I got mine paid diretly to my Maybank account last night. Submit the BE form last 2 weeks.
Super fast and efficient. No more cheque hassle.
I like! ;-)

Bank-in to MBB.... first reported case in LYN. Any other similar users ?

Hi,

Wanna ask an question here. Let say I bought a house last end of year, but now the in progressing 3+1 months procedures. By right there is no tax relief for purchase of residential property since instalment not started yet.
But last year I have been spent alot on legal fee, is there any way to relief this legal fee amount? Cause I'm feel like this year I really didn't gain much after deduct from expenditure, and right now have to pay tax 

Sorry for the silly question here..

Short & Simple Answer : No

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?

Where to get help or more info for first time tax payer?

Like tax payer for dummy kinda thing

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?

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

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

i have a few questions with regards to income tax:

1. if i have rental income, do i still fill in borang BE, or do I start filling in borang B already?
2. if i am employed, but own a business as well, do i need to fill in both borang BE and B, or do i just put everything into borang B only?
3. i heard that if i bought a property last year (i.e. all the documents are signed and processed in 2010), there is some tax relief?

sorry for the noob questions... thanks!

Hi vin_ann,

i have a few questions with regards to income tax:

1. if i have rental income, do i still fill in borang BE, or do I start filling in borang B already?
2. if i am employed, but own a business as well, do i need to fill in both borang BE and B, or do i just put everything into borang B only?
3. i heard that if i bought a property last year (i.e. all the documents are signed and processed in 2010), there is some tax relief?

sorry for the noob questions... thanks!


can anyone help me with my queries?

you did not get my point huh.

nvm la.

---

Added on April 12, 2011, 5:20 pm

1. Rental Income - it can be either classified under Rental Income Section 4(D) where you still can use Borang BE or Business Income Section 4(A) where you got to use Borang B.

if you are own more than 3 residential houses collecting rental or 1/2 commercial units, you will falls under Section 4(A) - Business income (Borang B)

2. as long you have business income, its Borang B.

Borang BE is only for empolyment income only.

3. Sorry cant help, as no follows up closely on updates.

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

@ vin_ann

If i were you, i will claim. In the event that income tax question me on the deduction, i will negotiate and appeal. If still not allowed, just forget it since the saving (RM300 x 25%) is not much.

If no one question me... then keep silent lor...

Bad advice.... if everyone will do like you say, then everyone can practically claim all the tax relief possible, right ?

My take on the sports equipment : it must be an item from the sports in which if you remove it, it no longer becomes that sports.
Eg.
Shuttlecocks: without it how to play badminton ?
Racquets: without it how to play badminton/tennis/squash/.... ?

BUT without shoes, can you still run the marathon ? BUT without swimming suit, can you still swim ?
- The answer is YES, thus you cannot claim these items

Please don't just simply assumed for any tax law. Since it is written in black and white and without backed by further note or explanation, it is not deductible item in respect to sport shoe. Just my 2 cents.