation details and official LHDN guidance before making any claims.

Personally, I think the interesting part is whether people will actually take advantage of these reliefs or just forget about them until tax filing season comes around. 😂

How many of you actually track your tax reliefs throughout the year, instead of scrambling to find receipts when e-Filing opens?

u/Still-Research-1878 — 6 days ago
▲ 23 r/MalaysianTax+1 crossposts

It's still possible that some due in tax even after deduction of monthly income tax

A lot of people assume that if PCB (monthly tax deduction) is already being deducted from their salary every month, they’re done with their tax.

Not necessarily.

PCB is basically an estimate of your tax throughout the year. When you actually submit your tax return, your final tax is calculated based on your total income, reliefs, rebates, and other factors.

So you can still end up owing some tax even though PCB was deducted every month.

It doesn’t necessarily mean your employer did anything wrong. Sometimes the monthly deduction simply wasn’t enough to cover the final amount.

u/Still-Research-1878 — 7 days ago
▲ 0 r/MalaysianTax+1 crossposts

A new community for Malaysians to talk about tax.

Got a tax question?
Confused by LHDN?
Don't understand your tax relief?
Just want to rant about paying tax? 😭

You're in the right place, come & join us as Victims

No need to be a tax expert.
No question is too basic.

This is a safe space to rant about tax.

r/MalaysianTax

u/Still-Research-1878 — 11 days ago

Saya buat app boleh tolong jimat duit bayar cukai 😅

Finally, lepas beberapa lama buat, Fiskal dah live dekat Apple App Store 🎉

Basically app ni saya buat untuk bantu orang Malaysia yang selalu pening nak faham pasal cukai 😂

Contohnya, Fiskal boleh bantu kita check pelepasan cukai yang boleh dituntut, kira anggaran cukai dan tengok macam mana nak maximize claim yang memang kita layak dapat.

Sebab saya rasa ramai sebenarnya bayar cukai lebih daripada yang sepatutnya sebab tak tahu apa yang boleh claim.

Bukan nak ajar orang elak cukai ya 😂 — cuma nak bantu kita bayar cukai yang betul, dan jangan terlepas claim yang memang kita layak.

Saya baru launch, so masih banyak benda nak improve.

Kalau ada yang nak cuba, boleh search Fiskal dekat App Store. Kalau ada feedback atau feature yang korang rasa patut ada, let me know 👌

https://apps.apple.com/my/app/fiskal-malaysia-tax-refund/id6798135605

u/Still-Research-1878 — 1 month ago