🚨 MAJOR UPDATE: IRBM PCB Notification System Launched!

 IRBM Now Sends PCB Notifications via Email – What Malaysian Employees & Employers Must Know (Oct 2025)

Lembaga Hasil Dalam Negeri Malaysia (HASiL/IRBM) now delivers Potongan Cukai Bulanan (PCB) notifications directly to individual taxpayers via email, effective from 17 September 2025. 

This enhancement, part of IRBM’s push for transparency and digital services, covers PCB details for August 2025 onwards, sent to taxpayers’ email addresses registered in the MyTax portal.

Why Is This Important?

• Direct confirmation: Employees can now directly confirm that PCB submitted by employers has been credited to their tax ledger each month.

• Enhanced transparency: Immediate and official monthly updates from IRBM increase trust in tax deductions.

• Digital convenience: Access PCB records and detailed tax account status via MyTax and official IRBM email notifications.

What Should You Do?

• Keep your email address updated in MyTax to receive timely PCB notifications.

• Check your PCB payment status via the PCB link and tax account details in the MyTax portal.

• For questions, contact IRBM via Hasil Contact Centre, Live Chat, or feedback form through their official channels.

KS Chia & Associates, as your trusted tax agent, recommends updating your firm records and informing employees about this new process for smooth compliance!

Any queries? Contact KS Chia & Associates (Whatsapp: +60 11-2366 5233)

Source: https://www.hasil.gov.my/media/qiwhd4f3/20251003-kenyataan-media-hasil-hasil-tingkat-ketelusan-notifikasi-pcb-diperkenal-melalui-emel.pdf

#PCBMalaysia #IRBM #MyTax #TaxCompliance #KSC Associates #MalaysiaTax #PCBEmailNotification #TransparentTax

New Free Tools: Master Your LHDN Deadlines in Real-Time

CP204 Deadlines | Form C Countdown | Chartered Accountants KL

Published: 1 October 2025

KS Chia & Associates launches two essential, free deadline trackers for Form C and CP 204/CP 204A. Stop worrying about penalties and stay ahead of your mandatory LHDN compliance with accurate, real-time data.

---

Why Your KL Business Needs These Tools Today

The biggest threat to profitability is unexpected penalty charges. In Malaysia, late or incorrect submission of tax estimates and returns can trigger fines of 10% to 45%. Our innovative tools are designed to provide the absolute certainty required by every Malaysian SME and corporate entity.

Tool 1: The Form C Filing Countdown ⏳

Your annual Corporate Tax Return (Form C) is due eight months after your financial year end. Our interactive, real-time countdown eliminates confusion, ensuring your firm has the full eight months to prepare, audit, and file without last-minute panic.

Tool 2: The CP 204/CP 204A Smart Notices 📊

This is where the complex LHDN rules meet simplicity. This smart tool gives you the exact date for all key compliance actions:

• Initial CP 204 Submission: Confirms the deadline, which occurs one month before your new basis period starts (e.g., 31 October for a 30 November year-end).

• CP 204A Revisions: Tracks the due dates for the 6th, 9th, and 11th-month revisions. Using these revision dates strategically is vital to adjusting cash flow and avoiding the $10\%$ underestimation penalty.

Integrated Support for Total Confidence

Our commitment goes beyond tracking dates. Every tool provides:

• Penalty Information: Instant visibility of potential fines for late filing or underestimation.

• Direct Consultation: One-click access to our Chartered Accountants for expert advice on MFRS, MPERS, and tax strategy.

Ready to transform your tax compliance process? Use our expertise and digital innovation to drive efficiency and transparency in your business today.

🔗 Access Your Free Tax Deadline Tools Now → www.kschia.com.my

---

KS Chia & Associates: 20 Years of Excellence in Audit, Tax, and Accounting in Kuala Lumpur.

#TaxCompliance #CP204 #FormC #LHDNMalaysia #AuditFirmKL #TaxEstimate #SMEtaxation

🔔 TAX ALERT: Malaysian Income Tax Reporting System (MITRS) Implementation – What You Need to Know for YA 2025

 

Effective from the Year of Assessment (YA) 2025, the Inland Revenue Board of Malaysia (LHDN) has introduced a new compliance requirement under Section 82B of the Income Tax Act 1967 – the Malaysian Income Tax Reporting System (MITRS).

This marks a major shift in how companies and limited liability partnerships (LLPs) will submit supporting tax documents moving forward.

---

📌 What is MITRS?

