Business owners must report income even if suffer losses, says LHDN

KUALA LUMPUR: Business owners are required to report their income even if they suffer losses, said the Kuala Lumpur Inland Revenue Board (IRB) Principal Assistant Director Syed Mohd Syukree Syed Mohd Kamil.

He said many taxpayers mistakenly believe they are not required to submit or report their income if their business incurs a loss.