Minimum Requirements
If you earn (after EPF deductions) a minimum of RM 34,000 yearly or RM 2,834 monthly, then you must file a tax return, unless you are exempted from doing so under the conditions set out below.
PCB and Exemption from Filing a Tax Return
Even if you pay PCB every month, you are still obligated to file a tax return unless you meet the conditions below, in which case you may opt not to file a tax return.
Conditions:
- Your only source of income is your employment income;
- You have been working for 12 months in the calendar year with the same employer;
- Your employer has been deducting PCB from your salary, correctly;
- Your employer is not paying any of your taxes; and
- You have not opted for a joint assessment with your spouse.
If any of those conditions are not met, then you must file a tax return.
If you meet the above conditions and have not submitted a tax return by the deadline for submission (April 30th) you will be deemed to have made an election not to submit a return.
Benefits of filing a tax return
If you have somehow underpaid your taxes for the year (e.g. incorrect PCB calculation), filing a tax return will save you trouble down the road - imagine trying to retire and finding out that you owe thousands of Ringgit in unpaid taxes!
On the other hand, you may have overpaid taxes and filing a tax return will allow you to claim a tax refund.