Guys

I have a sole proprietor company now and wishes to Make it to be a sdn bhd by next year. The problem is this Income tax issue.

Is directors fee tax free or i must declare?

If i were to pay myself a salary, What is the minimum amount for the tax to kick in?

Would it be the company responsibility or personal responsibility to register myself for income tax

How about EPF? Would having a director fee only instead of a salary make me exempted from paying to the epf
I'm trying the best i could to avoid paying to the government

Is there any way to circumvent the EPF as my company cash flow is highly unstable and would be unable to pay director fee in one lump sum

So petrol claims, allowance and such are not tax deductible?

That ruling is so absurd. Just because i am a director and the only sole work force of the entire company, It makes me un-eligible for tax free allowance and claim?

So how to circumvent this ruling?

Thanks for the explanation.

Is there anyway to legally circumvent this issue as my Sdn Bhd is only first year in operation and paying high amount of tax to the govt will deplete my own coffer.

Assuming that i used the PCB calculator and calculated a zero PCB per month. Must i register myself and my company for PCB or just the once a year e-filing would do?

I am more concern regarding my Personal Income tax though. Will be trying to do it without tax agent as it cost $$.

Directors income tax only need to be submitted in a personal capacity or will it also be the company's affair?

For YA 2009, It means from Jan - Dec 2009 or From April 2009 till April 2010? I think i made a mistake in submitting my income tax if the former is the correct meaning for YA2009

Shit, i though it was from April 2009 till April 2010. Is there anyway for me to ammend the income tax?

Hi guys, I have some question about my income tax

In my official capacity as a director for my parents company i have to travel here and there and that will incur transportation, Fuel , Food and lodging charges.

This are normally paid by me and i claim back from the company. Do i have to report the claim to IRB?

Ok. If i get audited. I just need to show them those receipt? Those receipt will be kept by company or me?

Thanks cherroy . On my side, What are the proper documents i should have from the company for those claims? Cause my claims can reach up to 20-30k a year and thats where my headache start

Because my company dont have inhouse accountant or auditor so everything i have to DIY

I am using those Off the shelves RM 5 pre-made salary slip that have a reimbursement column. Is that ok?

Cherroy . What do you mean by the Exempted in tax ruling? I did not find it in the LHDN website

Are there certain things that are not tax exempted when reimburse?

Cherroy.

I did find a article at Chartered accountants website here
http://chartered-accountants.com.my/tax_gu...0individual.pdf

It states that

Travelling Expenses which you have incurred on traveling in the course
of performing your duties.Reimbursement for actual expenses is not taxable on you. However, you cannot claim for the
expenses of travelling between your home and place of work

That Place of work is confusing to me because my home is my office and my place of work is normally at Hospitals. So i cant claim for reimbursement for the petrol from my home to the work site?

I guess so. I cant find anything on reimbursement on LHDN website anyway.

Or is it better to find a tax agent? I believe my fees and reimbursement should be anywhere between 50-60K only