TAX filing for the 2025 year of assessment officially began on March 1. While the process has become more convenient over the years, especially with the introduction of the e-Filing platform, many individuals still approach it simply as a box-ticking exercise rather than as part of a broader strategy for managing their finances.
A common misunderstanding is that tax filing and tax planning are the same. But they actually serve very different purposes. Tax filing refers to the act of declaring income and submitting the necessary information to the tax authority, in our case the Inland Revenue Board of Malaysia or Lembaga Hasil Dalam Negeri Malaysia (LHDN).
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