If Richard is self-employed with total earnings around RM30,000 and above per calendar year - probably he need to open a tax file with LHDN and file a Borang B every year.
If Richard is under employment with monthly gross salary around RM2,800 and above - he should be subjected to PCB deduction by his employer on monthly basis (subject to marital status, spouse working or not and number of children). In this case, he will have a tax file number and need to file a Borang BE every year.
What is subjected to income tax for an individual?
- Business income (including income from online business / advertisement income)
- Employment income (salary, bonus and incentive etc)
- Rental income
- Miscellaneous income not specifically exempted, e.g. casual wages, referral fees etc.
To register for a Tax File number online, click here.
To engage a tax service, click here.