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 Income Tax Issues v2

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SUSDavid83
post Mar 20 2013, 07:44 PM

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QUOTE(waisiong.chan @ Mar 20 2013, 06:50 PM)
Does this mean monthly pregnancy checkup?

Thx
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I think only for full body checkup.
SUSDavid83
post Mar 22 2013, 09:33 PM

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QUOTE(peeyaw @ Mar 22 2013, 09:22 PM)
Not applicable to sales person under individual tax relief?
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Under which clause should it fit into personal income tax relief?

It should incur for the company you worked for as additional allowance.

Some of the allowance given by company can be tax exempted under BIK.
SUSDavid83
post Mar 22 2013, 11:39 PM

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QUOTE(RedDevil32 @ Mar 22 2013, 10:56 PM)
Hey guys, how to read the income tax rate at LHDN?

The chargeable income is P.A ? or monthly salary?

http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=11
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Per annum.
SUSDavid83
post Mar 23 2013, 12:30 PM

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QUOTE(gnome827 @ Mar 23 2013, 12:13 PM)
Guys, does transport , food , mobile , shift allowances provide by company to its employee exempted from TAX?
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If and only if under benefits in kin (BIK).
SUSDavid83
post Mar 23 2013, 01:26 PM

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QUOTE(coo|dude @ Mar 23 2013, 01:08 PM)
Anyone??  icon_question.gif
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Seksyen 51 is meant for dividend:

QUOTE
TOLAKAN CUKAI SEKSYEN 51 AKTA KEWANGAN 2007 (DIVIDEN)

Sertakan Helaian Kerja HK-3 sekiranya tuan layak menuntut pembayaran balik seperti di ruang E15 Borang BE. Amaun D dari Helaian Kerja HK-3


Seksyen 110 is meant for "lain-lain pendapatan seperti faedah, royalti, pendapatan seksyen 4A dan pendapatan daripada amanah."

QUOTE
TOLAKAN CUKAI SEKSYEN 110 (LAINLAIN)

Sila buat pengiraan di Helaian Kerja HK-6 untuk tolakan cukai seksyen 110 ke atas lain-lain pendapatan seperti faedah, royalti, pendapatan seksyen 4A dan pendapatan daripada amanah. Sertakan Helaian Kerja HK-6 sekiranya tuan layak menuntut pembayaran balik. Amaun B dari Helaian Kerja HK-6


Seksyen 132 is meant for income from Malaysia but dual taxed

QUOTE
PELEPASAN CUKAI SEKSYEN 132

Tolakan cukai berhubung dengan pendapatan dari Malaysia yang dikenakan cukai di Malaysia dan juga di luar Malaysia. Rujuk Lampiran F Buku Panduan BE untuk menentukan negara-negara yang memeterai perjanjian pengelakan pencukaian dua kali dengan Malaysia. Rujuk Jadual 7 ACP 1967 dan Helaian Kerja HK-8 untuk membuat pengiraan kredit.


Seksyen 133 is similar to Seksyen 132 but to countries not in the list

QUOTE
PELEPASAN CUKAI SEKSYEN 133

Tolakan cukai berhubung dengan pendapatan dari Malaysia yang dikenakan cukai di Malaysia dan juga di luar Malaysia. Negaranegara ini tidak memeterai perjanjian pengelakan pencukaian dua kali dengan Malaysia. Rujuk Jadual 7 ACP 1967 dan Helaian Kerja HK-9 untuk membuat pengiraan kredit.

SUSDavid83
post Mar 23 2013, 01:42 PM

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QUOTE(gnome827 @ Mar 23 2013, 01:37 PM)
Under BIK, there is no benefits for transports , food or shift allowance (read this in PWC 2013 Malaysian Tax and Business Booklet link >> http://www.pwc.com/en_MY/my/assets/publica...-2012-2013.pdf).

However, in other section of this booklet , transports allowances are exempted from TAX ( look at Page 08 / Page 16 of the PDF)

Guide me. Its confusing.
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Refer to the guide from LHDN: http://www.hasil.gov.my/pdf/pdfam/Spesifik...Berkomputer.pdf

Transportation and food/meal allowance are parked under BIK with restriction.

However, shift allowance is not entitled.

Your company must declare this BIK allowance under BIK section in EA form to be tax exempted. Otherwise, it'll be considered as income under penggajian.
SUSDavid83
post Mar 23 2013, 04:30 PM

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QUOTE(gnome827 @ Mar 23 2013, 04:27 PM)
David, Thanks. under which field in EA form my company should have declare ( cant find BIK in EA form) .. is it under "Tip kasar, perkuisit, penerimaan sagu hati atau elaun-elaun lain"
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Yes. That's BIK.
SUSDavid83
post Mar 23 2013, 04:46 PM

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QUOTE(gnome827 @ Mar 23 2013, 04:33 PM)
But David,  i hear people said it should be under section "G . JUMLAH ELAUN / PERKUISIT / PEMBERIAN / MANFAAT YANG DIKECUALIKAN CUKAI RM .."

and not under "Tip kasar, perkuisit, penerimaan sagu hati atau elaun-elaun lain"

The HR have to put a figure under section G and not on under "Tip"

Is this correct?
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Sorry, my mistake.

