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 Income Tax Issues

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salcom
post Oct 9 2010, 02:02 AM

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432 posts

Joined: Jan 2003
From: As high as space as low as deep sea


Hi there,

I'm working on a Malaysian registered DP vessel on Malaysia waters, mainly offshore Labuan, Terengganu and Miri

According to INCOME TAX ACT 1967, Section 54A. Exemption of shipping profits, I seems to entitled for some kind of exemption from tax. I'm on contract basis, which i don't receive monthly salary. The company is paying my EPF, SOCSO and deducted PCB from my salary. I've been submitting BE for two years and pays my taxes as a good citizen should do.

my question is:

1. What is the reason behind for being tax exempted?
2. Is there any specific kind of vessel apply to this? or just any type of vessel?
3. If I am exempted, what kind of documentation i need to prepare? What is procedures to claim the money back?
4. (I know is impossible) Can i get exempted for what i had paid in the last 2 years?

thanks for your input, i appreciated
salcom
post Apr 8 2011, 06:45 AM

Casual
***
Junior Member
432 posts

Joined: Jan 2003
From: As high as space as low as deep sea


Hi all,

I'm tax exempted seaman working on a malaysian registered vessel. My company deducted PCB every working month and as told by LHDN email that i don't have apply for special case to get back the PCB that i had paid. Their instruction is fill up the BE form and with supporting document.

They not been really helpful with listing out what documents i need and how do fill out the BE form. Anyone mind to share some experience here?

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