Income tax penalty and extra payment
Income tax penalty and extra payment
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Dec 23 2011, 06:16 PM
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Junior Member
44 posts Joined: Jul 2007 |
I like this thread... very informative
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Jan 29 2012, 12:07 AM
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Junior Member
65 posts Joined: Jan 2012 |
QUOTE(azizulego @ Dec 23 2011, 06:16 PM) very high tax ...in singapore you earn SGD 100k , tax is about SGD 5k-6kin malaysia...you earn RM 100k , you get tax RM 12k SGD 100k can use alot of thing, RM 100k you do nothing Singapore can pay installment ( spread out within a year ) , here is pre-paid ! wtf malaysian living life is getting more difficult and poorer i think. Quality of life is lower I been staying oversea for past 11 years , i feel the pinch when back here for about 1 year . Salute and respect Rakyat can stay here... |
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Jan 29 2012, 02:38 PM
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All Stars
14,899 posts Joined: Apr 2005 From: Kuala Lumpur & Selangor |
I think from time to time if you're doing submission yourself, suggest you buy the book by Vinderjit Singh about Malaysia taxation. Really informative book and only costs RM 200+
Inside they teach you how each relief is applicable as well as the penalty for various offences. Happy reading. This post has been edited by Icehart: Jan 29 2012, 02:38 PM |
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Feb 22 2012, 03:45 PM
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Junior Member
171 posts Joined: Oct 2009 From: Kuala Lumpur |
QUOTE(Robin Liew @ Dec 21 2010, 12:04 PM) i kena i kena it sounds like you under declare your earnings so LHDN penalize you min 40% of what is underpaid...penalty rm2k++ all 7k++ must pay why so high? yes i made some mistake during the submission.... but the extra ... i have receive a refund earlier rm5k like that but the new calculation seems they never deduct some claims too like housing loan interest and pc rebate anyone else kena? you may file an appeal if you think you have a strong base, for 7k, i suppose you are refrained from leaving the country. however, don worry...u may always pay via instalment |
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Mar 6 2012, 09:01 AM
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Junior Member
360 posts Joined: Nov 2008 |
how to pay with installment? can it be done at bank?
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Mar 6 2012, 09:25 AM
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Senior Member
1,481 posts Joined: Sep 2011 |
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Mar 6 2012, 09:32 AM
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Junior Member
360 posts Joined: Nov 2008 |
QUOTE(rayng18 @ Mar 6 2012, 09:25 AM) ya lah exactly what you need to do. Banks like MBB, CIMB have specific bank in slip for LHDN for you to make payment/installment cool. I login to https://elejar.hasil.gov.my and found that I have 444 credit since 2010, does that mean I can request for refund? worry if I do it then they will ask check my past year income tax reports again. |
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Mar 6 2012, 09:36 AM
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Senior Member
1,481 posts Joined: Sep 2011 |
QUOTE(Intel@Atom @ Mar 6 2012, 09:32 AM) cool. usually if there is refund they will issue back a cheq to you. So better don't "cari pasal" if you are scared they will korek your file for audit.I login to https://elejar.hasil.gov.my and found that I have 444 credit since 2010, does that mean I can request for refund? worry if I do it then they will ask check my past year income tax reports again. |
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Apr 29 2012, 01:52 PM
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Junior Member
232 posts Joined: Jan 2008 |
my computer receipt is a print out with the company name & com. registration no., but without signature & rubber chop of the co. at bottom, is it ok to claim relief tax using it? in case they audit me & i show them this receipt, will they accept as long i am able to provide receipt? or they will look for the sign. & check with the computer shop?
thx in advance |
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May 29 2012, 12:32 PM
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Senior Member
503 posts Joined: Feb 2006 From: 3' 11" N 101' 42 E |
fuhh... i wanna check how much my wife owe IRB... since she never declared her income before... and worst, never keep any receipt.
how to check how much she owe IRB?... i'm sure need to pay all the tax payable + penalty.... and i/m sure that gonna be a LOT of money... since its gonna be a lot of money will involve, where to check first before we ready to make all the payment to settle up the "debt"... now i'm so worried bout my wife.... duhhh... new problem arise... |
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Feb 7 2013, 11:33 AM
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Newbie
1 posts Joined: Nov 2012 |
My gross pay is Rm3000.
