The Difference between a Contractor / Freelancer and an Employee
1. The decision to report a person’s income on Form E is based on whether or not he is an employee, not on whether there are EPF or SOCSO contributions or not. 2. As a result, the employer must determine if the individual is an employee, a contractor, or a so-called freelancer before proceeding. 🌻🌻🌻🌻🌻🌻🌻🌻🌻 […]
Individuals and Partnerships – Return for the Year of Assessment 2021
Filing Programme for Year 2022 – Individuals and Partnerships Program Memfail BN 2022 🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼 Latest Updates #近期更新 1. The Publication of MIA’s Practice Review Annual Report 2020/2021 [MIA 2020/2021年 的实践审查年度报告] https://lnkd.in/eRAErf68 2. Special Income Remittance Programme to Malaysian Residents [源自外国汇入马来西亚的收入 特别报税方案] https://lnkd.in/eqhVhXda 3. Post-implementation Review of IFRS 9 — Classification and Measurement [国际财务报导准则第9号之 施行后检讨 —分类及衡量] […]
Tax Treatment on Final Tax under Section 77C(1)
1. On 3 May 2021, the LHDNM issued a Practice Note to explain the Final Tax’s tax treatment under the provisions of subsection 77C (1) of the Income Tax Act 1967 (ACP). 2. The Income Tax Return Form (ITRF / BNCP) is optional to be submitted to IRBM by taxpayers with one Employment Income ONLY […]
