Individual income tax compliance under Form B applies to self-employed individuals, sole proprietors, partners, and individuals with multiple or non-employment sources of income in Malaysia. Filing Form B can be complex due to the variety of income streams involved, such as business income, professional fees, rental income, commissions, investments, and foreign-sourced income. Any inaccuracies, omissions, or unsupported claims may lead to penalties, additional tax assessments, or further scrutiny by the Inland Revenue Board of Malaysia (LHDN).
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Review and identification of all taxable income sources to ensure complete and accurate disclosure
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Preparation of income tax computations in accordance with the Income Tax Act 1967
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Verification of allowable expenses, personal reliefs, rebates, and tax deductions
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Review of business records, bank statements, and supporting documents for self-employed individuals
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Identification of potential compliance risks and inconsistencies before submission
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Timely preparation and electronic submission of Form B to meet statutory deadlines
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Advisory on record-keeping requirements to support declared income and claims
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Assistance with responding to LHDN queries or clarification requests after filing
Our Individual Income Tax Compliance (Form B) service is designed to provide clarity and confidence to individuals who face complex tax reporting obligations. With extensive experience handling individual tax matters across various professions and industries, we understand common issues that attract LHDN attention, such as unexplained income variances, excessive expense claims, and inconsistencies between personal and business records. We take a careful and structured approach to ensure that all income is properly reported and that claims are supported by valid documentation.
Proper Form B compliance not only reduces the risk of penalties and audits but also provides individuals with a clearer understanding of their tax position. If you require professional assistance to manage your Form B filing accurately and in accordance with Malaysian tax laws, experienced guidance can help ensure peace of mind and long-term compliance.
