There are some amendments to the Malaysian Schedular Tax Deduction (STD) or Potongan Cukai Berjadual (PCB) rules this year.
- New schedule of montly tax deductions
- Employees are now allowed to claim rebates for personal relief every month
- Changes to the STD calculation formula
- Reduced minimum monthly deductios
- Inclusion of Benefit-in-kind (BIK) and Value of Living Accommodation (NTK) as part of remuneration
- Changes in additional renumeration formula
What does this all mean to employees and employers in Malaysia? I will provide more explanations later.
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Tags: malaysia, malaysia tax, malaysia taxation, malaysian, malaysian taxation, PCB 2009, STD 2009, tax, taxation
