Had been answered.
Internet income is tax exempted?
I can't find any clause of it.

Hi Cherroy,

Quoting verbatim from today's Sunday Star article -

"Foreign-sourced income is not taxable even if remitted to Malaysia. So you are not required to report such income in the tax returns. Examples of such income is rental income from properties outside Malaysia and employment income arising from an employment exercised outside Malaysia."

I am assuming that "foreign-sourced income" also covers Internet businesses where the customer base is outside Malaysia.

What do you think?

Internet income is not as same as foreign source of income, strictly speaking.

If your customer based in outside Malaysia, but operation wise is here, it is considered domestic income, which is taxable. Correct me if I am wrong, my understanding on this issue so far.

Foreign source income is not taxable, because it is taxed at the source there in the first place. So to avoid double taxation arises, that's why got such a ruling.

Last year I submited with extra amount of overpaid, less than 100 but so far no refund. How ler? Does they bring forward for this year?
I understand that for transport allowance are eligible to deduct, correct if I am wrong. Bcoz as for my paid slip, basic = xxx then transport allowance = xxx so it total salary. But another thing is, for medical claim, the company will put into the salary slip. So can we minus out the medical claim?
Last question, I did apply for E filling, 2 years ago, but then at the end PC problem. So nv fill in using internet, using manual. So that is mean I consider as new or old? Bcoz last time I got the number and ID but never use. If such case how should I do?
Thanks for advice.

i suggest u walk in into their office to sort out the E-Filing (reset account or check status) and also claim refund..normally its automatic but since you have issues, best to sort it out at the counter and start fresh..in any case, write in to them about your problem and they would assist you as well..

transport allowance is quite grey, the correct terms are either parking allowance or travel allowance, which are exempted up to a certain amount.. sometimes when the 'term' does not tally, you then are NOT entitled for the exemption...same goes for outstation allowance or outstation reimbursement - both are 2 different things... HR knows how to manipulate this.

For medical claim, you best check with HR. all these shall been keyed in into EA Form..so see which is under what column..that would be easiest to see what to declare and what need not to declare..

tricky, hope above gives you some kind of idea..

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Added on March 22, 2010, 2:10 pmi concur..

This post has been edited by attahun: Mar 22 2010, 02:10 PM

under EPF- do in include what is paid for SOCSO as well?

i dont see a separate column..

sosco not taxable

Socso is also not tax deductible, thus you don't see a column for it.

Hi Sifus,
May I enquire for Etiqa, which insurance should I include it in the E-Filing? Together with the EPF (sum) or the other option??

Tq.

check with ur agent..normaly insurance is covering both life and medical, therefore both values are to be inserted into the two different exemptions or columns..you should get a statement from your agent on the exact values.

The company (Etiqa) should send you a statement, stating the entire amount of premium that you pay annually and the categorization of your investment. For example, whether it's for life or medical or others.

Ask them to send if they didn't send by default.

With that, you can fill it up into your tax form.

Can i submit the photocopy receipt for computer purchase to claim for tax relief? I need to keep the original for warranty purpose.

You no need to submit any receipts. You just have to keep for min 7 years (if I remember correctly) in case LHDN audits you.

This post has been edited by David83: Mar 22 2010, 09:23 PM

David83: You are right. Keep all original receipts for 7 years...

Just done my E-Filling, which is so much easier and quicker than the form filling... hehehehe

This post has been edited by ronnie: Mar 22 2010, 11:27 PM

for first time house buyer is there any tax relief? i.e legal fees relief

is there any such thing?

Alright, recently i received my EA form from my current company, but before i joined my current company, i have previously worked at other company, so my question is, do i need to go to my previous company and collect the EA form? and do i need to declare coz my income is under 2k, thanks

tax relief is only on the interest that you pay (for the purchase of property before 31 Dec 2010), and not the repayment amount...

legal fees no relief, unless you are setting against the income from renting the property

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Added on March 23, 2010, 12:13 pmyes, of course you need, and it is a sort of a protection for yourself for under declaration

This post has been edited by leongal: Mar 23 2010, 12:13 PM

Go get the EA form from the previous company.
As long as you paid PCB in your monthly salary slip, you need to open a tax file.

when we do e-filing, they asked for out bank account, what is that for?
is it when there is excess taxes we've paid, they will bank in our bank account?

this is what i get from LHDN website


This post has been edited by labtec: Mar 24 2010, 05:45 AM

I don't fill that also.