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 Income Tax Issues

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ronnie
post Apr 11 2009, 04:59 PM

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Can I print the copy of the BE and Slip Pengesahan after I submit the details online ?
Eg. submit at home but print in office wink.gif
ronnie
post Apr 13 2009, 11:16 PM

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QUOTE(shakiraa @ Apr 13 2009, 10:27 PM)
Guys, want to check if it is true, i heard we can contribute up to 7% of our annual income to donation? For eg, you donate 7% of your income to some "gov certified" organisation and you can claim this back in full during yearly income tax filing.

please advice. thanks.

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Get to reduce your taxable income by 7% only... thus reducing the tax bracket.
You don't get back the 7% in monetary value.
ronnie
post Apr 14 2009, 12:47 PM

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I think for now bonus paid will be tax under the same year it is received.

When you receive the bonus the PCB increased as well. Thus if you declare bonus for the year it's for (rather than year received), then you ended needing to pay more tax. In fact you paid via PCB on the year it was received.

Matter of fact is that most companies in Malaysia never pay bonus before 31 Dec. Only LHDN thinks in such an utopian manner.
ronnie
post Apr 14 2009, 12:51 PM

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QUOTE(frans @ Apr 14 2009, 09:31 AM)
Refer to Attahun reply on above quote. It's going to depend on the EA form. Below is my situation:

Take an exmaple on my 2009 EA form below:

"Butiran Pembayaran Tunggakan DSB Bagi Tahun Tahun Terdahulu (Sebelum Tahun 2009) "

Bayaran Bagi Tahun      Jenis Pendapatan                  Jumlah Bayaran (RM)      Carumah Tunggakan Kepada KWSP
  2007                                Bonus                                XXXX                                        xxxx

I Received my bonus at around Jun 2008.

After i read through topics gathering all the advices and experience from the forumens, i found out there is 2 normal practices they fill the tax for above situation:

1. Add the 2007 bonus to TOTAL PENGAJIAN 2008.
2. Declare 2007 Bonus under Section G1 for Pendapatan Tahun Kebelakangan yang belum dilaporkan.

Which one is preferable? If i declare it under Section G1, it won't be taxable in my 2009 tax assessment, but LHDN will approach me to inform me on how much tax i need to pay for year 2007, right?

Appreciate forumens advices on it.
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Out of curiosity, how did you get 2009 EA Form ? Everyone should have for 2008 EA form from the employer (ex and present)
ronnie
post Apr 14 2009, 02:01 PM

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QUOTE(frans @ Apr 14 2009, 01:50 PM)
Sorry..it should be 2008 EA form for the year 2009 tax assessment. Thanks for reminding me on it, Ronnie. If i put my 2007 bonus into the year 2007 tax assessment, i am wondering how LHDN will calculate how much additional tax that i need to pay even if i have paid it through PCB on year 2007?
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@frans, you seem to get the date wrong again.
Year 2008 Tax Assessment uses 2008 EA form.

This year (2009) we are doing the Tax Assessment for Year 2008 using the 2008 EA Form.
Since your 2008 EA Form have written
QUOTE
Bayaran Bagi Tahun      Jenis Pendapatan                  Jumlah Bayaran (RM)      Carumah Tunggakan Kepada KWSP
  2007                                Bonus                                XXXX                                        xxxx

You need to fill the Borang BE exactly the same. No two ways about it.
The additional taxes for 2007 Bonus (paid to you on June 2008) will be part of your total income received for Year 2008.
The Jumlah Bayaran is the PCB you paid for the bonus.

This post has been edited by ronnie: Apr 14 2009, 02:02 PM
ronnie
post Apr 14 2009, 02:51 PM

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QUOTE(frans @ Apr 14 2009, 02:21 PM)
Anyway, based on your above reply, does it mean that i need to add my 2007 bonus to year 2008 Total Pengajian?
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No... there is a special column for it on the BE form.
ronnie
post Apr 15 2009, 11:13 AM

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QUOTE(dinozilla @ Apr 15 2009, 01:16 AM)
a question, i can't find the field for petrol/travel allowance in e-BE
how am i include it?
is it some field to fill? or straight deduct it out from the total income?
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This won't be taxed starting Year Assessment 2008..so why would it have a field for it, right ?
ronnie
post Apr 15 2009, 10:38 PM

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Just submitted via E-Filing.... mudah, tepat dan selamat
I am no. 347K+ who submitted through E-Filing. Hopefully can get my refund cheque within 2-3 weeks.

