The Public Ruling (PR) No. 5/2022 - Taxation of a Resident Individual Part II - Computation of Total Income and Chargeable Income dated 9 December 2022 has been made available on the website of the Inland Revenue Board of Malaysia (HASiL).
This third edition replaces PR No. 5/2018, dated 13 September 2018.
Pages 40 and 41 of the PR No. 5/2022 contain the updates and amendments.
The PR aims to elucidate the computation of total income and chargeable income of a resident individual who earns income from various sources such as business, employment, and others.
The revised Public Ruling (PR), which consists of 41 pages, comprises the following paragraphs and sets out 15 examples:
Relevant provisions of the law
Determination of Total Income and Chargeable Income
Determination of Basis Period
Computation of Gross Income
Computation of Adjusted Income/ Loss
Computation of Statutory Income
Computation of Aggregate Income
Computation of Total Income
Taxation of Husband and Wife
Computation of Chargeable Income
Updates and Amendment
Please access the Revised Public Ruling for the full details.
1. Public Ruling No. 5/2022 - Taxation of a Resident Individual Part II - Computation of Total Income
2. Public Ruling No. 5/2018 - Taxation of a Resident Individual Part II - Computation of Total Income
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