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Do we need to pay tax for Dividend?, Please help, I am confused...
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htt
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 Jul 15 2009, 08:41 AM
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QUOTE(wassap @ Jul 14 2009, 09:44 PM) i believe for all dividend from YA 2008 onwards, they are adopting single tier dividend which means u dont have to pay for the tax. Think you believed in the wrong thing, for companies with big balance under their s108 tax credit, they still can declare imputation dividend for another 4~5 years (depends on the transition period given or exhaust of their tax credit). Anyway, one tier mean you had paid the tax in advance using the company tax rate, not don't have to pay tax  http://thestar.com.my/news/story.asp?file=...&sec=budget2008http://malaysiantaxation.blogspot.com/2008...it-balance.htmlThis post has been edited by htt: Jul 15 2009, 09:19 AM |
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htt
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Jul 15 2009, 05:27 PM
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QUOTE(SKY 1809 @ Jul 15 2009, 05:22 PM) Which section of Income Tax law says so ? Mind you, there are foreign dividends too, like those investing in overseas. Actually, to be safe, declare everything, no matter imputation or one-tier or tax exempted, but state clearly, then you won't miss out anything & safe... |
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htt
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Jul 16 2009, 06:38 AM
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QUOTE(titep_shin @ Jul 15 2009, 11:59 PM) can i ask sth? i m currently a student, so no salary, no income tax account but i do have some dividen kena tax 25% Any chance can i claim back tht 25%? Open your account with IRB and declare the dividend, then you can get back the 25%. |
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htt
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Jul 16 2009, 01:10 PM
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QUOTE(sdas86 @ Jul 16 2009, 01:02 PM) Why we can get the 25% back? If they already taxed, then how come we still can get it back? Because lowest tax bracket is 0%, + some relief also. But if you have other income (voluntary allowance doesn't constitute income, you can consider giving some as well) or your dividend is substantial.  |
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htt
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Jul 16 2009, 01:39 PM
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QUOTE(sdas86 @ Jul 16 2009, 01:22 PM) Thanks. If I claim it back, how long will it takes for me to get the money back? Previously you will have to write in for the money to be refunded back to you, but I heard nowadays they did it automatically, not sure how is the time frame, maybe someone else can help? |
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htt
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Jul 16 2009, 02:32 PM
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QUOTE(SKY 1809 @ Jul 16 2009, 01:49 PM) You can become Tax Consultant  Tax regulation change every year, I think I like things that won't change... can learn once use forever |
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htt
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Jul 16 2009, 02:49 PM
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QUOTE(overthemoon @ Jul 16 2009, 02:43 PM) Here's another query on dividends, albeit a twisted angle ... I'm not the most organised person in the world when it comes to documentation. Was putting away some paperwork yesterday and lo and behold ... I found a dividend cheque dated December 2008. Since a cheque validity is usually 6 months, any chance of me recouping my few hundred bucks ???? Write back to them (the share registrar), they might issue you another cheque after validation. |
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htt
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Jul 16 2009, 03:56 PM
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QUOTE(SKY 1809 @ Jul 16 2009, 03:47 PM) I bought a Dell netbook mini 9 last month ( comes with 3G modem ). Now it is called a discontinued model. I wonder why the engineers are so efficient nowaday.  Worst thing , there is no other netbook comes with internal 3G modem in Malaysia. maybe Sony has, but 3X more expensive.  OT... Yes it is that efficient... Civil Engineer is the best among engineers... Brick & mortar after 50 years also brick & mortar... Electrical & Software are the worst, every 3~5 years obsolete...  |
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htt
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Jul 19 2009, 08:32 PM
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QUOTE(titep_shin @ Jul 19 2009, 07:01 PM) thanks HTT! so glad 2 hear there is a chance 2 claim back going to open an account when got chance can claim back little money nia but better than 0 la haha so sad under new single tier system i cannot claim back anymore after few years time But if you went there a few years back, chances are... the officer will tell you no need to be so trouble to claim back the money, so little only... Don't know they had improved since then or not  Keep us posted  |
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htt
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Nov 7 2009, 09:07 AM
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QUOTE(whizzer @ Nov 7 2009, 12:56 AM) I thought highest personal tax is 26% & company tax is 25%. So does it mean if I am in the 26% bracket, I would have to pay extra 1% ? Yes, you are, theoretically; but in this case a lot of people just simply not declare the dividend at all. |
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htt
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Nov 9 2009, 06:43 AM
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QUOTE(Mikiyo @ Nov 9 2009, 02:40 AM) sry for asking this..i've read the earlier posts...so right now, malaysia is using the single tier tax system right? this means that the dividend are taxed 25% from its source..and for students like us who are within the 0 income bracket, we can claim the 25% by simply sending in a letter to the income tax office? One-tier means cannot claim back anything (and you won't see the tax paid there, they just stop showing the item), only imputation tax system (old one) can. While Malaysia still in transition period, some company with reserve still can distribute dividend under imputation tax system. |
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