1. The IRB has released the Filing Program for the year 2022. According to the filing program, the statutory filing and tax payment due dates, as well as the grace period and manner of submission for the various return forms, are all specified.
2. It is available on the IRB’s website at www.hasil.gov.my (Forms > Filing Programme for the Year 2022).
3. This Filing Program also addresses the following:
1. When a fixed asset is purchased, it is not recognized as an expense on the Income Statement.
2. The asset’s total value is represented on the company’s balance sheet.
3. Over the useful life of an asset, its cost becomes an expense as its value decreases each year. The reduction in the value of the asset on the balance sheet at this point will be reflected as a depreciation charge on the Income Statement.
4. Accumulated depreciation is a balance sheet credit balance, It is the entire cost of an asset that is expensed over its useful life on the income statement.
5. Please read more in the illustration
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Bookkeeping – Everybody Can Do It / #簿记 – #人人都能做到系列
1. This method is a slightly more complicated way to depreciate an asset. It lets you write off more of an asset’s value in the days immediately after you buy it and less later on.
2. However, if the rate of depreciation is not acceptable, complete depreciation may not be provided at the end of the asset’s useful life.
3. Additionally, when utilizing this method, the asset’s useful life should be considered. If an asset is only used for two months out of the year, depreciation is only charged for those two months.
4. Formula: Book Value at the beginning of the year * Rate of Depreciation
5. Please read more in the illustration
🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻
Bookkeeping – Everybody Can Do It / #簿记 – #人人都能做到系列
1. The IRB has released the Filing Program for the year 2022. According to the filing programme, the statutory filing and tax payment due dates, as well as the grace period and manner of submission for the various return forms, are all specified.
2. It is available on the IRB’s website at www.hasil.gov.my (Forms > Filing Programme for the Year 2022).
3. The statutory income tax filing deadlines for Real Estate Investment Trusts / Property Trust Funds, Business Trusts:-
👉 Within 7 months from the date following the close of the accounting period which constitutes the basis period for the year of assessment
👉 e-filing is not applicable
4. The Inland Revenue Board also has good news for taxpayers with regard to the grace period:-
1. The IRB has released the Filing Program for the year 2022. According to the filing programme, the statutory filing and tax payment due dates, as well as the grace period and manner of submission for the various return forms, are all specified.
2. It is available on the IRB’s website at www.hasil.gov.my (Forms > Filing Programme for Year 2022).
3. The statutory income tax filing deadlines for Unit Trusts / Property Trusts, Co-operative Societies, and Trust Bodies:-
👉 Within 7 months from the date following the close of the accounting period which constitutes the basis period for the year of assessment
4. The Inland Revenue Board also has good news for taxpayers with regard to the grace period:-
1. The IRB has released the Filing Program for the year 2022. According to the filing programme, the statutory filing and tax payment due dates, as well as the grace period and manner of submission for the various return forms, are all specified.
2. It is available on the IRB’s website at www.hasil.gov.my (Forms > Filing Programme for the Year 2022).
3. The statutory income tax filing deadlines for Companies, Limited Liability Partnerships:-
👉 Within 7 months from the date following the close of the accounting period which constitutes the basis period for the year of assessment
4. The Inland Revenue Board also has good news for taxpayers with regard to the grace period:-
1. The IRB has released the Filing Program for the year 2022. According to the filing programme, the statutory filing and tax payment due dates, as well as the grace period and manner of submission for the various return forms, are all specified.
2. It is available on the IRB’s website at www.hasil.gov.my (Forms > Filing Programme for the Year 2022).
3. The statutory income tax filing deadlines for Resident Individuals (Knowledge Workers / Expert Workers / Non-Citizen Workers Holding Key Positions) and Non-resident Individuals (Including Knowledge Workers) are:-
👉 30 April if Do NOT Carry On Business
👉 30 June if Carry On Business
4. The Inland Revenue Board also has good news for taxpayers with regard to the grace period:-
1. The IRB has released the Filing Program for the year 2022. According to the filing programme, the statutory filing and tax payment due dates, as well as the grace period and manner of submission for the various return forms, are all specified.
2. It is available on the IRB’s website at www.hasil.gov.my (Forms > Filing Programme for the Year 2022). 3. The statutory income tax filing deadlines for Associations, Deceased Persons’ Estate, and Hindu Joint Families are:-
👉 30 April if Do NOT Carry On Business
👉 30 June if Carry On Business
4. The Inland Revenue Board also has good news for taxpayers with regard to the grace period:-
