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Tax refund

April 14, 2023

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Tax refund

What is tax refund?

  • A tax refund is a reimbursement of excess monies paid to the Inland Revenue Board (LHDN) by a taxpayer (Eg: PCB, CP500 and CP38).

What is the duration to get tax refund?

  • Within 30 working days after e-Filing submission
  • Within 90 working days after manual submission

The procedure however is subject to information given in income tax form as well as the submission of supporting documents if required for review.

Have not received your Tax Refund?

  • In cases where refund has not been processed or credited after the above-mentioned period, kindly contact IRBM branch that handles your tax file.

Do I need to submit a refund application If I have submitted the income tax return form before the deadline and eligible to claim a refund?

  • No, as the refund will be processed within 30 working days after the submission via e-Filing or 90 working days if submission via manual or hand delivery.

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分期付款

September 11, 2026

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分期付款 定义 :  分期付款购买是一种金融形式。本质上,您已经购买了该物品并使用贷款(来自金融公司)来支付   分期付款的会计处理 : 从会计角度来看,分期付款和分期付款系统是相同的。在进行会计核算之前,我们应该了解以下事项 :- a) 现金价格是指以现金购买任何资产而无需分期付款时所支付的价格 b) 租金价格=现金价格+分期交付资产风险利息 c) 首付 = 分期付款交易开始时的付款   分期付款购买的好处: 善待您的现金流 访问高规格资产 利息低于其他融资选择 可以申请税收资本减免

HIRE PURCHASE

August 28, 2026

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Hire Purchase Definition :  Hire purchase is a form of finance. Essentially you have bought the item and used a loan (from the finance company) to pay for it.   Accounting for Hire Purchase : For accounting point of view both hire purchase and  instalment payment system are same. Before accounting, we should know following things :- a) Cash price is that price which will be paid if any asset is purchased on cash without installment b) Hire price = Cash price + Interest for risk of giving asset on instalment c) Down payment = Payment at the beginning of deal of hire purchase   Benefits of Hire Purchase: Kind to your cash flow Access High – Spec Assets Lower Interest Than Other Funding Options It is possible to claim capital allowance against taxes

CAPITAL ALLOWANCE

July 31, 2026

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Capital Allowance What is Capital Allowance ? Capital allowance is an amount of money spent on business assets that can be subtracted from what a business owes in tax.   Why Claim Capital Allowance  ? You can retain more cash that can be reinvested to foster company growth.   Benefits of claiming ? Reduce or completely shelter a tax liability No restriction on high earners claiming wear and tear allowances and most industrial buildings allowances Improve cash flow and keep cash in your business! Possible cash refund / repayment of taxes