Just wanna know from you guys, how do we deduct the income tax from our UT distribution when we file our income tax?
Public Mutual v2, PB/Public series
Public Mutual v2, PB/Public series
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Jul 8 2011, 09:51 PM
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#1
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3,294 posts Joined: Dec 2005 |
Just wanna know from you guys, how do we deduct the income tax from our UT distribution when we file our income tax?
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Jul 9 2011, 12:41 PM
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#2
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QUOTE(wongmunkeong @ Jul 9 2011, 09:23 AM) er.. bro, found this: That means, we do not need to file tax for the distribution that we earn for unit trusts?http://www.kpmg.com/Global/en/IssuesAndIns...xation_2010.pdf 3.1 Taxation of funds Dividend income Unit trust For Malaysian taxation purposes, a unit trust (except for approved Real Estate Investment Trusts (REITs) or Property Trust Funds (PTFs)) is treated as an investment holding entity. With effect from the year of assessment 2008, a single tier income tax system has replaced the imputation system. There are transitional provisions that allow taxpayers to utilize their existing dividend franking credits up till the end of the year 2013. Under the imputation system, a Malaysian resident company is required to deduct tax at the prevailing corporate tax rate on taxable dividends paid to its shareholders. This tax is already accounted for through the tax paid by the company on its taxable profits which is accumulated as dividend franking credits (Section 108 credits). When shareholders receive taxable dividends, they are entitled to a tax credit for the tax already paid by the company in respect of the income. Those credits are then used to offset the shareholder’s tax liability. Under the single tier system, profits are only taxed at the company level and dividends received by shareholders are exempt from tax. The following types of dividend income are also exempt from tax: • Tax exempt dividends received from companies enjoying tax incentives (or which had previously enjoyed tax incentives) which are paid out of exempt income; or • Dividend income received from sources outside Malaysia (foreign source) and remitted to Malaysia (except where the recipient is a resident company carrying on the business of banking, insurance or sea or air transport). U know something more than KPMG or i misread ar? |
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Jul 19 2011, 11:18 PM
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#3
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PIF cannot topup anymore now?
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Jul 30 2011, 12:32 AM
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#4
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Public Growth Fund seems performing very well for the last ten years.. but is it available for purchase now?
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Aug 4 2011, 09:00 PM
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#5
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What is the service charge for additional investment?
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Aug 5 2011, 10:05 PM
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#6
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I thought additional investment no need to pay service charge anymore?
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Aug 7 2011, 01:37 AM
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#7
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QUOTE(cheahcw2003 @ Aug 1 2011, 08:05 PM) Funds not open for investment SmallCap and Bond Fund is excellent performer... but cannot buy now Public Islamic Bond Fund Public Islamic Opportunities Fund Public Islamic Sector Select Fund Public Bond Fund PB Islamic Bond Fund Public SmallCap Fund Public Global Balanced Fund Public Ittikal Fund Public Islamic Select Treasures Fund Public Islamic Balanced Fund Public Islamic Asia Balanced Fund Updated as at end of July. Sources : http://www.publicmutual.com.my/LinkClick.a...SFE%3d&tabid=87 |
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Aug 8 2011, 01:03 PM
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#8
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Public Regular Saving Fund is it consider a bond fund?
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Aug 8 2011, 02:16 PM
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#9
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KLSE red red red all the way....Hahaha it's good time to invest in equity funds now....
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Aug 8 2011, 08:43 PM
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#10
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Is it a good time to buy any REIT stock now?
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Aug 10 2011, 06:56 PM
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#11
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Aug 10 2011, 11:58 PM
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#12
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Aug 11 2011, 12:06 AM
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#13
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Aug 13 2011, 12:36 AM
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#14
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Public Mutual China funds are sucks
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Aug 13 2011, 12:48 AM
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#15
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Aug 13 2011, 11:36 AM
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#16
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QUOTE(Irresistible @ Aug 13 2011, 02:44 AM) Public Dividend select fund , also making loss. Because you bought it at peak pricesBought around RM 0.31 (Average cost = RM 0.32 if include management fee) , now RM 0.27 Added on August 13, 2011, 11:37 am QUOTE(kparam77 @ Aug 13 2011, 11:17 AM) Great move... I have also invested in PSMALLCAP after it has reopened recently... this fund has won many awards this yearThis post has been edited by echoesian: Aug 13 2011, 11:37 AM |
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Aug 21 2011, 10:36 AM
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#17
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Public Bond is closed
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Aug 21 2011, 02:10 PM
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#18
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QUOTE(Quinn @ Aug 21 2011, 02:03 PM) I would like to understand, ppl would switch funds to bonds because they want to protect their investment. At difficult time like now, does it mean bond is better? If we bought at a good low price, should we consider to change to bond? When market is recovering., when switching back to fund, will we loose more? My friend says, ppl who keep switching between fund and bonds will end of day will not make a good profit. What's your opinion? Because each switching costs money |
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