(Update) New PCB Rate

Tax Latest Development

Adoption of new tax rates to calculate Monthly Tax Deduction effective from 1 June 2023

The Inland Revenue Board of Malaysia (HASiL) announced the adoption of new tax rates to calculate Monthly Tax Deduction (MTD) effective from 1 June 2023 on its website together with the issuance of the following documents:

✅Amendment To: Specification for MTD Calculations Using Computerised Calculation for 2023 (updated 1 June 2023).

✅Questions for MTD Calculation Using Computerised Calculation Method 2023.

✅ Form PCB/TP1 (1/2023) – Individual Deduction and Rebate Claim Form for the Purpose of MTD and

Explanatory Notes on Form TP1

✅ Form PCB/TP3 (1/2023) – Information Form Related to Employment with Previous Employers in the Current Year for the Purpose of MTD and Explanatory Notes on Form TP3

Budget 2023

The announcement is in line with Section 16(a) of the Finance Act 2023 (Act 845) which was gazetted on 31 May 2023.

Please read our past social media posting dated 7 March 2023 on the ''Revisited Budget 2023 for Individual''

https://www.ktp.com.my/blog/tax-budget-2023-individual/07mar2023

Visit Us

• Wisma KTP, 53 Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

• Wisma THK, 41, Jalan Molek 1/8, Taman Molek, 81100 Johor Bahru

KTP (Audit, Tax, Advisory)

An approved audit firm and licensed tax firm operating under the KTP group based in Johor Bahru providing audit, tax planning, advisory and compliance services to clients

• Website www.ktp.com.my

• Instagram https://bit.ly/3jZuZuI

• Linkedin https://bit.ly/3sapf4l

• Telegram http://bit.ly/3ptmlpn

THK (Secretarial, Account, Payroll, Advisory)

A licensed secretarial firm in Johor Bahru providing fast reliable incorporation, secretarial services, corporate compliance services, outsource booking, accounting and payroll services to clients

• Website www.thks.com.my

• Facebook https://bit.ly/3nQ98rs

KTP Lifestyle

An internal community for our colleagues on work and leisure.

• Tiktok http://bit.ly/3u9LR6Q

• Youtube http://bit.ly/3ppmjyE

• Facebook http://bit.ly/3ateoMz

• Instagram https://bit.ly/3jZpKLo

KTP Career

An external job community on vacancy in Johor Bahru for interns, graduates & experienced candidates.

• Instagram https://bit.ly/3u2PxHg

• Facebook http://bit.ly/3rPxz9o

#Ktp #Thks