Tax is imposed annually on individuals who receive income in respect of :

a) Gains / profit from a business;

b) Gains / profit from employment;

c) Dividends, interest or discounts;

d) Rent, royalties or premiums;

e) Pensions, annuities or other periodic payments; and

f) Gains / profit not falling under any of the foregoing paragraphs.

The Income Tax Act 1967 (ITA) enforces administration and collection of income tax on persons and taxable income.

The Inland Revenue Board of Malaysia (IRBM) is one of the main revenue collecting agencies of the Ministry of Finance.