LHDNM - Hasil e-Newsletter Edition 1/2022

a.

Direct Access to Bank Accounts - Not All Parties Involved

LHDNM is well informed of inquiries pertaining to the new provision under the S106A Income Tax Act (ITA) 1967 which was passed on 15 December 2021 via the Finance Bill 2021, granting power to LHDNM to access the bank accounts of taxpayers without written consent or permission. This is LIMITED to making a garnishee order in which the court has decided to allow the garnish to be made.

For more information, kindly refer to HASiL Media Release dated 18 December 2021, or via the link: https://phl.hasil.gov.my/pdf/pdfam/KM_HASiL_18122021_HAD_AKSES_AKAUN_BANK.pdf

b.

Implementation of Tax Identification Number (TIN)

The Government had at the 2022 Budget Speech held on 29 October 2021 announced the implementation of Tax Identification Number (TIN) by 2022 in order to broaden the tax base.

Frequently Asked Questions (FAQ) on the implementation of TIN can be accessed from HASiL Official Portal at www.hasil.gov.my > Quick Links > TIN (Tax Identification Number) or via the link below: https://phl.hasil.gov.my/pdf/pdfam/FAQ_TIN_2.pdf

c.

Employers: Know Your Responsibilities

The new year marks the preparation of 2021 annual statements by employers.

For further information on employers’ responsibilities, kindly log on to HASiL Official Portal at www.hasil.gov.my > Employers > Employers Responsibilities.

d.

Return Form (RF) Filing Programme for the Year 2022

The full program can be downloaded from the HASiL Official Portal, www.hasil.gov.my > Forms > Return Form (RF) Filing Programme for the year 2022 or kindly click the following link : https://phl.hasil.gov.my/pdf/pdfam/ProgramMemfailBN_2022_2.pdf

All taxpayers are encouraged to refer to this program as guidance on tax reporting with HASiL.