New release
IRB has issued the new STD schedules taking into account the 2009 Budget proposals. The new schedule is applicable to 2009 remuneration. Bonus and directors’ fees paid in 2009 must also be based on the new 2009 schedule.
For prior year remuneration paid in 2009, the old STD tables (issued in 2004) should be used.
As a concession, employers with a large number of employees and/or using computerised payroll systems, may apply in writing to the relevant IRB branches handling their files, to continue using the old STD tables until March 2009.
In developing the new STD schedule, efforts have been taken to ensure a more accurate deduction to closely reflect the actual tax liability. Various reliefs enjoyed by the individual are now included as a factor in arriving at the deduction. Consequently, the new computation formulae may appear to be more complicated. Members are advised to read the explanatory notes carefully and familiarise themselves with the new STD rules. You may download the explanatory notes on www.hasil.gov.my/melayu/pdf/NOTA PENERANGAN KPD JADUAL PCB 2009.PDF or click HERE.
To assist employers and tax practitioners in computing the deduction, the IRB has made available the “Kalkulator PCB” on its website (http://eapps.hasil.gov.my/pcbcalc/). Employers who agree with an employee’s request to claim allowable deductions and rebates under the Income Tax Act 1967 should use the Kalkulator PCB to ascertain the amount of STD. Employers using their own computerised payroll systems must obtain specification of the STD computerised calculation method and approval from the IRB
http://www.hasil.org.my/melayu/pdf/JADUAL%20PCB%202009%20UTK%20LAMAN%20WEB.pdf
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