What is the deadline for income tax 2021 Malaysia?

What is the latest you can file your taxes 2021?

If you filed an extension by May 17, 2021 (2021 tax year deadline), it extends your filing deadline to October 15, 2021. An extension of time to file your return does not mean an extension of time to pay your taxes. If you expect to owe money, you’re required to estimate the amount due and pay it with your Form 4868.

How do I declare income tax in Malaysia 2021?

If you have never filed your taxes before on e-Filing income tax Malaysia 2021, go to https://edaftar.hasil.gov.my/ and click on the Daftar Individu button. You will then be asked to fill in an online form and upload some verification documents.

Can I still file my taxes 2021 after deadline?

The tax filing deadline has come and gone. … There is no penalty for filing a late return after the tax deadline if a refund is due. If you didn’t file and owe tax, file a return as soon as you can and pay as much as possible to reduce penalties and interest.

Can I still do my taxes 2021?

Tax Deadlines 2021, Tax Year 2020. The Tax Deadline to e-File 2020 Taxes is April 15, 2021. If you miss this date, you have until October 15, 2021. Keep in mind, if you owe taxes and don’t file an extension, you might be subject to Tax Penalties.

THIS IS INTERESTING:  How far is Thailand from Dallas Texas?

What happens if you file taxes late 2021?

The late-filing penalty is 5% of the tax due for each month (or part of a month) your return is late. If your return is more than 60 days late, the minimum penalty is $435 (for tax returns required to be filed in 2021) or the balance of the tax due on your return, whichever is smaller. The maximum penalty is 25%.

Do I need to declare dividend income in Malaysia?

Dividend income

Malaysia is under the single-tier tax system. Dividends are exempt in the hands of shareholders. Companies are not required to deduct tax from dividends paid to shareholders, and no tax credits will be available for offset against the recipient’s tax liability.

What is the tax rebate for 2020 21?

Rebate limit under section 87A for all the Financial years

Financial Year Limit on Total Taxable Income Amount of rebate allowed u/s 87A
2020-21 Rs. 5,00,000 Rs. 12,500
2019-20 Rs. 5,00,000 Rs. 12,500
2018-19 Rs. 3,50,000 Rs. 2,500
2017-18 Rs. 3,50,000 Rs. 2,500

Do I need to declare overseas income in Malaysia?

Most countries in the world tax individual’s income earned on a worldwide basis. Income earned outside Malaysia and received in Malaysia has been specifically exempted from income tax in Malaysia. Malaysia does not tax capital gains other than real property gains arising in relation to real estate based in Malaysia.