The Malaysian Income Tax Reporting System (MITRS) is an online platform introduced by LHDN for the purpose of submitting specified documents to support the computation of chargeable income and tax payable.

Under Section 82B, it is mandatory for all companies and LLPs to submit these documents within 30 days after the deadline for filing the Return Form (Form C).

✅ MITRS is part of LHDN’s digital transformation strategy, aiming to improve transparency and efficiency in tax reporting.

---

🧾 Who Must Comply?

🔹 All Companies (C category) and Limited Liability Partnerships (PT category)
🔹 Submission applies to YA 2025 onwards
🔹 Other taxpayer categories (e.g. individuals, partnerships) may be included in future phases

---

📂 Documents Required for MITRS Submission

The following PDF documents must be uploaded through the MyTax portal at https://mytax.hasil.gov.my:

1. Audited or Unaudited Financial Statements

   • Unaudited FS applies only to companies eligible for audit exemption under SSM’s directive

2. Income Tax Computation

   • Including detailed adjustments to accounting profit

3. Complete Capital Allowance and Schedule 3 Computation (if applicable)

4. Computation of Tax Incentives Claimed (if applicable)

⚠️ File Size Limit: Total document upload size must not exceed 20MB per company per YA.

---

🗓️ Practical Timeline Example

Let’s say your company’s financial year ends on 31 March 2025:

• 📝 Form C Filing Due Date: 31 October 2025

• ⏳ With 1-month grace period: 30 November 2025

• 📤 MITRS Submission Deadline: 30 December 2025 (30 days after Form C deadline)

---

⚖️ Penalties for Non-Compliance

Failure to submit MITRS documents within the stipulated timeframe is an offence under Section 120(1)(b) of the Income Tax Act. Offenders may be liable to:

• 💸 A fine between RM200 and RM20,000, or

• 🚫 Imprisonment up to 6 months, or

• ❗ Both

---

📆 When Does MITRS Start?

MITRS will be available on the MyTax Portal starting from 1 April 2025. Submission can be done by:

• The company Director,

• Organisation Administrator, or

• A licensed Tax Agent (TAeF)

---

🤝 Need Help with MITRS Compliance?

This new requirement adds another layer of compliance for businesses, and missing it can result in significant penalties.

📲 Our firm is here to support you through the entire process — from generating the required documents to ensuring timely submission via MITRS.

👉 Contact us today via WhatsApp: +60 11-2366 5233
Let’s make sure your business stays compliant and penalty-free.

---

#MITRS #MalaysiaTax #TaxCompliance #LHDN #MalaysianTax #IncomeTaxAct1967 #FormC #TaxUpdate #TaxAgent #TaxReporting #BusinessCompliance #MyTaxPortal #CompanyTax #LLPtax #DigitalTaxFiling #SMETax #MalaysiaBusinessTax #YA2025

IRBM Bans Consolidated E-Invoices for Electricity & Telecom Industries from 2026

 

Introduction

The Inland Revenue Board of Malaysia (IRBM) has just released a game-changing update to its e-Invoice guidelines. Starting 1 January 2026, electricity and telecommunication companies can no longer issue consolidated e-invoices. This brings the total number of restricted industries to 10, signaling IRBM's intensified focus on transaction-level compliance monitoring.

What This Means for Your Business

The most significant change affecting ALL businesses is the new RM10,000 transaction threshold. From 1 January 2026, any single transaction exceeding RM10,000 across all industries must be issued as an individual e-invoice - consolidated e-invoices will no longer be permitted for these high-value transactions.

This represents a major shift in IRBM's compliance monitoring strategy. The RM10,000 threshold means that IRBM will have real-time visibility into all significant business transactions, enabling them to detect discrepancies and potential underreporting more effectively than ever before.

The Complete List of Restricted Industries

As of the latest update, these 10 industries/activities cannot issue consolidated e-invoices:

1.Automotive sales

2.Aviation services

3.Luxury goods and jewellery (on hold)

4.Construction contracts

5.Construction materials wholesale/retail

6.Licensed betting and gaming

7.Agent/dealer/distributor payments

8.All transactions exceeding RM10,000 (NEW - effective Jan 2026)

9.Electricity services (NEW - effective Jan 2026)

10.Telecommunication services (NEW - effective Jan 2026)

The Real Impact: RM10,000 Transaction Threshold

While the electricity and telecommunication restrictions affect specific industries, the RM10,000 threshold impacts EVERY business in Malaysia. This means:

