Guys, how do you deal with Bonuses that are paid for previous year?

My EA Form for 2008 has 3 main figures: Salary, EPF and Tax already deducted/paid to LHDN.

However, because my company pays its' yearly bonus only in March, it also has these 3 figures for my 2007 bonus (Bonus Amount, EPF, and tax deducted/paid to LHDN). As this is declared in my EA Form as income for 2007, I will declare it in "INCOME OF PRECEDING YEARS NOT DECLARED."

My problem here is that there are only 4 fields: Type of Income, Year for which paid, Gross Amount and Provident and Pension Fund Contribution. What about the tax already deducted? Where am I supposed to put this in? Together with my 2008 tax deducted?

@ nothingz >> On my EA Form, Section D shows the PCB amount paid off my actual 2008 salary. Then Section F shows an additional PCB amount paid for my 2007 bonus.

I've checked back on my 2008 payslips and the first figure is not inclusive of the second figure.

@ keeseng >> I need to declare the Bonus PCB somewhere though. If I don't declare then I'll end up paying double.

[edit] Erm, so the consensus is basically every time I file tax, I'm going to have to re-calculate for my previous year's submission as well ...? And I can't exactly e-File last year's submission so I'd need to take a trip to LHDN?

This post has been edited by deodorant: Apr 27 2009, 04:47 PM

lol I just got a Form J for year 2006 (that I didn't declare tax cos my salary back then was like 2k or something).

Dunno where on earth they estimate my yearly salary from & calculate that I owe 400 bucks ... wtf ... sigh ...

Yeah, I've just finished preparing the EA 2006. Turns out after going through my payslips that I had a promotion in Dec06 for which my company paid RM 46.00 in PCB, guess that's where they're estimating from.

After putting in bonus and all deductions I'm still not liable for any tax though, definitely not that RM380 they claim I owe.

Can I just DHL the whole thing with a nice surat rayuan back to LHDN or should I go to the nearest tax office? Around now is a terrible time to go leh.

Guys quick question:

My EA form I got Section G jumlah elaun/etc/etc yang dikecualikan cukai ... rm 649.85

Where in the e-Filing do I put this figure in?

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Added on March 12, 2010, 12:36 pmThe moment you have PCB taken off, you need to file tax. It's not the RM13 refund that's the problem. The problem is that IRB will, based on the PCB they receive, estimate your yearly income, calculate your tax with no deductions, and then send a letter to you asking to pay.

Personal experience

This post has been edited by deodorant: Mar 12 2010, 12:36 PM

Thanks. Just clarified this with my HR as well and the amount they put in there was basically all my claims - travel, petrol, etc etc, that isn't income and so isn't supposed to be taxed.

Finished my e-Filing! Getting a small 200-bucks return of tax this year, yay!

@Banek first time filing tax? Haha.

Every year you need to file your tax - this means that you need to declare to LHDN that you have earned $xx,xxx, and need to pay $y,yyy in taxes for the year (after deductions). This $y,yyy is then compared to the PCB that you've paid for the year. If you paid more, then LHDN will refund to you. If you paid less, then you need to pay LHDN.

@cherroy/donkee somewhere in your posts it mentions 'travelling allowances.' I travel quite a lot on business and most of the time I receive a 'per diem' payment for my expenses in the foreign country. Example, my firm's payment for travelling to singapore is sgd110/day.

However I've never ever filed these monies in the submission. Didn't think I needed to, and some more company doesn't put in these $$ into the EA.

huh? i receive last year's refund straight to my mbb acc leh.

@wee: i'm out of the country so i can't check, but if i'm not mistaken my housing loan statements don't show the breakdown of interest paid vs principal repayment. maybe get your bank to give you a breakdown?

@ronnie: wah ... apparently i'm owed some money by LHDN: 01/01/2011 BAKI AWAL 666.99 kt

I have no idea why I have money with LHDN ... and no idea what 'Baki Awal' means ...

This post has been edited by deodorant: Mar 25 2011, 02:21 PM

Hmm now that you put it like this I think I know what it is.

I only started filing in 2008. 2007 one I didn't bother (lol). So last year the IRB sent me a nice letter saying "hi sir since you didn't file tax here's how much we think you should pay. you may appeal but must pay first full amount." So I paid and then sent in an appeal letter with my actual filing docs, I guess the RM is the refund of overpaid amount ... that they didn't send me any cheque.

Wonder if I can use this credit to offset my 2010 filing that I need to pay IRB 1.5k >_<

I only found out this year that need to keep original documents.

My last few years filing I just scan to PDF and buang all the receipts. If LHDN audit me I jatuh seluar liao, lol.

(actually shouldn't be that bad lah I don't have much deductions ... EA form comes from my company in PDF form anyway ... the insurance ones should be able to request for re-issue statement. Computer, invoice came by email from Dell ... only the books ones that receipt no way to get back originals ...)

@naith:



2nd page all the way at the bottom.

Paying via M2U also has those electronic receipt leh.

^
If the parent is the one paying then only the parent can claim tax relief.

Eh, cert can expire one meh? I've already e-BE'ed last 4 years (2007 to 2010 submissions) with the same password ah ... no problem also.

what kind of rubbish advice is this? feigning ignorance isn't going to get you off the hook if you get audited

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Added on April 7, 2011, 1:52 pm
Oooo

16/04/11 02:28 PM

So I guess next year's filing won't have digital cert already hmmm ... nevermind lah worry about it next year lol.

This post has been edited by deodorant: Apr 7 2011, 01:52 PM

@Chester:



Source: http://thestar.com.my/news/story.asp?file=...&sec=minibudget

you can't submit online i think. go to lhdn and submit manually lor. they'll fine you for late submission though

spm fail malay ah? alimoni = alimony = the money you pay to your ex-wife for child support (or whatever)