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 Income Tax Issues

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attahun
post Apr 6 2009, 02:37 PM

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QUOTE(elhh82 @ Apr 5 2009, 08:16 AM)
you don't need any third party to do filing for you, unless you want professional help to work out the numbers. As for the procedural bits, you can do everything online via the LHDN website. I filed my tax right where i am sitting, first time i am doing it, and did everything online.

What you have to do it:
1. Use the E-Daftar on the website to register yourself. You will get a sort of confirmation code.
2. After you get the confirmation code, wait a few days, and check the confirmation page, to get your tax reference number.
3. Send you tax reference number, home address as registered and scanned front and back copies of your IC to pin@hasil.gov.my
4. They will then send you your e-filing pin number via email.
5. Do your e-filing with your ref. number and pin number.
6. Pay online using e-payment. (Paying online will be troublesome for new registrants because of their slow databse updates, you will have to wait until the month after you filed, to be able to pay. ie: i filed in march, and i could only pay starting yesterday. )
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this is very good information. rclxms.gif
gtchye
post Apr 6 2009, 04:56 PM

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QUOTE(alxcnq @ Apr 2 2009, 05:34 PM)
One question. If i'm self employed(Form B) and my company is a Sdn Bhd do I need to feel up the Business Income section? as sdn bhd is treated as a seperate entity under the law and is seperately taxed, do i still need to fill up in my individual tax assessment form?
*
If your company is a Sdn. Bhd., it will have to submit Form C.

Chances are you are an employee of the Sdn. Bhd. company and you should submit Form BE.

That is only my guess as there are insufficient info in your question.
koopa
post Apr 6 2009, 11:15 PM

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This year no stamp duty relief?
kingadam
post Apr 6 2009, 11:29 PM

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Is there anyway to amend mine submitted form (through internet)?
just found that i forget to deduct the car allowance from the total income....
SUSadvocado
post Apr 7 2009, 06:54 AM

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Any idea how to sort things out if the company made a mistake by paying more than what they should? I haven't opened my payslip for few months and just realised the mistake they made.

As income tax filing date is close I would like to know how to sort out the numbers. I don't mind paying them back the extra or have deduction in my upcoming payslip but the tax/EPF contribution seems abit complex.

At the end of the day I don't wanna pay extra in Tax & EPF due to the finance departments' error.
g00glesYYl
post Apr 7 2009, 09:49 AM

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Hi, some question of EA form to ask for help:-
Let say,
Part A - salary is 100
Part B - dividend & Allowance is 50

then in part F - 2007 bonus is 100 (i does not declare in last yr tax because i got it only at mar 08)

When i declare tax for this yr, i need to declare as 100 + 50 + 50 ?

or just 100 + 50?


adriano
post Apr 7 2009, 04:20 PM

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Anyone an help me on this..

I got a full time job currently which annual income is about 50k[COLOR=red]. I also have my part time job which have earn about 50k [COLOR=red]for last year. I'm using e-filing BE form (part time income put in others income column) currently and found out the tax is nearly 7-8k. Actually my expenses were about 10k, but cant put in any column there.

May I know how of you all do this kind of tax filling? Is there any way to reduce my tax? urgent plz..
gtchye
post Apr 7 2009, 04:35 PM

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QUOTE(adriano @ Apr 7 2009, 04:20 PM)
Anyone an help me on this..

I got a full time job currently which annual income is about 50k[COLOR=red]. I also have my part time job which have earn about 50k [COLOR=red]for last year. I'm using e-filing BE form (part time income put in others income column) currently and found out the tax is nearly 7-8k. Actually my expenses were about 10k, but cant put in any column there.

May I know how of you all do this kind of tax filling? Is there any way to reduce my tax? urgent plz..
*
If your part time job pays you salary, then you should add the 2 salaries that you get and fill the total in the Form BE under 'penggajian'.

If you have expenses, then you should deduct your expenses first, and the net amount fill in the 'penggajian' column. However, you have to make sure that those expenses are allowed to be deducted from salaries.

If you have a salary and a 'part time business', then it is different story altogether.
adriano
post Apr 7 2009, 05:36 PM

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QUOTE(gtchye @ Apr 7 2009, 04:35 PM)
If your part time job pays you salary, then you should add the 2 salaries that you get and fill the total in the Form BE under 'penggajian'.

If you have expenses, then you should deduct your expenses first, and the net amount fill in the 'penggajian' column. However, you have to make sure that those expenses are allowed to be deducted from salaries.

