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 Income Tax Issues

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chanti-sama
post Mar 19 2009, 10:47 PM

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happy4ever, for the past 2 year 2007 + 2008 i'm working overseas and lhdn mailed me the BE form(2008). how am i suppose to proceed?

technically am i eligible to pay taxes? since i'm not in the country?
babychai
post Mar 19 2009, 11:33 PM

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QUOTE(chanti-sama @ Mar 19 2009, 10:47 PM)
happy4ever, for the past 2 year 2007 + 2008 i'm working overseas and lhdn mailed me the BE form(2008). how am i suppose to proceed?

technically am i eligible to pay taxes? since i'm not in the country?
*
Form BE is for Resident who does not carry on business in Malaysia.

An individual is regarded as tax resident if he meets any of the following conditions, i.e. if he is
- in Malaysia for at least 182 days in a calendar year;
- in Malaysia for a period of less than 182 days during the year
(“shorter period”) but that period is linked to a period of physical presence of 182 or more “consecutive” days in the following or preceding year (“longer period”). Temporary absences from Malaysia for certain specified reasons during the shorter or longer period are counted as part of the consecutive days, provided that the individual is in Malaysia before and after each temporary absence;
- in Malaysia for 90 days or more during the year and, in any 3 of the 4 immediately preceding years, he was in Malaysia for at least 90 days or was resident in Malaysia;
- resident for the year immediately following that year and for each of the 3 immediately preceding years.

You hv to submit Borang BE & pay tax if u meet any conditions above. If not u still hv to pay yr tax and submit Form M (Return form of a non-resident invidual) instead of Borang BE.

Correct me if i'm wrong icon_rolleyes.gif
penangmee
post Mar 19 2009, 11:51 PM

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[quote=chanti-sama,Mar 19 2009, 10:47 PM]
happy4ever, for the past 2 year 2007 + 2008 i'm working overseas and lhdn mailed me the BE form(2008). how am i suppose to proceed?

technically am i eligible to pay taxes? since i'm not in the country?
*

[/quote]

Depends on whether you have any income from Malaysia- rent/dividends. If not then depends on who your employer is. If Govt ie you are with Foreign ministry/other govt agencis then yes salary is taxable.

If foreign employer then ,the salary earned abroad is not taxable in Malaysia.Just return the BE form with explanation note.


*

[/quote]

ttwangsa
post Mar 20 2009, 02:10 AM

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if i rent out an office, and there is a cleaner who cleans the office,
and i pay the cleaner, the amount paid is deductible under expenses, yes?

if i have a SOHO, at home, and i pay my maid to to the same thing,
clean up after me
can i deduct her salary under expenses?


violin_player84
post Mar 20 2009, 09:16 AM

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during the YA if you stayed in malaysia less than 60 days ..then no need because no Permanent establishment smile.gif
chanti-sama
post Mar 20 2009, 10:41 AM

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ic.... is there a procedure to notify them that i'm not eligible for tax?
babychai
post Mar 21 2009, 05:18 AM

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QUOTE(violin_player84 @ Mar 20 2009, 09:16 AM)
during the YA if you stayed in malaysia less than 60 days ..then no need because no Permanent establishment smile.gif
*
aik..this is not apply for foreigner who working in M'sia but less than 60 days meh?
wufei
post Mar 21 2009, 07:53 AM

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Someone has done the spring cleaning.
Why my post disappear from this thread? and plunge to a closed thread>
cherroy
post Mar 21 2009, 10:49 AM

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QUOTE(wufei @ Mar 21 2009, 07:53 AM)
Someone has done the spring cleaning.
Why my post disappear from this thread? and plunge to a closed thread>
*
I don't know what you are talking about. But there are another income tax related thread is going on if you can't find income tax related discussion, besides this one.
http://forum.lowyat.net/topic/654361/+240

Posts won't be deleted or disappeared simply, only those non-related to the topic discussed or post being reported offensive etc will not be showed and taken action on it.
Even if a topic is closed, whatever posts are still there.

Edited, none of the post in this thread is being reported nor any modification has been done before. It is still a clean stage topic until now which forumers are contributing lot of information in between. notworthy.gif

This post has been edited by cherroy: Mar 21 2009, 10:51 AM
wufei
post Mar 21 2009, 10:53 AM

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http://forum.lowyat.net/topic/649044

this post suppose to belong here but it was moved to a closed thread.

Is that means my post is non-related to the topic discussed or post being reported offensive etc
cherroy
post Mar 21 2009, 11:01 AM

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QUOTE(wufei @ Mar 21 2009, 10:53 AM)
http://forum.lowyat.net/topic/649044

this post suppose to belong here but it was moved to a closed thread.

Is that means my post is non-related to the topic discussed or post being reported offensive etc
*
The reason could be duplicating discussion (income tax related issue), which someone might report it, which fellow moderators or TS himself closed it which I am not aware it. Moderators rarely move individual post to other topic unless requested by poster him/herself.

Edited : do you post in this thread in the first place or just a mistake as it is unlikely moderators moving your posts to a closed topic which I am not aware of.

It is best interest to all, all discussion being concentrated in one thread so that ease fo reference and serve a platform of information. Thank you for the cooperation.

If really need the closed thread, and merged into this thread, can PM the moderator.

Cheers.

This post has been edited by cherroy: Mar 21 2009, 11:22 AM
b00n
post Mar 21 2009, 12:27 PM

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To clear the air;
I'm responsible to move it here as it is related to income tax issues.
I didn't move that post of yours which is left untouched as I felt that it's just a sarcastic remark which bears no help to the said poster asking the question.