I wanted to say Section G JUMLAH ELAUN / PERKUISIT / PEMBERIAN / MANFAAT YANG DIKECUALIKAN CUKAI

Anything under Section B PENDAPATAN PENGGAJIAN, MANFAAT DAN TEMPAT KEDIAMAN (Tidak Termasuk Elaun/Perkuisit/Pemberian/Manfaat Yang Dikecualikan Cukai) is considered as income and taxable.

I didn't refer to the EA form when I replied your earlier post.
SUSDavid83
post Mar 23 2013, 06:12 PM

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QUOTE(minto13 @ Mar 23 2013, 06:11 PM)
If there is any value in my Section G, do I need to fill in to my eFile? If yes, where to fill in?
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No need.
SUSDavid83
post Mar 23 2013, 06:22 PM

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QUOTE(coo|dude @ Mar 23 2013, 06:21 PM)
How to fill it in? Just put in the dividend gained from the shares? And when you said dividen, that's a wide definition. Does it also include dividens from non shares?
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Dividend from shares and distribution from unit trusts should be listed under this section.

Click on the HK3 section and fill accordingly to the tax receipts.

[attachmentid=3361213]

This post has been edited by David83: Mar 23 2013, 06:30 PM
SUSDavid83
post Mar 23 2013, 07:43 PM

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QUOTE(MNet @ Mar 23 2013, 07:38 PM)
user posted image

Under
"Insurans pendidikan dan perubatan
Education and medical insurance"

I just fill in the total amount of Medical Insurance Premium+ Medical/ Life Insurance Premium ?

1,300.64 + 154.66 ?
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Yes. The attached receipt there is so clear and self-explanatory.
SUSDavid83
post Mar 23 2013, 08:00 PM

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So would it be like this then?

1,300.64 + 154.66 * 0.60

And 154.66 * 0.40 + 744.70 goes to Life?

Ha! Ha! It's so confusing. Which company is the insurer?
SUSDavid83
post Mar 24 2013, 12:21 PM

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QUOTE(suncrescent @ Mar 24 2013, 11:57 AM)
Can I claim the rebate for the Yuran Langganan Jalur Lebar because I pay maxis fibre RM118 monthly?
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Yes. Up to RM 500 max.
SUSDavid83
post Mar 25 2013, 08:59 AM

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QUOTE(patricktoh @ Mar 25 2013, 07:56 AM)
Haha. Received excess tax refund on 20 Mar via IBG. Submitted on 3 Mar.

LHDN & KWSP are the 2 efficient gov agencies for me. 2 thumbs up.
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Under NRKA, they need to be efficient.

Najib's promise!
SUSDavid83
post Mar 25 2013, 10:18 AM

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QUOTE(BboyDora @ Mar 25 2013, 09:49 AM)
But I haven't get my PIN for online..
Is it better I go directly to the office?
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How you apply the PIN? Through email?
SUSDavid83
post Mar 25 2013, 10:30 AM

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QUOTE(BboyDora @ Mar 25 2013, 10:21 AM)
Yup. The auto reply mention within 7 working days. But now more than that.
If via office straight away can get on the spot?
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If you have time, go to the nearest LHDN office. It'll be on the spot.

You may also go to any LHDN hotspot if they got open booth.
SUSDavid83
post Mar 25 2013, 12:33 PM

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QUOTE(sakos @ Mar 25 2013, 12:15 PM)
What is the different

Insurans nyawa dan KWSP
Life insurance and provident fund

AND

Insurans pendidikan dan perubatan
Education and medical insurance

Where should I pun the amount for my "prudential insurance"? Under Medical Insurance OR Life Insurance?
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Your annual premium summary should provide the breakdown for your policy.
SUSDavid83
post Mar 25 2013, 02:22 PM

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Under Peruntukan 113(1)(a):

Tidak melaporkan pendapatan sebenar di dalam Borang Nyata Cukai Pendapatan

1,000 hingga 10,000 dan 200% atas cukai terkurang lapor
SUSDavid83
post Mar 25 2013, 02:47 PM

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Inaccurate information given/submitted:

Peruntukan 113(1)(b):

Memberi maklumat tidak tepat mengenai tanggungan cukai sendiri / orang lain

1,000 hingga 10,000 dan 200% atas cukai terkurang lapor

Tax evasion:

Peruntukan 114(1):

Sengaja mengelak cukai / membantu orang lain mengelak cukai

1,000 hingga 20,000 / penjara / kedua-duanya dan 300% atas cukai terkurang lapor

No record keeping:

Peruntukan 119A:

Tidak menyimpan rekod

300 hingga 10,000 / penjara / kedua-duanya
SUSDavid83
post Mar 25 2013, 03:00 PM

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QUOTE(WintersuN @ Mar 25 2013, 02:58 PM)
Haha so strict... i not mengelak cukai ler.. just dunno need to report jumlah instead of the basic salary tongue.gif

But i think for small fry like me just makan gaji they wont give a shit ler.. They only target those business ppl or company director/ceo who evade tax few millions 1 correct?
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I believe those just for BE and B submitter.

Corporate may have different penalty rate.


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