Self Assessment System for Individuals

Self Assessment for individuals will begin in Year of Assessment 2004.  The implementation of Self Assessment is based on the concept of “Pay, Self-Assess and File”.  Under the Self Assessment System, taxpayers are entrusted with the responsibilities to assess and pay their taxes due to the Government.  It is an act that should be carried out voluntarily by everyone who is liable to tax.  Nevertheless, the IRB will carry out audits on a selective basis to verify the information provided by taxpayers.

Source :     Inland Revenue Board, Malaysia