Taxpayers’ Concern
Taxpayers concerned over excess tax deductions should fill up their tax relief forms monthly and submit them to their employers before their next salary disbursement. This will help avoid issues of overpayment and eases the burden of waiting for a refund once taxes are filed annually, the Inland Revenue Board (IRB) said yesterday.
IRB’s public relations officer, Masrun Maslim, explained that employees should fill up the TP form (deduction and rebate for individuals), which is available at the IRB website, by stating their monthly expenses qualified for tax exemptions. By doing so, the amount deducted from the employee’s salary for taxes in that month will be the exact amount the employee is required to pay.