It\u2019s tax season again. Taxpayers can file their income tax assessment via e-filing from March 1.<\/p>\n
The Income Tax Return Form and the tax must be submitted within the stipulated period to avoid late penalty or late payment charges, said the Inland Revenue Board (IRB).<\/p>\n
\u201cIRB would also like to remind all taxpayers to declare their income tax information correctly. All income received in 2016 from taxable sources such as employment, tuition classes, businesses, commissions, direct sales, rent, royalties and other income as stated under Section 4 and Section 4A of the Income Tax Act must be declared,\u201d the IRB added.<\/p>\n
The submission deadline for individuals who do not conduct business, using BE form, is on April 30. Employers using E form, on the other hand, must submit their return form as late as March 31.<\/p>\n
The latest take-up rate for e-filing provided by IRB chief executive officer Datuk Sabin Samitah was only 51.7%.<\/p>\n
That\u2019s 229,393 out of 443,418 employers submitted their E form electronically.<\/p>\n