QUOTE(vin_ann @ Apr 11 2011, 09:48 PM)
I believe you're. But it doesn't really matter since in the e-BE, that portion has been taken care off.
Income Tax Issues
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Apr 11 2011, 09:49 PM
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#101
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Apr 11 2011, 10:55 PM
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#102
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QUOTE(QuickFire @ Apr 11 2011, 10:53 PM) Guys I'm a fresh grad, I only started working late last year so I won't have to file for tax, but I would like to know how the tax is charged. The list is annual taxable income bracket.I've always heard people saying there is no tax for those with monthly income less than RM 2500 monthly / RM 30,000 annually, but I can't seem to find this anywhere in the hasil.gov.my website. Is it true? Anyway, say I earn RM 30,000 a year. My chargeable income would be something like = RM 30,000 - 11% EPF - RM 9,000 personal relief - all other tax relief items Correct? And once I arrive at that amount, I can use the list from http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=11 to see how much I'm going to be taxed. Btw, that list is based on annual income right? |
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Apr 11 2011, 11:08 PM
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#103
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QUOTE(QuickFire @ Apr 11 2011, 11:07 PM) Well going by that list... if someone earns RM 1,500 per month/RM 18,000 annually, after deducting the personal tax relief and EPF, there will probably still be chargeable income? So it's not true that you have to earn above RM 2500 per month to be liable for tax? Those are just general guidelines to calculate for monthly PCB deduction.Ultimately, everything comes back to the chargeable annual income after all the relieves and rebates. This post has been edited by David83: Apr 11 2011, 11:10 PM |
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Apr 12 2011, 01:21 PM
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#104
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QUOTE(gila99 @ Apr 12 2011, 12:31 PM) E10 Tolakan cukai seksyen 51 Akta Kewangan 2007 (dividen) E10 If you have dividend given by holding shares from companies listed in Bursa, then you can claim in E10.E11 Tolakan cukai seksyen 110 (lain-lain) E11 E12 Pelepasan cukai seksyen 132 E13 Pelepasan cukai seksyen 133 hi, what should i fill in these columns? Others are not important. |
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Apr 12 2011, 03:28 PM
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#105
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QUOTE(xphossis @ Apr 12 2011, 03:07 PM) Read this: http://thestar.com.my/news/story.asp?file=...00949&sec=focus And this: http://thestar.com.my/news/story.asp?file=...0248&sec=nation This post has been edited by David83: Apr 12 2011, 03:29 PM |
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Apr 12 2011, 03:35 PM
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#106
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QUOTE(vin_ann @ Apr 12 2011, 03:13 PM) i have 1 scenario on claim for Sport equipment tax relief maximum claims RM300. Hi vin_ann, as some of you might know, Sport equipments tax relief did not include sport attire and sport shoe. Here's my scenario: Im a marathoner runner. i run 42km marathon. Can i claims my running shoe under sport equipment tax relief ? i asked 1 friend who practice in tax: her reply said Once IRB said can not, then its Can not claim. while another 1 friend who also practice in tax, said i got my reason on claiming the the tax relief as its "Running Shoe" not sport shoe. Its a running shoe used for training for marathon and used for marathon. with this basis, she suggested me to claim RM300. What's other opinion? QUOTE Sports equipment > Purchase of sports items is exempted from tax to encourage healthy lifestyle among Malaysians. Does this include fees for gym membership and the personal trainer that we hire at the gym? Does this include items like training mat, fit balls, dumbbells, barbells, treadmill and others? A maximum tax relief of RM300 is allowed in respect of expenses for the purchase of sports equipment for any sports activity as defined under the Sports Development Act 1997, evidenced by receipts for the purchase. The sports activities listed in the First Schedule of the Sports Development Act 1997 include athletics, badminton, body building, canoeing, fencing, golf, recreational, sepak takraw, table tennis, water sports, and more. Gym membership and personal training session costs do not qualify for tax relief since they are not sports equipment. To date, the LHDN has not issued a specific list of qualifying sports equipment. Equipment such as dumbbells and barbells may arguably qualify as sports equipment. URL: http://thestar.com.my/news/story.asp?sec=f...1/focus/5988821 QUOTE EFFECTIVE from year of assessment 2008, taxpayers are given a relief of up to RM300 yearly for the purchase of sports equipment. Equipment that are entitled to this relief are those used for sporting activities as defined under the Sports Development Act 1997. I would be pleased if you could provide some examples of the sports equipment that will be entitled to this relief. It is interesting to note that in the guidebook for the year of assessment 2008 (Buku Panduan Borang B 2008 – pdf version), it is mentioned that sports shoes are excluded. This may seem as an anomaly as a pair of running shoes may be a major “equipment” used in athletics, a sport defined under the Sports Development Act 1997. – FOOK A TAX deduction is allowed for an amount limited to a maximum of RM300 in respect of expenses expended for the purchase of sports equipment for any sports activity as defined under the Sports Development Act 1997, as evidenced by receipts issued. The term sports activity is listed in the First Schedule of the Sports Development Act 1997 and ranges from athletics, badminton, canoeing, fencing, golf, recreational, sepak takraw, table tennis to watersport, etc. You are correct to point out that whilst equipment with short lifespan e.g. golf balls and shuttlecocks have been accepted by the IRB in the Buku Panduan, certain sports attire have specifically been excluded e.g. swimsuits and sports shoes. URL: http://thestar.com.my/news/story.asp?file=...27810&sec=focus This post has been edited by David83: Apr 12 2011, 03:38 PM |
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Apr 14 2011, 09:43 PM
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#107
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Because the sports equipment relief was introduced back in 2008. So the explanatory note is still valid until today as there's no refinement on that relief.
