Personal Income Tax Finalization
PERSONAL INCOME TAX FINALIZATION
Deadline for Personal Income Tax (PIT) is within 90 days from ending of calendar year, i.e 30 March is latest for the employer to submit PIT finalization returns, regardless of registered fiscal year of the Company.
The employee who satisfy certain condition, are eligible to authorize the employer to undertake PIT finalization on behalf of them. The employee will fill in “Authorization letter of PIT finalization” and submit to the employer for their acknowledgement and onward actions.
Otherwise, the employee are required to conduct PIT finalization by their own if there is PIT liabilities to be paid.
In case the employee carry out PIT finalization by themselves, the employer is responsible to provide supporting document as followings:
- PIT receipt; and
- Letter of income confirmation
FILINGS
PIT finalization return is submitted online via tax portal.
PIT liabilities if any are settled no later than 30th March each year.