• Enhanced Detection Capabilities: IRBM can now track all significant transactions in real-time • Reduced Tax Leakage: Harder for businesses to underreport high-value transactions

• Improved Compliance Monitoring: Cross-referencing capabilities across all business activities • Greater Transparency: Individual e-invoices provide detailed transaction trails

Why the IRBM is Targeting Utilities and High-Value Transactions

The restriction on electricity and telecommunication services, combined with the RM10,000 threshold, isn't random. These provide essential insights into business operations:

• Electricity usage patterns reveal actual business activity levels • Telecommunication data shows business communication patterns

• High-value transactions indicate significant business activities • Individual transaction tracking enables better tax compliance monitoring • Cross-referencing capabilities help detect underreported business activities

How We Can Help

At KS Chia & Associates, we specialize in helping businesses navigate complex tax compliance requirements. With the new RM10,000 threshold affecting all industries, our services include:

• Transaction threshold compliance assessment • E-invoice system optimization • Process review and enhancement • Staff training on new requirements • Ongoing compliance monitoring

The RM10,000 threshold will significantly impact how businesses handle their e-invoice processes. Don't let these new requirements catch you off guard.

Contact us today for a comprehensive compliance review.

IRBM Collects RM16.95 Billion in Additional Taxes – What Malaysian Corporate Taxpayers Must Know

 IRBM collected RM16.95 billion in additional taxes (Jan 2024–Aug 2025), with 90% from companies. Learn how Big Data, AI, and e-invoicing are used to detect non-compliance, and what Malaysian businesses can do to stay compliant.

---

🚨 Breaking News from IRBM

On 12 September 2025, the Inland Revenue Board of Malaysia (IRBM / HASiL) announced that it has successfully collected RM16.95 billion in additional taxes through audits and investigations between January 2024 and August 2025.

The breakdown is clear:

• 1,033 companies → RM15.20 billion (≈90%)

• 321 individuals → RM1.75 billion (≈10%)

This shows that corporate taxpayers are firmly in IRBM’s spotlight.

---

📊 How IRBM Is Detecting Non-Compliance

According to the media release, IRBM is strengthening enforcement using:

• Big Data Analytics → scanning millions of records for red flags

• AI Technology → cross-checking taxpayer income and expenses across multiple sources

• E-Invoicing Systems → tracking transactions in real-time

• Collaboration with Other Agencies → banking, customs, and enforcement data sharing

This represents a shift to technology-driven tax enforcement, where inconsistencies and suspicious patterns are detected automatically.

---

⚖️ Penalty Rates for Voluntary Disclosure

IRBM is urging taxpayers to make voluntary disclosure before audit or investigation begins. The benefits are clear:

• 15% penalty – Voluntary disclosure before audit (s.113(2) ITA 1967)

• 10% penalty – If additional voluntary disclosure is made within 6 months of filing deadline

• ❌ Much higher penalties apply if non-compliance is caught through audit or investigation

💡 In short: Act before IRBM finds the issue to save money.

---

✅ What Malaysian Businesses Should Do Now

To avoid becoming part of the next billion-ringgit collection, companies should take immediate steps:

1. Keep Proper Documentation

Every claim (expenses, deductions, allowances) must have supporting invoices, agreements, and approvals.

2. Review Advertisement & Marketing Expenses

If you advertise on foreign platforms (e.g. Facebook, Google), check if withholding tax (WHT) applies.

3. Check Related Party Transactions

Payments to directors, subsidiaries, or overseas affiliates are often audited — ensure arm’s length pricing and proper documentation.

4. Ensure E-Invoicing Readiness

E-invoicing allows IRBM to track transactions in real-time. Businesses must prepare for full compliance.

5. Consider a Tax Health Check

Identify risks before IRBM does. A proactive review reduces exposure and gives peace of mind.

---

💼 How KS Chia & Associates Can Help

At KS Chia & Associates, we assist SMEs and corporate clients with:

• Tax Health Checks – identifying potential audit risks

• Voluntary Disclosure Support – minimizing penalties before audit begins

• Withholding Tax & Cross-Border Issues – ensuring compliance with WHT rules

• E-Invoicing Advisory – helping businesses adapt to Malaysia’s digital tax reporting system

📞 WhatsApp us today at +6011 2366 5233 for a confidential discussion.

Don’t wait until IRBM’s analytics flags your company. Proactive compliance saves money, time, and reputation.