Report property transfers promptly

 

Those who fail to notify Lhdn or are late in doing so can be fined or jailed

• The Star Malaysia
• 10 Sep 2025

— AZMAN GHANI/THE STAR

New rules: transactions on property changes must be reported through the mytax portal.

KUALA LUMPUR: Parties involved in property ownership transfers in Malaysia must report to the Inland Revenue Board (LHDN) within 60 days for Real Property Gains Tax (RPGT) purposes.

LHDN principal assistant director of the Stamp Duty & Real Property Gains Tax Operations Department Azman Muhammad said transactions such as sale and purchase, transfer of rights, transfer of ownership and assignment of property must be reported through the Mytax portal.

“It is the responsibility of the disposer (seller) and acquirer (buyer) to report the disposal and acquisition of assets to LHDN.

“Some do report, but are late. If reported late, a late penalty will be imposed under Section 29(3) of the RPGT Act.

“Prosecution can also be taken against those who fail to submit the RPGT Return Form, with fines of up to RM5,000 and imprisonment not exceeding 12 months, or both,” he said during Bernama

Radio’s “Klinik Cukai” programme on the subject of RPGT.

Azman said the RPGT was aimed at helping increase national revenue, educate the public on tax responsibility and curb speculation in the property market.

“RPGT is a tax imposed on capital gains. Generally, capital gains are not taxed. However, in this case, exemption should not be given due to the high value involved and rampant speculative activities.

“Malaysians who genuinely need homes are forced to buy at higher prices due to speculative activities in property sales. As such, the government believes that stabilising the property market through RPGT is necessary to assist the people,” he said.

Azman said RPGT rates were calculated based on the holding period of the property, with the rate decreasing according to the duration of ownership and disposer category.

For example, he said individuals who sell property within the first three years would be subject to a relatively high tax rate of 30%, followed by 20% in the fourth year and 15% in the fifth year.

Details of RPGT rates for other categories, including individuals, companies and foreigners, can be checked on LHDN’S official website, www.hasil.gov.my.

Source link

Digital way to declare and pay income tax

e-Filing counter facilities are no longer available since last year following the new norm SOP.

 LET’S Click HASiL is a convenient programme for taxpayers to declare their income and pay taxes to the the Inland Revenue Board (IRB).

What is Let’s Click HASiL

Let’s Click HASiL enables taxpayers to submit their income tax return or make payment through the convenience of the easy, accurate and secure MyTax app.

MyTax is the primary access to ezHASiL services such as e-Filing, e-Register, ByrHASiL and other services accessible to all taxpayers with a single sign-on.

Taxpayers can file their return form electronically while ensuring the details are accurate.

Additionally, the programme also provides advice to taxpayers through virtual briefings held in accordance with new norm SOP set by the government.

Submission deadline

The Let’s Click HASiL programme runs from March 1 to June 30,2021.

For individuals without business income, they have until April 30 to submit their BE Form.

People who receive income from business have until June 30 to submit their B Form.

However, e-BE submission via e-Filing allows taxpayers to submit the form by May 15 – an extended period compared to paper submission by April 30, while the deadline for e-B is July 15.

 

Tax refund

For individuals without business income, their employer would have made monthly tax deduction off the monthly salary, reducing the burden of employees as they don’t have to pay a lump sum for their annual income tax.

You are eligible to receive a tax refund if you have paid excess monthly tax deduction than the actual tax levied. The income tax imposed can be reduced through tax reliefs and tax rebates.

The e-Filing service gives taxpayers the advantage of receiving their tax refunds within 30 working days as opposed to 90 days for form submissions by post or hand delivery.

ezHASiL simplified taxation

ezHASiL enables taxpayers to manage their taxation online through e-Filing, e-Register, e-Update, e-Ledger and ByrHASiL without having to visit IRB branches physically.

e-Filing counter facilities are no longer available since last year following the new norm SOP.

The e-Filing system can be accessed via the IRB’s official website at www.hasil.gov.my > MyTax > ezHasil Services > e-Filing.

First-time users are required to obtain the PIN number by filling in the feedback form on the website.

Once you have the PIN number, you can start your e-Filing, make payments using ByrHASiL, access payment review through e-Ledger or update personal details via e-Update.

Declare and pay your income tax at mytax.hasil.gov.my. Let us all do our part to ensure prosperity for the country.

Inquiries can be made through the Customer Feedback Form or call the HASiL Care Line (03-8911 1000). Visit www.hasil.gov.my for further information.

Source link

Related:

Taxpayers under amnesty programme still need to meet cobditions says LHDN 

 

LHDN: No audit on those under SVDP amnesty but they must fellow guidelines 

 

Groups_ Stick to promise and not penalise taxpayers _ The Star