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 Income Tax Issues

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Trevor Keegan
post Apr 3 2009, 07:37 PM

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Hi all,

Maybe this will help you all out.

We have just released TAXSAYA 2008. TAXSAYA is Malaysia's First FREE Multi-lingual Tax Software.

Features:
- Native Language Support for English, Bahasa, Chinese
- Tax Wizard guides you through the entire TAX process
- Error Checking ensures that all mandatory fields have been entered
- Automatic generation of the Printable Borang BE
- Automatic generation of HK-3 (Dividends).

Both the Borang BE and HK-3 are submissable to the LHDN (providing that you follow the printing guidelines)

Regards
Trevor Keegan
www.taxsaya.com
Trevor Keegan
post Apr 4 2009, 11:22 AM

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Hi,

QUOTE(coiling @ Apr 3 2009, 08:18 PM)
Now you can fill your returns online as well.
*
Infact this year, TAXSAYA gives you the choice....you can either file on-line....or you can fill in the paper based forms and submit them. Our e-filing option, does everything for you:
- Allows you to select the ID (you do not type it in)...you only type your password
- TAXSAYA will then sign you into the e-filing
- Automatically transfer the information directly into the e-filing
- Automatically loads all the dividends
- Leaves you at the Tax Summary page, so that you can verify the information and sign

In theory this will make the e-filing more secure, because you avoid any chance of key loggers from seeing any of the information that you are submitting.

QUOTE
i have submitted my e-filling earlier, and i get to knw that LHDN already refund my extra via cheque, but i did not get my cheaque, it already 1 month now, what can i do?

I would think that is should be soon....the LHDN was not processing any returns prior to the 1st March, so if you have to wait much longer, you might want to think about sending an email into the LHDN.

Regards
Trevor Keegan
www.taxsaya.com
Trevor Keegan
post Apr 4 2009, 05:41 PM

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Hi,

QUOTE(green_apple @ Apr 4 2009, 05:27 PM)
Hello!

Means I have to go LHDN personally and open account? Then would they help me from there?

Thank you.  smile.gif
*
Since this is the first time that you are declaring your income tax.....I assume that you do not yet have an Income Tax Number. If this is the case then you will need to go to the LHDN branch to get a Tax Number.

Since yours is a business case, there are potentially quite a few things that you can claim e.g. Capital Allowance, etc. Since you have a bit of time (Borang B cases are not due until end of June), you might want to try and find a Tax Professional to help you out....so that you maximise your claim.

We have a few Tax Professionals working in our Forum (www.taxsaya.com), so you might like to have a chat with them....they may be able to help you out.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
Trevor Keegan
post Apr 5 2009, 07:46 AM

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Hi,

QUOTE(susan85 @ Apr 4 2009, 08:26 PM)
so if they stop mailing you the ea form to  your house.. does that mean they asked you to do efiling eh
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The LHDN does not mail the EA to you (you would be expecting to get a Borang B/BE from them)....The EA form is something that you need to get from your employer. It details information such as
- How much that Employer paid you
- How Much Tax (PCB) have you paid
- What was your SOCSO contribution
- Any allowances that your employer paid
etc

The rule is that the LHDN will not send you a Borang B/BE to complete if you submitted your tax using e-filing in the past. Of course there may also be other reasons that you did not receive a Borang e.g.
- Change of Address (without notifying the LHDN)
- some other postal related problem.

If you did not receive a Borang B/BE, and you want to file manually....what can you do?
- Go to the LHDN web site (http://www.hasil.gov.my/melayu/bm_NO5_1.asp) and download the form that you require, and fill it it (please take note of the rules in filling it in)
- Black Pen
- A4 Paper
- Form must be printed using Laser Quality (i.e. 300 Dpi...or above)
- Single Sided Printing
- On 80 Gram paper
- Second option, is to go and ask for a form a the Branch
- Third option is to download TAXSAYA 2008 (www.taxsaya.com). No matter how you want to do the filing, this will help you....it prepares and prints the Borang BE FOR FREE, and also has an option to allow you to do the e-filing.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software

This post has been edited by Trevor Keegan: Apr 5 2009, 12:33 PM
Trevor Keegan
post Apr 20 2009, 01:23 PM

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QUOTE(lonewolf @ Apr 20 2009, 10:45 AM)
i can;t submit the form again..coz they system said oredi submited..
*
The e-filing does not allow you to make any changes after you have confirm it. What you will need to do is:
1. Prepare a letter to the LHDN stating what the changes are that you are making to your original assessment
2. Print out the e-Borang (or photostat it), then write on the changes that you want to make. This will also mean that you will need to recompute the final tax figure that appears in the summary page. TAXSAYA may be able to help you to work out your final Tax figure, if you do not want to compute it yourself
3. Take all this into the LHDN branch that holds your Tax File

QUOTE(Lord_Ashe @ Apr 20 2009, 11:56 AM)
Hi guys,

Sorry if this has been asked before.

