thanks, i just need walk in bank islam to open saving account?

by the way, any minimum amount requirement, keep SSPN-i account remain active?

This post has been edited by swn525: Dec 17 2019, 04:35 PM

RM20.

tax relief up to RM1680/child.

next year even crazier, up to RM1800/child.

don't play play!

Per child?
if have more childs can seek to pay lesser tax?

only can one more child and put the relief into your wife tax.

if only got 1 child that the husband already seek for tax relief, then wife cannot seek for tax relief?

This post has been edited by T231H: Dec 17 2019, 07:07 PM

it depends on whether the account opened using the husband name or wife name. only one of them can have relief.

This post has been edited by skty: Dec 17 2019, 07:08 PM

so 1 child can only be opened under either father's name or mother's name?
if father had already opened for that child, the mother cannot open again under her name for the same child?

This post has been edited by T231H: Dec 17 2019, 07:13 PM

i think both parent can open different account for same child.

if both can open, then only 1 can claim for tax relief?

This post has been edited by T231H: Dec 17 2019, 07:17 PM

one account, one relief.
one child, two accounts, two reliefs.

I think so.

still depends on how the parents file their income tax:

23. Siapakah yang layak mendapat insentif pelepasan taksiran cukai pendapatan?

Ibu bapa dan ibu bapa angkat/ penjaga yang sah dari segi undang-undang yang menyimpan dalam akaun SSPN-i untuk manfaat anak diberi pelepasan taksiran cukai pendapatan sehingga maksimum RM8,000.00 setahun berdasarkan jumlah simpanan bersih tahun semasa.

Kategori kelayakan adalah seperti berikut:

Taksiran Berasingan : Pelepasan taksiran cukai pendapatan sehingga maksimum RM8,000 SEORANG setahun.
Taksiran Bersama : Pelepasan taksiran cukai pendapatan sehingga maksimum RM8,000 setahun.

Individu yang menyimpan untuk diri sendiri TIDAK LAYAK untuk mendapat pelepasan taksiran cukai pendapatan.

thanks for the clarification...

Hi all,

What is the benefit of opening a Bank Islam account besides having the capability to withdraw via ATM?

none

Yes can, my friends is doing that for years

you are correct

Guys,

Seems like LHDN will not accept if you put in money into SSPN in December and withdraw it less than a year.

My friend got audited by LHDN and they asked for SSPN Tax Statement and also SSPN Account Statement. They say you put in the money less than a year so not elligble to claim tax deduction. He need to pay penalty because of that. Be careful guys. As long not audited, its fine.

Damn... if that (above) less than a year (unstated condition applies). my friend had been buying and selling hp and laptop for foreign workers...buy new, claim tax relief and sell it 10% less to foreign workers.....
so he owns it less than few days, thus cannot claim tax?

thanks for sharing.

knock knock wongmumkeong, just some info that I think is good to know...

can someone help to check the current status of this out, the next time if happens to go to LHDN office for business?
they need both the SSPN Tax statement AND the SSPN Account statement too?




This post has been edited by yklooi: Dec 18 2019, 06:49 PM