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Apr 14 2011, 11:51 PM
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#108
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Apr 17 2011, 05:03 PM
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#109
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Annual figure of the premium paid; not the sum insured by the policy.
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Apr 17 2011, 09:15 PM
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#110
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QUOTE(loanneeded @ Apr 17 2011, 09:14 PM) Try this: http://www.maybank2u.com.my/mbb_info/m2u/p...d=/mbb/Personal |
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Apr 17 2011, 09:37 PM
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#111
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QUOTE(loanneeded @ Apr 17 2011, 09:33 PM) what is installment number when paying through maybank2u? If you select Payment code 095, the installment number is greyed off (99).payment code should be bayaran cukai pendapatan (tiada ansuran)? Added on April 17, 2011, 9:35 pmok, nvm . it say • Please key-in zero in your installment number if it is not applicable. |
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Apr 18 2011, 12:17 PM
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#112
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QUOTE(labtec @ Apr 18 2011, 11:05 AM) what is teh difference betweent these 2? Code 095084 Tax Instalment Payment - Individual 095 Income Tax Payment (excluding instalment scheme) Added on April 18, 2011, 11:07 amand if using maybank online payment, it will ask to choose bayaran cukai or penyelesaian cukai which one to choose? why so confusing one............ QUOTE(hyzam1212 @ Apr 18 2011, 12:14 PM) Anybody knows whether clothes and shoes Clothes and shoes (attires) are not eligible.using for sports can be considered as sports equipment or not? Just asking Sorry found the answer ady |
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Apr 18 2011, 12:26 PM
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#113
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Apr 18 2011, 06:06 PM
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#114
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Apr 19 2011, 08:15 PM
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#115
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I got my refund cheque.
Filing date: 28 March Cheque date: 13 April Cheque arrival: today (19 April) |
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Apr 19 2011, 09:26 PM
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#116
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Apr 20 2011, 12:17 PM
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#117
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QUOTE(hyzam1212 @ Apr 20 2011, 08:52 AM) Anybody can clarify this... Computer accessories cannot be claimed for relief. Only computer/laptop/tablet PC.What about the computer accessories that we bought after the purchase of the laptop for example battery charger (in case of not cover by guarantee)? Can it be exempted? |
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Apr 20 2011, 11:32 PM
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#118
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QUOTE(chongelicia @ Apr 20 2011, 11:30 PM) hi, first time work, need advise from u. Please spend some time to read yourself on the eligible relieves:after get new pin, what should i do? original we have made the money, now we can use receipt to claim back? or we have to pay additional to them? can advise how to do? what kind of receipt can claim back the tax? hope to hear from u http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1 |
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Apr 21 2011, 02:33 PM
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#119
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Apr 21 2011, 07:53 PM
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#120
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QUOTE(kinwing @ Apr 21 2011, 05:33 PM) Hi all, I left it empty.When we try to fill in the 1st page of personal information for BE form, there is a field of 'Compliance of Public Rulling', and the selection of the field is either 'Yes' or 'No'. So I would like to ask for anyone of you who know what is that field means? Can I just select 'No'? My mistake that I did not even notice that field for my past few year tax filling... |
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