I quit my job in sept 08 to join my current company. Now I have 2 EA forms with 2 different Employer numbers.

i.e from Jan 08 - Sept 08 = xxxxxxxx
from sept 08 - Dec 08 = ssssssss

How do I file my claims then? thanks for the pointers.
*
You need to compute your total Employment income from these 2 sources. You might find it easier to use TAXSAYA, as this will automatically compute things for you....you just need to enter in the information from your EA form and rest will be done automatically for you.

Hope that this helps

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software

This post has been edited by Trevor Keegan: Apr 20 2009, 01:27 PM
Trevor Keegan
post Apr 20 2009, 03:46 PM

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QUOTE(Lord_Ashe @ Apr 20 2009, 02:08 PM)
Thanks trevor. I think that should help just fine. I haven't logged in to do my taxes yet (will do it at home) but isn't there a space for an employer code? So do I enter just one?
*
Hi,
If you are refering to TAXSAYA, you will find that the employer number is found on the employment summary panel (i.e. just before you enter into the EA form). It is from here that you select which of your employment is your primary (or latest) employment, and this is the one that TAXSAYA will put into the Borang for you.

Please note that you must enter a valid Employment number, as TAXSAYA uses the same checking that the LHDN uses to determine the validity.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
Trevor Keegan
post Apr 20 2009, 05:57 PM

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QUOTE(eltaria @ Apr 20 2009, 04:55 PM)
Hi guys, can anyone help me on the HK-3 form?

I have some dividends, which are taxed at 25%, 15% and some Nil.

How should I go to fill it up?
*
Hi,

The short answer is ..... Download your FREE copy of Taxsaya, and it will do it automatically for you biggrin.gif

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
Trevor Keegan
post Apr 29 2009, 06:20 PM

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Hi,
QUOTE(cute_boboi @ Apr 29 2009, 11:58 AM)
I tried whole day yesterday from office network - leased line with guaranteed upload & download bandwidth, unlike broadband best-effort basis.  sweat.gif  LHDN website too slow. Finally submitted it this morning 1am+  sweat.gif  tongue.gif

Tomorrow (last day) going over to pay by physical cheque and get a physical temporary-receipt (old school  rolleyes.gif  )

Cheat ?  rolleyes.gif  Same like cheating in exam. No one catch/audit you, you are lucky. Get caught, either retake the exam (pay fees/penalty) or get kicked out (tax evasion - court case/jail/etc.) and get sleepless night.

They trace by randomly audit people. Like an interview, they will ask you show this receipt, that receipt, ask you explain this, explain why that, where you stay, with who, what car you drive, got go holidays, overseas/local, see what you wear, etc. If you don't have proper proof ->>  doh.gif

If you say parents/relatives give you money, even better. They'll start audit your dad, mom, uncle, etc.  doh.gif  doh.gif  Drag all in one net.
*
I do not believe that LHDN is randomly selecting people, they do have databases, and computer algorithms that they use to select people for audit (this process will be alot easier now that most people are using the e-filing). So they do have a method in their selection (but the exact details are subject to a lot of speculation and the exact methods change regularly)....but having said this, please remember that the LHDN has stated that ALL TAXPAYERS WILL BE AUDITED at least 1 time every (i think) 6 years (once again the wider use of e-filing will be making this easier for them to achieve).


QUOTE(InTheRush @ Apr 29 2009, 02:01 PM)
oops... if i made full payment then in 2008
then i can only deduct from 2008 income tax? and not 2009 onwards?
*
You can only declare expenses that you made in the 2008 tax year. No, you cannot claim expenses that you made after 31 December 2008...or before 1 Jan 2008.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
Trevor Keegan
post Apr 29 2009, 06:52 PM

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QUOTE(nothingz @ Apr 29 2009, 06:34 PM)
the 1 time in 6 years is crap, how many tax returns were filed each year and how many IRB officers are there in the country?  I have attended a seminar talked by a former IRB officer, he made a calculation that you will only be selected for auditing once in 20 years, however everytime they investigate you, it may be for few years, eg Y/A 2002-2006. 

to all of you out there, evade tax at your own risk  laugh.gif
*
What you say may have been the case in the past, because everything was very manual....but now witheverything going on line, it is making it much easier....take it from me it is very possible to select 1000's of assessments for audit....with 1 finger....they can also very easily redefine the selection parameters.

You are right nothingz....evade at your own risk!

