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 Income Tax Issues

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SUSDavid83
post Apr 11 2011, 09:49 PM

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QUOTE(vin_ann @ Apr 11 2011, 09:48 PM)
hi,

im not sure im slow or not.

Im just realized the personal relief is RM9,000 !
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I believe you're. tongue.gif

But it doesn't really matter since in the e-BE, that portion has been taken care off.
SUSDavid83
post Apr 11 2011, 10:55 PM

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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.

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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The list is annual taxable income bracket.
SUSDavid83
post Apr 11 2011, 11:08 PM

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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?
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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
SUSDavid83
post Apr 12 2011, 01:21 PM

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QUOTE(gila99 @ Apr 12 2011, 12:31 PM)
E10 Tolakan cukai seksyen 51 Akta Kewangan 2007 (dividen) 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?
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If you have dividend given by holding shares from companies listed in Bursa, then you can claim in E10.

Others are not important.
SUSDavid83
post Apr 12 2011, 03:28 PM

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QUOTE(xphossis @ Apr 12 2011, 03:07 PM)
Where to get help or more info for first time tax payer?

Like tax payer for dummy kinda thing tongue.gif
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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
SUSDavid83
post Apr 12 2011, 03:35 PM

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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.

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?
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Hi vin_ann,

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
SUSDavid83
post Apr 14 2011, 09:43 PM

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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.
SUSDavid83
post Apr 14 2011, 11:51 PM

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QUOTE(Shinichi @ Apr 14 2011, 11:15 PM)
Mean racket is eligible for claim... gonna find them when I free ask where is my rebate...
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Racquet and its consumable are entitled for relief claim such as tennis ball, squash ball, shuttlecocks and etc.
SUSDavid83
post Apr 17 2011, 05:03 PM

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Annual figure of the premium paid; not the sum insured by the policy.
SUSDavid83
post Apr 17 2011, 09:15 PM

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QUOTE(loanneeded @ Apr 17 2011, 09:14 PM)
how can i pay income tax using maybank2u?
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Try this:

http://www.maybank2u.com.my/mbb_info/m2u/p...d=/mbb/Personal
SUSDavid83
post Apr 17 2011, 09:37 PM

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QUOTE(loanneeded @ Apr 17 2011, 09:33 PM)
what is installment number when paying through maybank2u?
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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If you select Payment code 095, the installment number is greyed off (99).
SUSDavid83
post Apr 18 2011, 12:17 PM

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QUOTE(labtec @ Apr 18 2011, 11:05 AM)
what is teh difference betweent these 2?
084 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............
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Code 095


QUOTE(hyzam1212 @ Apr 18 2011, 12:14 PM)
Anybody knows whether clothes and shoes
using for sports can be considered as sports equipment or not? Just asking

Sorry found the answer ady
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Clothes and shoes (attires) are not eligible.
SUSDavid83
post Apr 18 2011, 12:26 PM

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QUOTE(hyzam1212 @ Apr 18 2011, 12:24 PM)
So, the PTPTN is the same as other study fees?
Thanks bro, found them on the previous page
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Education fee is education fee

PTPTN is referring to SSPN.
SUSDavid83
post Apr 18 2011, 06:06 PM

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QUOTE(insaint708 @ Apr 18 2011, 05:47 PM)
Can treadmill treat as part of sport equipment?
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YES.
SUSDavid83
post Apr 19 2011, 08:15 PM

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I got my refund cheque.

Filing date: 28 March
Cheque date: 13 April
Cheque arrival: today (19 April)
SUSDavid83
post Apr 19 2011, 09:26 PM

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QUOTE(green_apple @ Apr 19 2011, 09:25 PM)
Hey guys, I've just done my e-filing and now I only realised that I forgot to key in my No. Majikan!

Will it effect anything??
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I don't think that affects much.
SUSDavid83
post Apr 20 2011, 12:17 PM

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QUOTE(hyzam1212 @ Apr 20 2011, 08:52 AM)
Anybody can clarify this...

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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Computer accessories cannot be claimed for relief. Only computer/laptop/tablet PC.
SUSDavid83
post Apr 20 2011, 11:32 PM

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QUOTE(chongelicia @ Apr 20 2011, 11:30 PM)
hi, first time work, need advise from u.
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 notworthy.gif
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Please spend some time to read yourself on the eligible relieves:

http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1
SUSDavid83
post Apr 21 2011, 02:33 PM

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QUOTE(creativ @ Apr 21 2011, 02:28 PM)
Does anybody know if children's bicycle can be exempted?  icon_question.gif
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Under what category? Sports equipment?
SUSDavid83
post Apr 21 2011, 07:53 PM

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QUOTE(kinwing @ Apr 21 2011, 05:33 PM)
Hi all,

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...happy.gif!!
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I left it empty.

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