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Guide to Declaring Rental Income to the Inland Revenue Board of Malaysia for 2022



Hello, I am Mr. Chin from CCS and welcome to our video on declaring your rental income to the Inland Revenue Board of Malaysia (IRB) for 2022.


Owning a rental property can be a great investment opportunity, but it's important to understand the income tax laws that come with it.


In Malaysia, rental income is taxable and must be declared to the IRB. The rental income applies to both residential and commercial properties.


Hence, if you're a landlord in Malaysia, you must know that it's essential to declare your rental income to the Inland Revenue Board. In this video, we'll show you how to report your rental income to stay out of trouble with the law and make sure you're doing everything you need to as a landlord.


First, you must determine if you're liable to declare the rental income. If you own a property that generates net rental income, you must report your rental income to the Inland Revenue Board. However, if your yearly gross rental income is insufficient to cover your rental-related expenses, in that case, that means you are suffering a net rental loss; then, you will not be subject to any tax.


The next step is registering as a taxpayer if you haven't already done so before. You can register your personal income tax file number online.


After that, you need to prepare your statement of rental income, which is a document that shows how much rental income you've earned in the year.


Your rental income statement should include information like the period the property was rented, how much rent was collected, and any costs you had to pay because of the rental.


I'm sure you're wondering what expenses you can deduct from your gross rental income right now.


In general, you can deduct the following expenses from your gross rental income:

You could deduct the Loan Interest from your rental income if you borrowed money to buy the property you're renting. Please remember that the deductible expense is the interest, not the instalment.


The Assessment and Quit Rent paid to the local authorities can be deducted.


Insurance Premiums paid for fire insurance or burglary can be deducted.


If you engage the services of a property agent to find tenants for your property, the commission paid to the agent can be deducted.


You can deduct the expenses of Advertising the property, like printing brochures and running ads in newspapers or on websites.


Legal Fees incurred to prepare tenancy agreements or any other document related to the property can be deducted.


You can also deduct the money you spend on things like painting, plumbing, electrical repairs, pest control, etc., to keep the rental property in good shape (Repair and Maintenance).


You must keep proper records of all expenses incurred to claim the deductions.


It should be noted that not all expenses qualify for the deduction

To begin, only expenses directly related to the rental property are deductible. Personal expenses such as phone bills, travel, and so on are not deductible.


Second, you cannot deduct costs related to the property when it is not rented out.


Third, the cost of obtaining the first tenant, also known as initial expenses, such as advertising costs, legal fees to prepare the rental agreement, and property agent commission, is not deductible.


Finally

Once you've prepared your rental income statement, you can file your tax return with IRB.


You only need to declare the net rental income in your tax return.


In conclusion, declaring your rental income to the Inland Revenue Board is an essential step that every landlord in Malaysia must take.


By following the steps in this video, you can ensure you meet your landlord's obligations and stay out of trouble with the law.


If you have any questions or need further assistance, please contact the Inland Revenue Board or consult a tax professional.


Thank you for watching, and we hope you found this video helpful.


大家好,欢迎观由 CCS 所准备的关于“如何向马来西亚内陆税收局申报2022年租金收入”的视频。


拥有出租物业,对一般人来说属于是一个很好的投资机会,但了解随之而来的所得税法也是很重要的。


在马来西亚,租金收入是需要纳税的,必须向马来西亚税务局申报。


租金收入同时适用于住宅和商业地产。


因此,如果你在马来西亚是一名房东,你需要知道的是,向内陆税收局申报租金收入是必要的。


在这段视频中,我们将告诉你在向内陆税收局申报你的租金收入前,你该做些什么准备以避免法律上的麻烦,并确保你履行了作为一个房东所需要承担的责任。


首先,你必须先鉴定你是否有责任申报租金收入。如果你拥有的房产能产生净租金收入 (Net Rental Income),你必须向税收局申报你的租金收入。


然而,如果你的年度总租金收入不足以支付你的租金相关费用,在这种情况下,这意味着你正在遭受净租金损失(Net Rental Loss);那么,你是不需要承担任何税款的。


一旦你有了申报的责任,下一步就是向税收局登记为纳税人,如果你之前还没有个人所得税的识别号码 (TIN)。


你可以在网上注册你的个人所得税档案识别号码。


之后,你需要准备你的租金收入报表,这是一份显示你在这一年中赚取多少租金收入的文件。


你的租金收入报表应该包括物业出租的期间,所收取的租金数额,以及你因为出租此物业而需要支付的任何费用等信息。


我相信你现在一定很想知道,究竟有哪些费用你是可以从你的租金总收入中扣除的吧?

一般来说,你可以从你的租金总收入中扣除以下费用:


贷款利息: 如果你的物业是通过贷款购买的,你可以从你的租金收入中扣除贷款利息。请记住,可扣除的费用是利息,而不是分期付款。


门牌税和地税:为物业而向地方政府支付的门牌税和地税可以被扣除。


保险费:为保护物业而支付的火灾或盗窃保险费可以扣除。


房产中介的佣金: 如果你聘请房产中介为你的物业寻找租户,支付给中介的佣金可以扣除。


广告费: 你可以扣除为出租物业所做的广告费用,如:印刷小册子,在报纸或网站上刊登广告。


律师费: 为准备租赁协议或任何其他与物业相关的文件而产生的律师费用可以扣除。


物业维护费用: 你可以扣除为保持物业良好状态而花的费用,如:油漆、水管、电气维修、害虫防治等。


为了能够从租金中万无一失的扣除,所有上述的费用,你必须进行适当的记录及保存。


应该注意的是,不是所有的费用都可以从租金中扣除。

首先,只有与物业直接相关的费用才可以扣除。


个人开支,如电话费、出差费等是不能扣除的。


第二,在物业没有出租的期间,你不能扣除与之相关的费用。


第三,为取得第一个租户而产生的费用,也被称为初始费用,如广告费、租赁协议的律师费、房产中介佣金等,是不能扣除的。


一旦你准备好你的租金收入报表,你就可以向着手申报个人所得税了。


总而言之,向内陆税收局申报租金收入是每个马来西亚房东所无法避开的。按照本视频中的步骤,你可以确保履行房东的义务,当面对税务审计时,也可以从容面对。


如果你有任何问题或需要进一步的协助,请联系内陆税收局或咨询税务专家。


谢谢你的观看,我们希望这个视频对你有帮助。



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1 Comment


Kindly check with you, if i have a property with rental income, i taken a personal loan to finance the said property along with finance my personal commitment, Can i use the personal loan interest to deduct my rental income? Lets say i prepare a calculation to separate out interest for the said property and my personal commitment. Thanks.

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