They expect 1million E-Filing submission by 30 Apr 2009....

Better submit now rather than wait for the last minute which will jam the server.
ronnie
post Apr 16 2009, 08:51 AM

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QUOTE(socratesman @ Apr 16 2009, 01:22 AM)
Do you folks receive other tax-related documents from your employers beside EA form?

(such as PCB deduction receipts/statements)
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Your company have the option to provide the breakdown of the PCB payment and the receipt no.
ronnie
post Apr 16 2009, 12:55 PM

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You can use E-Daftar to open anew income tax file without going to LHDN branch

This post has been edited by ronnie: Apr 16 2009, 12:56 PM
ronnie
post Apr 16 2009, 02:16 PM

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Why do you need the EA form ? Make your own ?
ronnie
post Apr 16 2009, 05:32 PM

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It's illogical to use study loan to get tax relief, right ?

Govt loan you money to study
You pay back the loan and you want to get tax relief on money you never even forked out :?
ronnie
post Apr 17 2009, 03:52 PM

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QUOTE(ykltpm @ Apr 17 2009, 11:10 AM)
Need your help pls !

1) My basic salary is RM 2,500 plus allowance of RM 500. Penggajian in the EA form shows (RM2,500+RM500)x12=RM36,000. Can I claim for tax relief on the Allowance portion?

2) I am staying with my retired parents. The house is under their names. The quit rent, assessment and maintenance are all paid by me although I don't have to pay rental. Am I entitled to claim for tax relief under Sewa portion ?
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1) Your EA should show Salary : RM30,000 (RM2,500 x 12). Section G would show the RM6000 (RM500x12)
You don't get tax relief but your declare a lower income of RM30,000 (instead of RM36,000)

2) Sewa portion if you have a house which you rent to other people for income. In your case, it doesn't apply to you.
ronnie
post Apr 17 2009, 03:53 PM

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QUOTE(mo_meng @ Apr 17 2009, 12:02 PM)
thanks for the info, another questions, eg. div from shares, the date is actually count on when they pay, ex-date, or count on when you receive the chk?
e.g. x-date on 30-dec-2007 payment on 30-jan-2008
this belongs to 2007 or 2008 income?
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Under Year Assessment 2007
ronnie
post Apr 17 2009, 04:29 PM

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QUOTE(keeseng12 @ Apr 17 2009, 04:14 PM)
it should be RM35000, if your net taxable income is below RM35000, you will be able to receive tax relief of RM350.
please correct me if i am wrong.
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Ain't RM30,000 lower than RM35,000 ?
How do you get RM35,000 ?
RM350 is known as Tax Rebate not Tax Relief.... Tax Rebate is to reduce the total payable tax.
ronnie
post Apr 20 2009, 01:54 PM

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QUOTE(kaffra @ Apr 19 2009, 04:35 PM)
Just got married last year and now first time filing under married category.

If my wife is earning below 2500, should i submit mine and hers together?

what areas can i claim rebate for spouse?

Thank you
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Does wife have any PCB deduction throughout Year 2008 ?

ronnie
post Apr 20 2009, 02:16 PM

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You may enter the latest employer's income tax code.
ronnie
post Apr 21 2009, 03:43 PM

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QUOTE(kkyen @ Apr 21 2009, 11:14 AM)
sorry i'm noob in these:P... so under which line in EA is stated for these?? thx
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Section G on the new EA form
ronnie
post Apr 21 2009, 11:29 PM

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QUOTE(! Love Money @ Apr 21 2009, 09:13 PM)
i wan to ask all, if my EA form dun have EPF amount stated then how? i dun need to deduct my EPF? icon_question.gif i still got a few hundreds to pay moneyflies.gif
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Did your payslip show EPF deduction ?
If yes, then the company should declare the Total EPF paid for the year 2008 in EA form.
ronnie
post Apr 21 2009, 11:30 PM

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QUOTE(kevintth @ Apr 21 2009, 10:56 PM)
Hi. Please kindly teach me how to file my cousin income tax BE return form.

My cousin is working in New Zealand since 2008 until now. She is not working here anymore. But LHDN sent her a BE 2008 return form. What should I do? Should I leave it all zero and submit back to LHDN? Should I write the letter to LHDN? If she needs to declare her income from Oversea how to fill her income in the form? Which column is for filling oversea income?
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If in Year 2008 your cousin didn't earn any income from Malaysia, your cousin can declare as RM0...

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