3 Ways LHDN Can Trace Your ‘Undeclared’ Income

Lembaga Hasil Dalam Negeri (LHDN), or Inland Revenue Board of Malaysia (IRBM), is a leading tax administrator responsible for collecting revenue for the Ministry of Finance. Aside from that, LHDN also aims to improve voluntary compliance, implement a taxation system, increase operational effectiveness and enhance a competent workforce. 

As working adults, we work closely with the revenue company to manage our pay, commissions and other money-related matters. Maybe some of you might not know, but taxpayers have to declare all income to IRBM and are responsible to:

  • Register Income Tax Number / Update Information
  • Declare Annual Income
  • Pay Income Tax

However, some might not declare their income officially to the revenue company. So, have you ever wondered if they can ever know your undeclared income?

LHDN can trace your undeclared income with these steps

An accountant, @tukangkirakira, on TikTok shared three ways the agency can trace your undeclared income.

1) When you’re dealing with your company

  • When the company you’re working with pays you, they’ll provide a payment voucher.
  • This payment voucher contains some important information like your name and IC number.
  • Therefore, LHDN can look up your income by filling in these details in their system.

2) Commission

  • Companies have to fill in a form named CP58 once they give you a commission.
Picture: QNE Software
  • Afterwards, the form needs to be handed to LHDN.
  • Did you know? Many workers are unaware that the commissions they received have been declared by LHDN.

3) Social media

  • These days, everyone shares almost everything on the internet.
  • Even though it seems like private and confidential information, some people share their income on social media.
  • Since technology has evolved and modernised, it’s accessible for LHDN to declare your income through your TikTok, Twitter or other postings on your social media accounts.

Sources: TikTok @tukangkirakira, LHDN (Coorporate Culture), LHDN (FAQ), Malaya Corporate Group

Adib Mohd

Recent Posts

Pavilion REIT Malls Brings Communities Together for a Heartwarming Ramadan Iftar

Returning this Ramadan, Pavilion REIT Malls, Pavilion Kuala Lumpur, Pavilion Bukit Jalil, and Intermark Mall… Read More

2 days ago

AstraZeneca’s Soliris® Is Approved in Malaysia for Treatment of Rare Neurological Autoimmune Diseases and Severe Blood Disorders

AstraZeneca, a global, science-led biopharmaceutical company, has made available its treatment, Soliris®, in Malaysia as… Read More

2 days ago

Ever Wonder How Michelin Stars Actually Started? The Story Might Surprise You

Do you ever stop and think about how Michelin restaurant stars actually work? Or where… Read More

2 days ago

HUAWEI Mate 80 Pro Arrives in Malaysia with Next-Level Imaging Power

Huawei Malaysia has officially unveiled the HUAWEI Mate 80 Pro, its latest flagship smartphone that… Read More

2 days ago

myFirst Launches ‘Explore Together’ Movement with Insta Lux Camera and Child-First Tech Ecosystem for Families

Childhood today is digital by default. Instead of asking kids to step away from technology,… Read More

2 days ago

UNIQLO Launches Manga UT Collection to Celebrate SHUEISHA’s 100th Anniversary

UNIQLO Launches Manga UT Collection to Celebrate SHUEISHA’s 100th Anniversary Global apparel retailer UNIQLO has… Read More

2 days ago

This website uses cookies.