QUOTE(princess_autumn87 @ Apr 29 2009, 06:50 PM)
tx for your sincere advise. I have tried but to certain extend but disappinted with their service but nvm. I shall go to visit any reliable tax advisor soon to clarify this doubt.
*
Please let me know if you need some good Tax professionals....my company supports more than 400 Tax professionals around Malaysia.....just let me know what region you are in, and I can put you onto some of them smile.gif

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software

This post has been edited by Trevor Keegan: Apr 29 2009, 06:56 PM
Trevor Keegan
post Apr 29 2009, 07:09 PM

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QUOTE(princess_autumn87 @ Apr 29 2009, 07:00 PM)
hrm, i might need one. can u pls kindly let me know how u charge for the consultant fees. I hope your firm can do something different and get REALLY advisable consultation
*
Hi,

My company is a software provider....so we will not do the tax for you....but we provide the software support for Tax Professionals through the country. Please send me a private mail, so I can find out more about where you are, and what Tax support you need so that I can try to find suitable agent for you to speak to. You can then negotiate the fees directly with them.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
Trevor Keegan
post Apr 30 2009, 09:56 AM

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QUOTE(cute_boboi @ Apr 30 2009, 12:00 AM)
Yes, they will audit for several years, about 3-5 years back.  sweat.gif  If everything in order and not suspicious, it will be done in <20 min.  rolleyes.gif  Else be prepared for hours/days  sweat.gif  sweat.gif
*
Could be further than that too. Remember, we are required to keep records for 7 years.

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
Trevor Keegan
post Apr 30 2009, 04:33 PM

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QUOTE(T_flash @ Apr 30 2009, 04:24 PM)
ok
the website is not responding at all...wonder if it will be less congested after 7...
*
Hi,

I have heard rumors that if you want to use the efiling, then it is best to go into the LHDN

Alternatively, you still have time to download TAXSAYA, which you help you to prepare he Borang BE for FREE...could be a backup plan smile.gif

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
Trevor Keegan
post Apr 30 2009, 04:52 PM

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QUOTE(T_flash @ Apr 30 2009, 04:36 PM)
TAXSAYA can do my tax return just like LHDN website????

went to get my pin today, it's just impossible to wait for a computer, got like 300 numbers before me..

Added on April 30, 2009, 4:38 pmfree version can't submit to e-filing?
*
TAXSAYA helps you to prepare your tax. The at the push of a button it will print the 2008 Borang BE (remember to follow the guiudelines though), or (in the premium version) will send the information into the e-filing. Personally, I filed manually....5 min in....5 min out (just to get a chop)....otherwise 30 sec in 30 sec out (drop in the box).

QUOTE(T_flash @ Apr 30 2009, 04:40 PM)
ya i know...wish I did it earlier

Added on April 30, 2009, 4:43 pmso free version can't submit to e-filing??? or still can at this moment??
premium version is only 18rm anyway..but want to confirm this first
*
Please see above:
FREE TAXSAYA = printed 2008 Borang BE + HK-3
Premium TAXSAYA = e-filing (or printed Borang BE), detailed Income+Expense report & Tax Optimiser (that tells you how to save tax) biggrin.gif

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software
Trevor Keegan
post May 1 2009, 12:00 PM

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Hi,

Firstly....my apologies to T_flash, i was not able to respond....as I had to rush off to the Interview with BFM. I hope that you were able to get the problem sorted out. You would have been able to get the support you needed from our taxsaya website

QUOTE(7up @ May 1 2009, 12:28 AM)
What happen if you only submit your 2008 BE after April 30? Say May 3? How's the penalty?
*
On the penalties, it depends on how many times you have been late...and the type of form. For EmploymentThere is a schedule as follows:
First Offense = 2% penalty, Minimum=Rm50, Max = Rm100
Second Offense = 5% Penalty, Minimum = Rm100, Max = Rm200
Third Offense = 10% Penalty, Minimum = Rm150, Max = Rm300

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software

Added on May 1, 2009, 1:08 pmHi,

Firstly....my apologies to T_flash, i was not able to respond....as I had to rush off to the Interview with BFM. I hope that you were able to get the problem sorted out. You would have been able to get the support you needed from our taxsaya website

QUOTE(7up @ May 1 2009, 12:28 AM)
What happen if you only submit your 2008 BE after April 30? Say May 3? How's the penalty?
*
On the penalties, it depends on how many times you have been late...and the type of form. For EmploymentThere is a schedule as follows:
First Offense = 2% penalty, Minimum=Rm50, Max = Rm100
Second Offense = 5% Penalty, Minimum = Rm100, Max = Rm200
Third Offense = 10% Penalty, Minimum = Rm150, Max = Rm300

Regards
Trevor Keegan
www.taxsaya.com
Malaysia's First FREE Multi-Lingual Tax Software

This post has been edited by Trevor Keegan: May 1 2009, 01:08 PM
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