It's better to have a consolidated topic as income tax filing is near.

Cheers.
cute_boboi
post Mar 23 2009, 12:06 PM

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For income tax RM300 deductions on sports equipments, I read from yesterday (or Saturday?) TheStar saying:
1) Sport shoes are not deductible (even if you are an atheletic runner)
2) However, short-lasting equipments like badminton shuttlecocks, etc. are allowed.

I try find in www.hasil.gov.my for the FAQ or doc or more info, but can't it. Anyone can help to point the link on what are the items allowed or not allowed ?
truth_seeker_09
post Mar 23 2009, 05:46 PM

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i checked with the efilling today. found out that HK3 form is included in the system this year. So do we need to go to LHDN to verify all the dividend voucher?
stupidbump
post Mar 23 2009, 07:17 PM

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Been following this thread.

Just wondering, in the

Complete medical examination for self, spouse or child (Restricted to 500)

Purchase of books/magazines/journals/similar publications (except newspapers and banned reading materials) for self, spouse or child (Restricted to 1,000)

Purchase of personal computer for individual (deduction allowed once in every 3 years) (Restricted to 3,000)

the amount we fill in via e-filling, how are they going to verify if the amount i entered is correct.

do i need to submit the receipts or just wait for them to check up and demand for proof of purchases?

if just fill in any amount, CAN OR NOT? lolz

babychai
post Mar 23 2009, 07:31 PM

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QUOTE(cute_boboi @ Mar 23 2009, 12:06 PM)
For income tax RM300 deductions on sports equipments, I read from yesterday (or Saturday?) TheStar saying:
1) Sport shoes are not deductible (even if you are an atheletic runner)
2) However, short-lasting equipments like badminton shuttlecocks, etc. are allowed.

I try find in www.hasil.gov.my for the FAQ or doc or more info, but can't it. Anyone can help to point the link on what are the items allowed or not allowed ?
*
Bro, sport shoes is sportswear not equipment doh.gif
mytrader
post Mar 23 2009, 07:41 PM

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QUOTE(stupidbump @ Mar 23 2009, 07:17 PM)
Been following this thread.

Just wondering, in the

Complete medical examination for self, spouse or child (Restricted to 500)

Purchase of books/magazines/journals/similar publications (except newspapers and banned reading materials) for self, spouse or child (Restricted to 1,000)

Purchase of personal computer for individual (deduction allowed once in every 3 years) (Restricted to 3,000)

the amount we fill in via e-filling, how are they going to verify if the amount i entered is correct.

do i need to submit the receipts or just wait for them to check up and demand for proof of purchases?

if just fill in any amount, CAN OR NOT? lolz
*
You are responsible to declare your actual numbers. Yes, you can fill in what ever you want, but if you get audited, you are required to prove what you have declared.
babychai
post Mar 23 2009, 08:00 PM

I go to work because my name is not in Forbes list
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From: Petaling Jaya



QUOTE(stupidbump @ Mar 23 2009, 07:17 PM)
Been following this thread.

Just wondering, in the

Complete medical examination for self, spouse or child (Restricted to 500)

Purchase of books/magazines/journals/similar publications (except newspapers and banned reading materials) for self, spouse or child (Restricted to 1,000)

Purchase of personal computer for individual (deduction allowed once in every 3 years) (Restricted to 3,000)

the amount we fill in via e-filling, how are they going to verify if the amount i entered is correct.

do i need to submit the receipts or just wait for them to check up and demand for proof of purchases?

if just fill in any amount, CAN OR NOT? lolz
*
Once u submitted yr form...IRB will treat yr account / tax are correct first. after that, when IRB's staff are free then they will start doing their job. they use the computer and select based on evalaution risk criteria. Beside that they also will select base on location, industries, third-party etc to do the tax audit.
Receipts no need submit to them. If they selected u then u maybe have to provide all/some of the receipts/documents for them to audit yr accounts. that's y u hv to keep all the relevant documents up to 7 years.
if they found out, u simply fill in the amount then u'll kena penalty lo.
kingadam
post Mar 23 2009, 08:58 PM

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http://mytaxation.blogspot.com/2009/02/inc...e-tax-free.html

For me i think this is quite a diff comparing to last year. However in the last section it stated that
THE ABOVE EXEMPTIONS ARE NOT APPLICABLE TO EMPLOYEES HAVING CONTROL OVER THE COMPANY, SOLE PROPRIETORS OR PARTNERS OF PARTNERSHIP BUSINESSES.

If i am working in a SDN. BHD. company then i won't be enjoy all these benefit is it?
stupidbump
post Mar 24 2009, 01:28 AM

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QUOTE(babychai @ Mar 23 2009, 08:00 PM)
Once u submitted yr form...IRB will treat yr account / tax are correct first. after that, when IRB's staff are free then they will start doing their job. they use the computer and select based on evalaution risk criteria. Beside that they also will select base on location, industries, third-party etc to do the tax audit.
Receipts no need submit to them. If they selected u then u maybe have to provide all/some of the receipts/documents for them to audit yr accounts. that's y u hv to keep all the relevant documents up to 7 years.
if they found out, u simply fill in the amount then u'll kena penalty lo.
*
Then i just go stationery shop buy few receipt books lo.
Can?

Cause for eg, my CPU bought last year, the receipt also hand written only wor.
That one they accept also right?

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