work in oversea no need to pay tax to malaysia . however if oversea charged u a tax ... u can always get a tax credit from malaysia irb ...
*only apply to countries which have DTA with malaysia
Income Tax Issues
Income Tax Issues
|
|
Mar 24 2009, 08:45 AM
|
![]() ![]()
Junior Member
289 posts Joined: Sep 2005 |
work in oversea no need to pay tax to malaysia . however if oversea charged u a tax ... u can always get a tax credit from malaysia irb ...
*only apply to countries which have DTA with malaysia |
|
|
|
|
|
Mar 24 2009, 11:48 AM
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,177 posts Joined: Nov 2007 |
I've just logged into the e-filing thing for the first time and noticed that it's lacking in some things. For example, there is a space to declare rental income but no space to enter expenses related to that rental? Or should I just enter the net rental income after all expenses have been deducted?
|
|
|
Mar 24 2009, 12:04 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
|
|
|
Mar 24 2009, 12:12 PM
|
![]() ![]() ![]() ![]()
Senior Member
593 posts Joined: Dec 2008 |
QUOTE(kingadam @ Mar 23 2009, 08:58 PM) http://mytaxation.blogspot.com/2009/02/inc...e-tax-free.html employees having control over company is quite subjective, isn't it?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? |
|
|
Mar 24 2009, 12:16 PM
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,177 posts Joined: Nov 2007 |
Also another question. Bonuses are considered for the year they are paid right? I mean if I get paid a bonus in February 2009, this should really be considered for income tax purposes only for 2009 even though on paper the bonus is supposedly for services rendered in 2008. Is that correct?
|
|
|
Mar 24 2009, 12:31 PM
|
![]() ![]() ![]() ![]()
Senior Member
593 posts Joined: Dec 2008 |
QUOTE(wankongyew @ Mar 24 2009, 12:16 PM) Also another question. Bonuses are considered for the year they are paid right? I mean if I get paid a bonus in February 2009, this should really be considered for income tax purposes only for 2009 even though on paper the bonus is supposedly for services rendered in 2008. Is that correct? depends on EA form. just follow the EA form.Added on March 24, 2009, 12:32 pm QUOTE(cute_boboi @ Mar 24 2009, 12:04 PM) But to a runner (marathon), it is his most basic equipment. However, LHDN does not accept it. download the "buku penerangan borang be2008" from their website. its in there.Anyone has the weblink which details all the items allowed to deduct from tax (max RM300) ? This post has been edited by attahun: Mar 24 2009, 12:32 PM |
|
|
|
|
|
Mar 24 2009, 01:25 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
QUOTE(attahun @ Mar 24 2009, 12:31 PM) depends on EA form. just follow the EA form. Thanks for the info. Further digging and I found this to share with everyone here:Added on March 24, 2009, 12:32 pm download the "buku penerangan borang be2008" from their website. its in there. A) RESIDENT INDIVIDUAL Employment and Other Income (Without Business Income) Explanatory Notes BE2008 This form is only for viewing. Please use the Malay language version for submission to the Inland Revenue Board of Malaysia. CODE D8C PURCHASE OF SPORTS EQUIPMENT An amount limited to a maximum of RM300 is deductible in respect of expenses expended by the individual for the purchase of sports equipment for any sports activity as defined under the Sports Development Act 1997. Sports equipment includes equipment with short lifespan e.g. golf balls and shuttlecocks but excluding sports attire, e.g. swimsuits and sports shoes. This post has been edited by cute_boboi: Mar 24 2009, 01:27 PM |
|
|
Mar 24 2009, 02:33 PM
|
![]() ![]() ![]() ![]()
Junior Member
523 posts Joined: Aug 2007 |
QUOTE(sotong168 @ Mar 14 2009, 10:45 AM) 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... QUOTE(b00n @ Mar 14 2009, 10:51 AM) I got charged back by LHDN for 4 years because of that too. boon izit u meant tat I can declare 2008 income + 2007 bonus tat paid in 2008 together??? anyone know exactly what to do for this case???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. |
|
|
Mar 25 2009, 09:44 PM
|
![]() ![]()
Junior Member
127 posts Joined: Feb 2007 |
guys.. got some questions to ask on this "PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN" will i get penalize if the figure reported under this field doesn't exactly match with the figure on my past year ea form?
|
|
|
Mar 25 2009, 11:20 PM
|
![]() ![]() ![]() ![]()
Senior Member
581 posts Joined: Jan 2003 From: Singapore |
Hi all,
Some advices are needed. I have started working in Singapore from 2008/01 till now. So, am I still need to fill BE form and declare I do not have income earned in Malaysia? I was doing tax-filling for the past few years. Thanks for the help. |
|
|
Mar 26 2009, 05:02 AM
|
![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
1,211 posts Joined: Aug 2008 |
hi, just want to ask..
