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 Income Tax Issues

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attahun
post Mar 14 2009, 07:26 AM

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QUOTE(Andrew Lim @ Mar 14 2009, 01:40 AM)
I have a question about this:
Is this where I put all the total sum of the EPF that's been deducted from my salary in 2008? So I should sum up the amount in my 2008 EPF statement under the Syer Pekerja column?

Edit: Er, I just found out the EA form states the total amount EPF paid by me. So... I guess I use this amount?
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yes. EPF in EA form.

Your company might have life/medical insurance coverage so that counts as well.
SUSDavid83
post Mar 14 2009, 10:38 AM

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QUOTE(attahun @ Mar 14 2009, 07:26 AM)
yes. EPF in EA form.

Your company might have life/medical insurance coverage so that counts as well.
*
What you meant by your company might have life/medical insurance coverage so that counts as well?

Count as in what?
sotong168
post Mar 14 2009, 10:45 AM

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Hi all, for the "PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN" section, i got arrears payment in year 2007 to be reported, however the e-Filing does not has "PCB" column in this section which i actually had paid for arrears payment, what should I do? Appreciate your enlightening...
b00n
post Mar 14 2009, 10:51 AM

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I got charged back by LHDN for 4 years because of that too.
The mistake I did was I reported the arrears in that section but I declared my overall PCB deduction inclusive of the "bonus" payout in one lump sum.

What I'm going to do this year is filling all those under the same line as earnings, i.e. the total earnings stated in EA form + bonus received previous year under the same line.

Unless there's any other suggestions. hmm.gif
SUSDavid83
post Mar 14 2009, 11:14 AM

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I'm still waiting for my EA form from HR.

Rough assessment showed that I need to pay RM 100+ and monthly PCB deduction is not enough to cover.
attahun
post Mar 14 2009, 12:12 PM

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QUOTE(David83 @ Mar 14 2009, 10:38 AM)
What you meant by your company might have life/medical insurance coverage so that counts as well?

Count as in what?
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life insurance and KWSP (terhad RM6,000) - so if your EPF contribution is RM4500 and company life insurance let's say rm600 (provided stated in ur salary slip the deductions every month), so you can claim under that exemption a value of rm5100 and not just rm4500. get it?
sotong168
post Mar 14 2009, 01:45 PM

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QUOTE(b00n @ Mar 14 2009, 10:51 AM)
I got charged back by LHDN for 4 years because of that too.
The mistake I did was I reported the arrears in that section but I declared my overall PCB deduction inclusive of the "bonus" payout in one lump sum.

What I'm going to do this year is filling all those under the same line as earnings, i.e. the total earnings stated in EA form + bonus received previous year under the same line.

Unless there's any other suggestions.  hmm.gif
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better be safe than sorry, will call them up for clarification by monday.

1-300-88-3010 (mon to fri 7.30am to 5.30pm)
03-42893636 (24hr hotline)

b00n
post Mar 14 2009, 02:07 PM

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QUOTE(sotong168 @ Mar 14 2009, 01:45 PM)
better be safe than sorry, will call them up for clarification by monday.

1-300-88-3010 (mon to fri 7.30am to 5.30pm)
03-42893636 (24hr hotline)
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And pls update us if you got any infor. wink.gif

Andrew Lim
post Mar 14 2009, 05:39 PM

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Under INCOME OF PRECEDING YEARS NOT DECLARED, the 4th column Provident and Pension Fund Contribution, does this include PCB + EPF, or just EPF?

Edit: I think I should put (Total Income) under Amaun kasar Gross Amount.

This post has been edited by Andrew Lim: Mar 15 2009, 05:08 PM
tntdiablo
post Mar 14 2009, 07:41 PM

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Dear All,

This would be my first year filling tax return so im kinda blur and do not know how should i do it?
In my situation, im working for a company who pays me RM2k per month, other than that i do have my one sole proprieter business register with SSM, my company is currently earning and average of RM 3k per month. The question is how should i declare my tax?
1) which form should i fill, Borang B or BE?
2) Can i declare both of my salaried income and business income in one form?

