Tax

MITRS

Filing Programme for Documents Specified Under Section 82B Through MITRS

Overview:
The Inland Revenue Board of Malaysia (IRBM) has introduced the Mandatory Income Tax Reporting System (MITRS) to streamline the submission of specified documents under Section 82B of the Income Tax Act 1967. This initiative aims to enhance tax compliance and simplify the reporting process for taxpayers.

Implementation Timeline:

Effective Year: Starting from the Year of Assessment 2025.
Phased Implementation: Initially applicable to Company (C) and Limited Liability Partnership (PT) categories.

Submission Requirements:

Deadline: Within 30 days after the due date for submitting the Return Form.
Method: Electronically via the MITRS platform accessible through the MyTax Portal.

Documents to be Submitted:

Audited Financial Statements or Accounts.
Tax Computation.
Detailed Capital Allowance Schedule and claims under Schedule 3 of the Income Tax Act 1967.
Comprehensive calculations for any incentives claimed (if applicable).

Taxpayers must ensure the timely submission of the specified documents through MITRS to facilitate the determination of chargeable income and tax payable.

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