One of the things that we often overlook when filing income tax, is that if you’re new to filing taxes, you might have these misconceptions:
- Filing income tax is only for those who earn more than RM XXX annually.
- Filing income tax = Paying tax
- Filing income tax is troublesome and involves a lot of procedures
But that’s not the case!
First of all, filing income tax ≠ paying tax. Thus it’s not something that you only need to do if your “annual income exceeds XXX amount”.
In this YouTube video below, we will explore who are required to file income tax in Malaysia.