If you have a salary and a 'part time business', then it is different story altogether.
*
Ya, it should be part time business (no salary but base on commission). My part time business involves traveling expenses and promotion counter/fair expenses. So for this case, for this type of business shall I include in the BE form? I also notice that there is a B form (individual with business), shall i use this?

Also, one person can submit BE and B form together?
MakNok
post Apr 7 2009, 05:39 PM

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may i know what about dividend declared by mutual fund where there stated a column "Malaysia Tax"?

how do i get the deduction and fill up the column in income tax?


keeseng12
post Apr 7 2009, 09:28 PM

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Please help me out with this portion of the e-BE form.

CODE

B. PENGIRAAN PENDAPATAN BERKANUN SEWA
1.1 PENDAPATAN KASAR SEWA                                                _______
TOLAK: Perbelanjaan yang dibenarkan:
i. Perbelanjaan faedah atas pinjaman yang dilakukan       _______
  semata-mata untuk menghasilkan pendapatan sewa
  tersebut
ii. Cukai Taksiran/Pintu                                                  _______
iii. Cukai Tanah                                                             _______
iv. Insurans                                                                  _______
   Perbelanjaan hasil lain
v. Penjagaan dan pembaikan                                         _______
vi. Memperolehi perjanjian sewa                                    _______
1.2 Jumlah perbelanjaan (i hingga vi)                             _______
C. PENDAPATAN BERKANUN SEWA (B1-B2)                               _______


I understood that this is no longer available in BE 2008 form as it has been simplified. What my question is that i have problem in declaring the real amount of rent that i obtained from the house. I need to declare it since the house is bought under my name, right?

The story is like this. This house (it's a flat/apartment) was bought by my parent under my name (more to just using my name to buy the house).
The amount of loan that they need to pay every month is RM311.
They're renting it out for RM500 per month.
The Cukai Pintu is RM140 per every half year.
The Cukai Tanah is RM80 per year.
Maintenance is RM50 per month.

In the new BE 2008 form, in row C4, how should i fill up the Rent/Royalty and Premium box? Please help me out.
GeminiGeek
post Apr 7 2009, 11:40 PM

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QUOTE(kingadam @ Apr 6 2009, 11:29 PM)
Is there anyway to amend mine submitted form (through internet)?
just found that i forget to deduct the car allowance from the total income....
*
You have to write a letter to them and redo your tax computation. Then submit them to the nearest office, and wait for their reply. However, doing amendment usually invites them to do audit on your tax filing. Good luck.

QUOTE(advocado @ Apr 7 2009, 06:54 AM)
Any idea how to sort things out if the company made a mistake by paying more than what they should? I haven't opened my payslip for few months and just realised the mistake they made.

As income tax filing date is close I would like to know how to sort out the numbers. I don't mind paying them back the extra or have deduction in my upcoming payslip but the tax/EPF contribution seems abit complex.

At the end of the day I don't wanna pay extra in Tax & EPF due to the finance departments' error.
*
Don't worry about their mistake. Let's say your EPF contribution (your portion) should be RM1,000, but your employer deducted RM1,200, you still can claim RM1,200 relief, because it is their mistake. Just file your tax based on your EA form. Unless you've been paying RM1,200, BUT your EA forms appears that you're only paying RM1,000, if that's the case, go slam the door of the department that prepares your EA form.

QUOTE(g00glesYYl @ Apr 7 2009, 09:49 AM)
Hi, some question of EA form to ask for help:-
Let say,
Part A -  salary is 100
Part B -  dividend & Allowance is 50

then in part F - 2007 bonus is 100 (i does not declare in last yr tax because i got it only at mar 08)

When i declare tax for this yr, i need to declare as 100 + 50 + 50 ?

or just 100 + 50?
*
The bayaran tunggakan part? Well, when you do your e-filing, there's a part to declare bayaran tunggakan stuff. Do login to your e-BE and see for yourself.

QUOTE(adriano @ Apr 7 2009, 05:36 PM)
Ya, it should be part time business (no salary but base on commission). My part time business involves traveling expenses and promotion counter/fair expenses. So for this case, for this type of business shall I include in the BE form? I also notice that there is a B form (individual with business), shall i use this?

Also, one person can submit BE and B form together?
*
For your case, you have to submit B instead of BE. Declare your salary income in the Penggajian part, and declare your part time business in your Pendapatan Berkanun Perniagaan part. Do fill in the maklumat kewangan perseorangan and fill in your akaun perdagangan & untung rugi if you want to claim the travelling and other related expenses. Since you're earning 100k a year, I would recommend you seek help from Tax Agents.