I have worked in year 2007 and i didn't declare tax last year since my income is low and is not tax-able tat time. So, for 2008 tax declaration now(which is my 1st time declare tax), do i need to fill in the income of year 2007 in "PENDAPATAN TAHUN KEBELAKANGAN YANG BELUM DILAPORKAN" section??? |
|
|
Mar 26 2009, 11:26 AM
|
![]() ![]() ![]() ![]()
Senior Member
593 posts Joined: Dec 2008 |
QUOTE(ncs_malaysia @ Mar 25 2009, 11:20 PM) Hi all, if not mistaken, failure to declare (even though not taxable) will subject you to LHDN penalty. others can correct me if i'm wrong.Some advices are needed. I have started working in Singapore from 2008/01 till now. So, am I still need to fill BE form and declare I do not have income earned in Malaysia? I was doing tax-filling for the past few years. Thanks for the help. |
|
|
Mar 26 2009, 12:09 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
QUOTE(attahun @ Mar 26 2009, 11:26 AM) if not mistaken, failure to declare (even though not taxable) will subject you to LHDN penalty. others can correct me if i'm wrong. From my understanding, whether your income is above/below, as long as there is income, it is the individual responsibility to declare the income, even if you earn RM10 per month (=RM120 p.a.).You will still need to register, request BE form, fill up RM120 (penggajian), then RM8000 personal relief. Hence, taxable amount = 0 Tax payable = 0 But a lot of people have this Tidak Apa attitude, say below RM30k no need to declare, don't waste time fill up form, etc. |
|
|
|
|
|
Mar 26 2009, 02:14 PM
|
![]() ![]() ![]()
Junior Member
319 posts Joined: Dec 2008 |
last time i asked at LHDN. They only look at pay date.
if pay date is 2008 then you have to declare for 2008 tax. QUOTE(wankongyew @ Mar 24 2009, 12:16 PM) |
|
|
Mar 26 2009, 02:35 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle |
QUOTE(cute_boboi @ Mar 26 2009, 12:09 PM) From my understanding, whether your income is above/below, as long as there is income, it is the individual responsibility to declare the income, even if you earn RM10 per month (=RM120 p.a.). usually get caught/audit if your income is taxable.....that including when u suddenly buy a car or a houseYou will still need to register, request BE form, fill up RM120 (penggajian), then RM8000 personal relief. Hence, taxable amount = 0 Tax payable = 0 But a lot of people have this Tidak Apa attitude, say below RM30k no need to declare, don't waste time fill up form, etc. i think they wont bother with u if your income is below taxable amount.....maybe for those with business license my salary is below taxable income....and i didnt fill any form for almost 5-6 years....never see anyone knock on my door before This post has been edited by dr2k3: Mar 26 2009, 02:38 PM |
|
|
Mar 26 2009, 03:27 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
QUOTE(dr2k3 @ Mar 26 2009, 02:35 PM) usually get caught/audit if your income is taxable.....that including when u suddenly buy a car or a house They do random audit lah. i think they wont bother with u if your income is below taxable amount.....maybe for those with business license my salary is below taxable income....and i didnt fill any form for almost 5-6 years....never see anyone knock on my door before I kena before, but nothing to scare, as I have everything in order including receipts and explanation. Just like going to interview and show your certs, etc. |
|
|
Mar 26 2009, 03:34 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle |
QUOTE(cute_boboi @ Mar 26 2009, 03:27 PM) They do random audit lah. they got so hardworking o not I kena before, but nothing to scare, as I have everything in order including receipts and explanation. Just like going to interview and show your certs, etc. u got "audit" coz u never fill in form? or for other reason? must be u no fill form then suddenly u buy house"s" or Car's" thats why they audit you? This post has been edited by dr2k3: Mar 26 2009, 03:35 PM |
|
|
Mar 26 2009, 03:47 PM
|
![]() ![]() ![]()
Junior Member
400 posts Joined: Oct 2008 |
hi, just worried if the income tax people will hassle me cuz i just bought some property that may be over what i reasonably can save from the declared amount. how much do they assume you could save from the declared amount? 50%? for example i declare i earn 100k but i buy a house with downpayment 70k would this give them a good reason to question me?
thanks |
|
|
Mar 26 2009, 04:08 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle |
QUOTE(mouldybread @ Mar 26 2009, 03:47 PM) hi, just worried if the income tax people will hassle me cuz i just bought some property that may be over what i reasonably can save from the declared amount. how much do they assume you could save from the declared amount? 50%? for example i declare i earn 100k but i buy a house with downpayment 70k would this give them a good reason to question me? most likely not...unless u declare 50k...then suddenly u buy a house with 70k down paymentthanks 70k down payment means full amount = 700k? This post has been edited by dr2k3: Mar 26 2009, 04:10 PM |
|
|
Mar 26 2009, 04:41 PM
|
![]() ![]() ![]() ![]() ![]() ![]() ![]()
Senior Member
6,462 posts Joined: Nov 2004 From: [Latitude-N3°9'25"] [Longitude-E101°42'45"] |
QUOTE(dr2k3 @ Mar 26 2009, 03:34 PM) they got so hardworking o not No other reason, they just random pick me. I asked them anything, they say nothing specific. They did not ask any weird questions or deep probe also. Just ask mana receipt ini insuran nyawa ? Apasal tak declare bulan November XX (cause in between new job after resign, show them EPF statements) Mana receipt donation ini ? Mana slip resit bayaran income tax tahun dahulu ?u got "audit" coz u never fill in form? or for other reason? must be u no fill form then suddenly u buy house"s" or Car's" thats why they audit you? QUOTE(dr2k3 @ Mar 26 2009, 04:08 PM) most likely not...unless u declare 50k...then suddenly u buy a house with 70k down payment Even if you declare 100k, but buy a house at 90k cash, LHDN may question how you survive on 10k PER YEAR. It is possible to survive on less than that, but they'll ask you further or for you to prove to them. They may ask further questions like your car loan, your dressing (armani on 10k per year? 70k down payment means full amount = 700k? 90k house (cash) + 50k car (cash) = 140k cash > 100k declared income. |
|
Topic ClosedOptions
|
| Change to: | 0.0251sec
0.86
6 queries
GZIP Disabled
Time is now: 10th December 2025 - 02:59 PM |