Am i taxable?? |
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Feb 7 2013, 12:00 PM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield |
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Feb 7 2013, 03:58 PM
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Senior Member
6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
QUOTE(chocopie @ Feb 7 2013, 11:33 AM) You start off on the wrong foot. First step is, it is not whether you are taxable or not.The first step is: all income must be declared. Open an income tax file and get your unique file number first. Declaration is to fill up the B/BE form, and find out the final figure after deductions and rebates. From there, you will know whether your income is taxable or not. Remember to start from the correct footing. All income must be declared, even if you earn RM1 in that year (or 8.3 cents/month). If you want monthly prepaid deductions, that is PCB (potongan cukai berjadual). Submit your income tax number to your HR/finance and inform them you want to include in PCB. At the beginning of next year, AFTER all your declaration, if there is extra (or non-taxable), you can request from LHDN to refund you. If insufficient, then you need to top up payment. |
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Mar 28 2013, 10:34 AM
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Junior Member
14 posts Joined: Dec 2011 |
QUOTE(cute_boboi @ Feb 7 2013, 03:58 PM) You start off on the wrong foot. First step is, it is not whether you are taxable or not. I have some question here, can please help to advise what step i should take.The first step is: all income must be declared. Open an income tax file and get your unique file number first. Declaration is to fill up the B/BE form, and find out the final figure after deductions and rebates. From there, you will know whether your income is taxable or not. Remember to start from the correct footing. All income must be declared, even if you earn RM1 in that year (or 8.3 cents/month). If you want monthly prepaid deductions, that is PCB (potongan cukai berjadual). Submit your income tax number to your HR/finance and inform them you want to include in PCB. At the beginning of next year, AFTER all your declaration, if there is extra (or non-taxable), you can request from LHDN to refund you. If insufficient, then you need to top up payment. i started work at 2010, my colleagues told me 1st year no need declare so i just leave it, then 2011 i have declared and claimed some money but i received a penalty letter after they refund me. The letter stated i din declare on 2010, so charge me around RM200++...but i din return it as the payment method also din state clearly in the letter. And until now and i always thought 1st year no needed to declare. but, now i start to worry, what step should i take? Please help! thx.... |
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Mar 28 2013, 10:50 AM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield |
QUOTE(SingleLadies @ Mar 28 2013, 10:34 AM) I have some question here, can please help to advise what step i should take. Start calling and making appointment with them to clarify will be a good start.i started work at 2010, my colleagues told me 1st year no need declare so i just leave it, then 2011 i have declared and claimed some money but i received a penalty letter after they refund me. The letter stated i din declare on 2010, so charge me around RM200++...but i din return it as the payment method also din state clearly in the letter. And until now and i always thought 1st year no needed to declare. but, now i start to worry, what step should i take? Please help! thx.... |
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Mar 28 2013, 10:58 AM
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Junior Member
152 posts Joined: Dec 2012 |
need clarifications
if say wife not working, husband can claim under option pasangan tiada income rite? in the case wife got saving in forms of ASB, can also use this options? since wife is not working too |
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Mar 28 2013, 11:00 AM
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Senior Member
6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
QUOTE(SingleLadies @ Mar 28 2013, 10:34 AM) I have some question here, can please help to advise what step i should take. No such thing as first year don't need declare. Or just work 2 weeks in that year don't need declare. Even if you start work part-time at McD after PMR/SPM, still need to declare after request tax file (but just not taxable).i started work at 2010, my colleagues told me 1st year no need declare so i just leave it, then 2011 i have declared and claimed some money but i received a penalty letter after they refund me. The letter stated i din declare on 2010, so charge me around RM200++...but i din return it as the payment method also din state clearly in the letter. And until now and i always thought 1st year no needed to declare. but, now i start to worry, what step should i take? Please help! thx.... Declare is always to assess the previous year. i.e. In year 2013 (now), we will declare for assessment year 2012 (1st Jan 2012 until 31st Dec 2012 all sorts of income). 2012 declare YA 2011 2011 declare YA 2010 ... In your case, I assume: 2011 - you did not declare for YA2010 2012 - declare YA2011, and claim some money. Then LHDN penalty you for YA2010 non-submission. Just call up LHDN, ask them which branch is your tax file. Ask them to check and you make payment by cash/cheque. Not sure credit card though. Since you are still early in taxation world, better to sort it all out and pay it. Rather than you wait longer, you get more and more salary, and there will be more things for LHDN do dig into your 7 years history in future. Remember, two things can't escape in life: death and taxes. |
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Mar 28 2013, 11:57 AM
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Junior Member
14 posts Joined: Dec 2011 |
QUOTE(cute_boboi @ Mar 28 2013, 11:00 AM) No such thing as first year don't need declare. Or just work 2 weeks in that year don't need declare. Even if you start work part-time at McD after PMR/SPM, still need to declare after request tax file (but just not taxable). Yes, i started work at Nov 2010 so 2011 i did not declare, mean is wrong action la? haizz....blame myself to trust my colleague..=(Declare is always to assess the previous year. i.e. In year 2013 (now), we will declare for assessment year 2012 (1st Jan 2012 until 31st Dec 2012 all sorts of income). 2012 declare YA 2011 2011 declare YA 2010 ... In your case, I assume: 2011 - you did not declare for YA2010 2012 - declare YA2011, and claim some money. Then LHDN penalty you for YA2010 non-submission. Just call up LHDN, ask them which branch is your tax file. Ask them to check and you make payment by cash/cheque. Not sure credit card though. Since you are still early in taxation world, better to sort it all out and pay it. Rather than you wait longer, you get more and more salary, and there will be more things for LHDN do dig into your 7 years history in future. Remember, two things can't escape in life: death and taxes. thanks for ur answer and reply, ill call to check, thank you. |
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Mar 28 2013, 03:22 PM
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All Stars
10,061 posts Joined: Dec 2004 From: Sheffield |
Yes you need to declare even if you know that you do not need to pay any tax.
I noticed alot of people are also having this thinking - what for i declare when i don't have to pay or the government is not paying me. |
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Mar 28 2013, 03:41 PM
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Junior Member
14 posts Joined: Dec 2011 |
QUOTE(bearbear @ Mar 28 2013, 03:22 PM) Yes you need to declare even if you know that you do not need to pay any tax. Yes, so very thanks for your clear reply for this.I noticed alot of people are also having this thinking - what for i declare when i don't have to pay or the government is not paying me. Hope those new fresh people just started to work will know about this too. |
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