Form B for business, freelance and partnership income
We work out your business profit, claim allowances and reliefs, file e-B and set your CP500 instalments right.
MYR 450Yearly
For: Resident individuals with business income: sole proprietors, partners, freelancers, agents and online sellers.
What we need from you
Sales and expense records
Adjusted business income
Asset purchases
Capital allowances
Partnership P form figures, if a partner
Share of partnership income
CP500 instalments paid
Credit
Relief receipts
Personal reliefs
Any employment income (EA)
Combined in Form B
What we discuss
Are personal and business costs mixed?
Only business costs are deductible
Is e-invoicing needed?
Below RM3 million turnover generally exempt
Will revenue cross RM500,000 for taxable services?
Service tax
Should you incorporate?
Rate comparison
What we file
Compute adjusted income and capital allowances
e-File Form B
Pay balance
10% increase if late
What you get
e-B acknowledgement and computation
CP500 advice for next year
The law
- Sec 77, Income Tax Act 1967: Individuals furnish a return each year: Form BE by 30 April, Form B by 30 June Source
- Part I, Schedule 1, Income Tax Act 1967: Resident individual rates from 0% to 30% (30% above RM2 million for YA 2025) Source
- Sec 46, Income Tax Act 1967: Personal reliefs, including RM9,000 individual relief and RM7,000 for EPF and life insurance Source
- Sec 103, Income Tax Act 1967: Tax not paid by the due date is increased by a 10% penalty Source
Questions people ask
Contact us to book
Online payment in MYR is not open yet. Send us a message and an adviser for Malaysia confirms the scope and the fee before any work starts.