Individuals who earn business income may be required to submit Form B to LHDN,
regardless of whether the business is registered with SSM.
Many taxpayers assume that only officially registered business owners are required to file Form B.
In reality, any individual earning income from business-related activities, rather than solely employment income,
may fall under Form B filing requirements.
FORM B FAQ ：
Consequences of Late Filing Form B：
Fine of RM200 to RM20,000 / Imprisonment for a term not exceeding 6 months / Or both
Consequences of Late Tax Payment：
Face an additional 10% penalty on top of the tax amount owed.
- Partnerships must first submit Form P
- Prepare CP30 for each partner to show the allocated income
- Each partner will declare their income based on the CP30 received
Even if you did not register with SSM,
your business income must still be declared in Form B.
Yes. CP500 is only a tax instalment payment required by LHDN.
Individuals with business income are still required to declare their income in Form B.
Prepare your business financial statements, income and expense supporting documents, as well as receipts for personal tax relief claims.
All records, documents, and calculation worksheets must be kept for 7 years as supporting evidence and for future reference.
**Data updated 20.05.2025
(201706002678 & AF 002133)