QUOTE(MakNok @ Apr 7 2009, 05:39 PM)
may i know what about dividend declared by mutual fund where there stated a column "Malaysia Tax"?

how do i get the deduction and fill up the column in income tax?
*
Login to your e-BE and use the HK-3.

QUOTE(keeseng12 @ Apr 7 2009, 09:28 PM)
Please help me out with this portion of the e-BE form.

CODE

B. PENGIRAAN PENDAPATAN BERKANUN SEWA
1.1 PENDAPATAN KASAR SEWA                                                _______
TOLAK: Perbelanjaan yang dibenarkan:
i. Perbelanjaan faedah atas pinjaman yang dilakukan       _______
  semata-mata untuk menghasilkan pendapatan sewa
  tersebut
ii. Cukai Taksiran/Pintu                                                  _______
iii. Cukai Tanah                                                             _______
iv. Insurans                                                                  _______
   Perbelanjaan hasil lain
v. Penjagaan dan pembaikan                                         _______
vi. Memperolehi perjanjian sewa                                    _______
1.2 Jumlah perbelanjaan (i hingga vi)                             _______
C. PENDAPATAN BERKANUN SEWA (B1-B2)                               _______


I understood that this is no longer available in BE 2008 form as it has been simplified. What my question is that i have problem in declaring the real amount of rent that i obtained from the house. I need to declare it since the house is bought under my name, right?

The story is like this. This house (it's a flat/apartment) was bought by my parent under my name (more to just using my name to buy the house).
The amount of loan that they need to pay every month is RM311.
They're renting it out for RM500 per month.
The Cukai Pintu is RM140 per every half year.
The Cukai Tanah is RM80 per year.
Maintenance is RM50 per month.

In the new BE 2008 form, in row C4, how should i fill up the Rent/Royalty and Premium box? Please help me out.
*
The rental income in your form BE is the net of your annual rental income. Make sure you prepare a rental statement similar to the above for your own record, and just in case they may want to audit your tax filing.

wkf
post Apr 8 2009, 12:31 AM

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from 2008 onwards, the dividend received deemed final div and no longer subject to tax.


mtsen
post Apr 8 2009, 12:46 AM

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QUOTE(wkf @ Apr 8 2009, 12:31 AM)
from 2008 onwards, the dividend received deemed final div and no longer subject to tax.
*
good, since most ppl don't file taxable dividen anyway ..

biggrin.gif
keeseng12
post Apr 8 2009, 07:52 AM

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QUOTE(GeminiGeek @ Apr 7 2009, 11:40 PM)
You have to write a letter to them and redo your tax computation. Then submit them to the nearest office, and wait for their reply. However, doing amendment usually invites them to do audit on your tax filing. Good luck.
Don't worry about their mistake. Let's say your EPF contribution (your portion) should be RM1,000, but your employer deducted RM1,200, you still can claim RM1,200 relief, because it is their mistake. Just file your tax based on your EA form. Unless you've been paying RM1,200, BUT your EA forms appears that you're only paying RM1,000, if that's the case, go slam the door of the department that prepares your EA form.
The bayaran tunggakan part? Well, when you do your e-filing, there's a part to declare bayaran tunggakan stuff. Do login to your e-BE and see for yourself.
For your case, you have to submit B instead of BE. Declare your salary income in the Penggajian part, and declare your part time business in your Pendapatan Berkanun Perniagaan part. Do fill in the maklumat kewangan perseorangan and fill in your akaun perdagangan & untung rugi if you want to claim the travelling and other related expenses. Since you're earning 100k a year, I would recommend you seek help from Tax Agents.
Login to your e-BE and use the HK-3.
The rental income in your form BE is the net of your annual rental income. Make sure you prepare a rental statement similar to the above for your own record, and just in case they may want to audit your tax filing.
*
Thanks for your reply. Does it means for my case over here, the net annual income from the rental will be similar to this calculation?

((RM500-EM311-RM50) x 12) - (RM280+RM80))?
RM500 is the rental
RM311 is the amount of loan need to pay to the bank
RM50 is the monthly maintenance fee
12 months per year
RM280 is cukai pintu
RM80 is cukai tanah

is that correct?
mouldybread
post Apr 8 2009, 09:17 AM

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hi all, is there anyway i could pay the tax by installment or even the credit card?
gtchye
post Apr 8 2009, 12:05 PM

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QUOTE(wkf @ Apr 8 2009, 12:31 AM)
from 2008 onwards, the dividend received deemed final div and no longer subject to tax.
*
Tax on dividends received under the single tier dividend system are considered as final tax.
Dividends received under the imputation system can still claim Section 110 credit.
You have to read what your dividend vouchers say.