Thanks in advance.
SUSjasonhanjk
post Mar 14 2009, 07:53 PM

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Both income are submit together but business income should deduct expenses first.
babychai
post Mar 14 2009, 08:35 PM

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Borang B since u got carry on business.
soniqvique
post Mar 15 2009, 12:23 AM

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hi all...

this is my first time filling in income tax so i'm a bit blur to to all of this... sweat.gif

hope you guys could help me on these questions:

1. Purpose of Borang BE

2. Purpose of Borang EA

3. Is Borang EA acts as a reference when filling up Borang BE?? i switch company in May'08 so the borang EA provided by my current company only states my total income from Jun'08 onwards...can i just add up the salary i rec from Jan-May with the one i got from my current company and declare under Borang BE? btw, do i need to provide any supporting documents for the above? icon_question.gif






Andrew Lim
post Mar 15 2009, 01:49 AM

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QUOTE(soniqvique @ Mar 15 2009, 12:23 AM)
1. Purpose of Borang BE

2. Purpose of Borang EA

3. Is Borang EA acts as a reference when filling up Borang BE?? i switch company in May'08 so the borang EA provided by my current company only states my total income from Jun'08 onwards...can i just add up the salary i rec from Jan-May with the one i got from my current company and declare under Borang BE? btw, do i need to provide any supporting documents for the above?  icon_question.gif
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I'm also quite new to this, but from what I gather so far...

1. Borang BE is for employees who don't have income from businesses. According to the English Hasil FAQ:
QUOTE
Q81: What is the difference between Form BE and Form B?
A81: Form BE – income under Section 4(b) - 4(f) of the Income Tax Act
1967 and is completed by an individual deriving income other than from a
business source.


2. Borang EA is a Statement of Remuneration from Employment. This form EA must be prepared and provided to the employee for income tax purposes.

3. EA is a reference to fill up BE. And I think you have to declare all your income for the whole year. Your previous company should have prepared an EA for you also. For the employer number, use your current employer.


Added on March 15, 2009, 3:24 pmDoes anybody know what this section is all about?

Ketetapan Umum Dipatuhi
Compliance with Public Rulings


You're allowed to select Yes or No.

So I read the FAQ, and it says
QUOTE
Q9: What is a Public Ruling?
A9: The Public Ruling is issued for the purpose of providing guidance to
the public and officers of the Inland Revenue Board. It sets out the
interpretation of the Director General of Inland Revenue in respect of the
particular tax law. The field in ( A6 ) has to be completed to show that each
of the Public Ruling issued by the IRBM has been understood and
complied. If the Public Ruling has been complied, enter ‘1’ in the relevant
field. If one or more Public Rulings are not complied with, please choose
number ’2’
You may view the Public Ruling at the website www.hasil.org.my.


Er, okay. But I still don't know if I've complied with the rulings or not.

Interestingly, the default option on the e-filing site is "", based on the HTML code:
CODE
<option value="" selected="selected"/>
<option value="1">YA (YES)</option>
<option value="2">TIDAK (NO)</option>


This post has been edited by Andrew Lim: Mar 15 2009, 03:24 PM
pychan
post Mar 15 2009, 06:10 PM

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QUOTE(attahun @ Mar 6 2009, 11:56 PM)
always not-so-smart moves the G likes to make.
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it is confirm the rate revsied and higher and we pay more.

so teh money we pay extra , tehy can generate money somwhere else, since it is also interest free,

let say , each invidual pay extea rm500, how much they can earn already, ritE?

it is cosnpiracy

soniqvique
post Mar 15 2009, 10:44 PM

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Thanks for that reply

I guess then i need to get the EA from my previous employer...hope they still have it in their system...
Does that mean when we submit our Borang BE do we need to provide them Borang EA as reference too??


SUSDavid83
post Mar 16 2009, 12:28 AM

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QUOTE(soniqvique @ Mar 15 2009, 10:44 PM)
Thanks for that reply

I guess then i need to get the EA from my previous employer...hope they still have it in their system...
Does that mean when we submit our Borang BE do we need to provide them Borang EA as reference too??
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You do not need to submit along your EA form.
BoltonMan
post Mar 16 2009, 08:22 AM

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this news got announce in newspaper ? the stupid government covers it ?
ICDeadPeople
post Mar 16 2009, 09:09 AM

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Well, its totally different with we. Our HR told me a month back that they will reduce the PCB deduction by 1%.
wufei
post Mar 16 2009, 10:01 AM

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QUOTE(kswong77 @ Mar 6 2009, 06:56 PM)
yup, the new PCB will be higher.  sad.gif  and another thing is: it is more complicated. make those HR Department and Tax Agent difficult life.

i dun understand why Beeeeeeeennnnddddddddd want to change this. the old system already established quite sometimes and everybody happy with that.

this is our Beeeeeeeeennnnnnnddddddddddd, bad thing never amend, good thing sure amend.
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This is not silly at all. The new system is definately better than the old.

the OLD system is not accurate. Everytime will have balance of tax paid.

If you are hardworking enough, go and do some research on formulas IRB use, then only complain.

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