Duty to provide information and documents for the purpose of ascertaining chargeable income and tax payable

The new Section 82B has been inserted into the Income Tax Act 1967 which takes effect from the year of assessment 2025 whereby taxpayers are required to provide information and furnish documents for the purpose of ascertaining their chargeable income and tax payable.

The Inland Revenue Board (“IRB”) has also issued the Filing Programme for documents specified under Section 82B through the Malaysian Income Tax Reporting System (“MITRS”).

The salient points under the Filing Programme are:

The MITRS is an online platform for taxpayers to furnish tax information and documents for ascertaining their chargeable income and tax payable;
The due date to furnish tax information is within 30 days after the due date for the submission of the return;
Submission of the information and specified documents through MITRS will be implemented in stages, starting with companies and Limited Liability Partnerships.
The documents that need to be submitted are as follows:

Audited financial statements;
Income tax computation;
Capital allowance schedule; and
Tax incentive claimed (if applicable).

Failure to comply with Section 82B is a criminal offence and is punishable by a term of imprisonment of up to 6 months or a fine of RM 200 to RM 20,000, or both.