Business Income

Form B LHDN

Complete guide for Form B - the income tax form for resident individuals with business income, including freelancers and business owners.

Fill Form B Freelancer Guide

e-Filing deadline: July 15, 2025

For: Business owners, Freelancers, Traders

Who Should Use Form B?

Use Form B if:

Sole proprietor (sole trader)
Freelancers and independent contractors
Individuals with rental property income
Insurance agents, real estate agents, MLM
Individuals with both business and employment income
Grab/Food Panda drivers (self-employed)

DO NOT use Form B if:

Employees with salary income only (use Form BE)
Sdn Bhd companies (use Form C)
Partnerships (use Form P)
Non-residents of Malaysia (use Form M)

Required Documents

Profit & Loss Statement

Business income and expenses statement for the assessment year.

Expense Records

All receipts and invoices for deductible business expenses.

EA Form (If Applicable)

If you also have employment income, include EA Form from your employer.

Asset & Depreciation Records

Records of business asset purchases and depreciation (capital allowance) calculations.

Deductible Business Expenses

The following expenses can be deducted from business income to reduce your tax:

Operating Expenses

Office/workspace rental
Utility bills (electricity, water, internet)
Employee salaries (if any)
Raw materials / inventory
Transportation and travel

Marketing Expenses

Advertising (Facebook Ads, Google Ads)
Website and hosting costs
Printing and promotional materials
Sales commissions

Professional Expenses

Accountant and audit fees
Legal fees
Business software subscriptions
Business insurance

Capital Allowance (Depreciation)

Computers and IT equipment
Office furniture and fixtures
Business vehicles
Machinery and equipment

Form B Sections

Part A

Personal Information

Full name and ID number
Marital status
Business and home address
Business registration number (if any)

Part B

Business Income

Total gross business income
Deduct: Allowable expenses
Deduct: Capital allowance (depreciation)
Net business income

Part C

Other Income

Employment income (if any)
Rental income
Dividend and interest income
Other taxable income

Part D

Tax Relief

Individual relief (RM9,000)
EPF and insurance (including voluntary contributions)
Medical, education, lifestyle reliefs
Spouse and child reliefs

Part E

Tax Calculation

Total aggregate income
Deduct: Total reliefs
Taxable income
Tax payable - PCB/CP500

Frequently Asked Questions

When is the deadline to submit Form B?

For YA 2024, the e-Filing deadline is July 15, 2025. Manual submission is June 30, 2025.

Can I deduct all business expenses?

Not all. Only expenses that are 'wholly and exclusively' for business purposes can be deducted. Personal expenses are not allowed.

What if I have both salary AND business income?

Use Form B and report both types of income. Employment income is filled in a separate section.

How long do I need to keep records?

LHDN requires you to keep business records for 7 years from the date of form submission.

What is CP500 and do I need to pay it?

CP500 is a monthly tax installment for business owners. If your previous year's tax exceeds RM3,000, you may need to pay CP500.

Related Guides

Freelancer Tax Guide

Complete guide for freelancers

Tax Relief 2025

Complete list of tax reliefs

Tax Deadlines

Important dates for e-Filing

Form BE Guide

For employment income only

Manage your business expenses with CukaiMax

CukaiMax scans your business receipts and automatically categorizes expenses. Ready for Form B without the stress.

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Official Sources

Sumber Rasmi

LHDN - Tax Forms

Individual tax form information

Updated: 2026

LHDN - Business Income

Business income guidelines

Updated: 2026

LHDN e-Filing Portal

Official LHDN e-Filing portal

Updated: 2026

Information on this page is based on official LHDN guidelines and Malaysian government sources.