Business
For freelancers and sole proprietors who file Form B. Your books kept all year, Form B worked out, and the tax put aside before it’s due.
What it’s worth, in one example
A freelance designer earns RM 72,000 in a year. Form B taxes profit, not revenue, so every business expense on the books lowers the bill.
| Expense | RM |
|---|---|
| Software subscriptions | 3,600 |
| Co-working desk | 4,800 |
| Internet | 1,440 |
| Phone (60% business share of RM 1,800) | 1,080 |
| Travel to clients | 1,680 |
| Total | 12,600 |
| Revenue only | With expenses recorded | |
|---|---|---|
| Revenue | 72,000 | 72,000 |
| Business expenses | 0 | −12,600 |
| Individual relief | −9,000 | −9,000 |
| Chargeable income | 63,000 | 50,400 |
| Tax | 2,930 | 1,544 |
RM 1,386 less tax. Business costs RM 249 a year.
No PCB comes out of business income, so the full bill lands at filing. Business tells you to put aside about RM 129 a month instead.
Illustration only. Resident rates (YA 2023–2025), the RM 9,000 individual relief and no other reliefs. An expense counts only if it was wholly and exclusively for the business.
What Business adds
On top of everything in Personal.
Your books
All year, without a spreadsheet
- One ledger, personal and businessEvery receipt and invoice in one list
- Split shared costsLike 60% of your phone bill as business
- Income from invoices and payoutsAdd them by hand, upload them, or drop a bank statement
Form B
Worked out, then handed to you
- Form B estimate and packProfit and loss, expenses by category, ready for MyTax or your accountant
- Set-aside trackingHow much to keep aside each month, since PCB only covers your salary
- Asset and CP500 checksFlags equipment for capital allowance and plans for instalments
Tax Vault
Safe if LHDN asks
- Past years in one placeImport old returns, EA forms and receipts
- Audit packs for past yearsEverything for any archived year in a single file
Who it’s for
Anyone who files Form B as an individual.
- Freelancers and consultants
- Sole proprietors and partners in a partnership
- Salaried people with side income, like online selling, e-hailing or rental run as a business
Not for Sdn Bhd companies. They file Form C, which Business doesn’t prepare.
One plan, two ways to pay
RM 249 a year or RM 25 a month. Includes everything in Personal (RM 99 a year on its own).