Added on April 8, 2009, 12:13 pm
QUOTE(keeseng12 @ Apr 7 2009, 09:28 PM)
The story is like this. This house (it's a flat/apartment) was bought by my parent under my name (more to just using my name to buy the house).
The amount of loan that they need to pay every month is RM311.
They're renting it out for RM500 per month.
The Cukai Pintu is RM140 per every half year.
The Cukai Tanah is RM80 per year.
Maintenance is RM50 per month.

In the new BE 2008 form, in row C4, how should i fill up the Rent/Royalty and Premium box? Please help me out.
*
It is interesting to explore this :-

If the house is registered under your name, can your parent sign a rental agreement with the tenant and have the rental paid to them instead of you ? (assuming that your parents have no other income or in a lower tax bracket).


Added on April 8, 2009, 12:15 pm
QUOTE(keeseng12 @ Apr 8 2009, 07:52 AM)
Thanks for your reply. Does it means for my case over here, the net annual income from the rental will be similar to this calculation?

((RM500-EM311-RM50) x 12) - (RM280+RM80))?
RM500 is the rental
RM311 is the amount of loan need to pay to the bank
RM50 is the monthly maintenance fee
12 months per year
RM280 is cukai pintu
RM80 is cukai tanah

is that correct?
*
You are not allowed to deduct the whole loan repayment amount. Only the loan interests.

This post has been edited by gtchye: Apr 8 2009, 12:15 PM
keeseng12
post Apr 8 2009, 03:54 PM

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QUOTE(gtchye @ Apr 8 2009, 12:05 PM)
Tax on dividends received under the single tier dividend system are considered as final tax.
Dividends received under the imputation system can still claim Section 110 credit.
You have to read what your dividend vouchers say.


Added on April 8, 2009, 12:13 pm
It is interesting to explore this :-

If the house is registered under your name, can your parent sign a rental agreement with the tenant and have the rental paid to them instead of you ? (assuming that your parents have no other income or in a lower tax bracket).


Added on April 8, 2009, 12:15 pm
You are not allowed to deduct the whole loan repayment amount. Only the loan interests.
*
If my parent sign a rental agreement with the tenant and have the rental paid to them instead of me, what will happen? does it mean i don't need to declare the rent income? all the time, the tenant pay the rent to my parent but i'm not sure if the rental agreement is mentioning their name or mine.

If I only allowed to deduct the loan interests, that's means the formula will be
((Rent-LoanInterest-MaintenanceFee)x12)-(Cukai Pintu+Cukai Tanah)
is that correct?

My next question will be regarding previous undeclared income, on the row "PENDAPATAN PADA TAHUN KEBELAKANGAN".
I got an EA form from my previous company regarding undeclared income on 2007.
The EA FORM is stating the amount i earn, the EPF i contribute, and the PCB that i've paid and I understood that i can fill that up in the row "PENDAPATAN PADA TAHUN KEBELAKANGAN". BUT i can't fill up the amount of PCB that i've paid.
Does that mean that I need to add up the amount to the 2008 PCB?
b00n
post Apr 8 2009, 04:40 PM

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QUOTE(keeseng12 @ Apr 8 2009, 03:54 PM)
» Click to show Spoiler - click again to hide... «


My next question will be regarding previous undeclared income, on the row "PENDAPATAN PADA TAHUN KEBELAKANGAN".
I got an EA form from my previous company regarding undeclared income on 2007.
The EA FORM is stating the amount i earn, the EPF i contribute, and the PCB that i've paid and I understood that i can fill that up in the row "PENDAPATAN PADA TAHUN KEBELAKANGAN". BUT i can't fill up the amount of PCB that i've paid.
Does that mean that I need to add up the amount to the 2008 PCB?
*

No, you can't do that.
You have to only put in the total PCB paid excluding your "bonus paid out" PCB.

I did that mistake all this years and last year they actually charged me back for 3 years. They recalculate and asked me to pay as I've under declared.

This year, I've put in the bonus paid out in "PENDAPATAN PADA TAHUN KEBELAKANGAN" and less out that specific PCB under the "PCB paid" section. wink.gif

cyclone9
post Apr 8 2009, 04:46 PM

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let say i get salary of 2100 in jan08-july08, and 2600 in oct08-dec08
do i need to pay tax?

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