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 Income Tax Issues v2

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SUSDavid83
post Apr 30 2012, 09:54 PM

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QUOTE(eteractive @ Apr 30 2012, 09:50 PM)
I would like to know how can we know our interest for home loan for a month or year?

Thanks!
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Don't you have your loan statement?
fahrur_07
post May 1 2012, 04:38 PM

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QUOTE(David83 @ Apr 30 2012, 09:54 PM)
Don't you have your loan statement?
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how to get the loan statement?
the bank will send it to us rite?
sunnyckh
post May 1 2012, 05:14 PM

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Hi all, i have submitted all my income n personal info and also pay through FPX via online with using cimb clicks, so what's the next step i should do? waiting they send me doc or receipt? and what if i didn't fill the no majikan? what is the meaning ppl always called 'refund' in income tax? (newbie here)

This post has been edited by sunnyckh: May 1 2012, 05:23 PM
clivengu
post May 1 2012, 05:53 PM

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May I know how can I set so I can pay my tax monthly...and until June 2013, i'll submit my form and get back what is left, or pay the extra.

Currently I am on sole Prop.. and to pay a full year tax one shot... is too much and impossible...

I've seen most people have their tax paid every month. And until a year later, they able to claim back some money. I will like to do that... so it will not be such a burden. May I know where can I start doing that?
rayng18
post May 1 2012, 07:49 PM

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QUOTE(sunnyckh @ May 1 2012, 05:14 PM)
Hi all, i have submitted all my income n personal info and also pay through FPX via online with using cimb clicks, so what's the next step i should do? waiting they send me doc or receipt? and what if i didn't fill the no majikan? what is the meaning ppl always called 'refund' in income tax? (newbie here)
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yes wait for their acknowledgement. Refund means ppl pay more than what the are supposed to pay ie they pay excess tax so can claim back the excess


Added on May 1, 2012, 7:51 pm
QUOTE(fahrur_07 @ May 1 2012, 04:38 PM)
how to get the loan statement?
the bank will send it to us rite?
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yes the bank will send you your loan statement, usually semi annually. If you want a copy u can always request from your bank and they will charge you for that extra request.

This post has been edited by rayng18: May 1 2012, 07:51 PM
ronnie
post May 2 2012, 07:27 AM

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QUOTE(clivengu @ May 1 2012, 05:53 PM)
May I know how can I set so I can pay my tax monthly...and until June 2013, i'll submit my form and get back what is left, or pay the extra.

Currently I am on sole Prop.. and to pay a full year tax one shot... is too much and impossible...

I've seen most people have their tax paid every month. And until a year later, they able to claim back some money. I will like to do that... so it will not be such a burden. May I know where can I start doing that?
*
You can request from LHDN to pay your TAX via Installment basis and you need to give solid reason for it.
Another method : Save RMxxx per month in separate account just to pay taxes at the end of June
dannyw
post May 2 2012, 08:27 AM

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QUOTE(dannyw @ Apr 25 2012, 09:32 AM)
Ya, about 1k I guess they will check more details. Mine too, last year after few months only ask for supporting document. Mostly is housing loan interest, else wont be that huge amount.

If this year they still ask for housing loan document, guess i will make a complain. Don't tell me every year I have to sent you the same document? And what is the purpose of using e-filling then? Might as well I go to branch, let them copy what ever document they want, so that no need wait for 3~4 mths only ask for document and another few mths to prepared the cheque...


Added on April 25, 2012, 9:33 am
Receive the payment already?
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Just would like to share here.

I received the LHDN refund directly to Maybank account. rclxm9.gif

This is first time I received direct bank in, for the pass few year is wait for ages, and at the end sent the Cheque.

Anyway, I'm happy with this! rclxms.gif
audreyreiko
post May 2 2012, 09:01 AM

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I have a question for the sifus here, wonder if you can help me.

As I moved companies last year my new HR hasn't been cutting out the taxes, this resulted in a large amount of taxes I owe them even with all the tax relieves.

I've submitted my e-BE and paid the full figure on 27th April, got my e-mail which said payment was successful but at the moment when I login to "Semakan Pengesahan" it is still flashing in red with E-BAYARAN. I know technically I don't have to worry because I got an e-mail proof, but when the site said to disable the pop-up blocker, I thought mine was not activated, and it actually did blocked a site.

So, end up I don't know if I've missed a step to complete the whole transaction or not. sad.gif (I know, my fault)

Been trying to call the toll-free number for a few days, keep getting disconnected. Just now also I tried to call the Inland Revenue Board at 8:50AM in the morning (Today is Wed, not a public holiday) at 1300-88-3010, they proceeded to tell me the working hours are from 7:30AM to 5:30PM from Mondays to Fridays, directed me to call 03-42893636, and ended my call. The 03-42893636 number requires me to key in an announcement code, and I cannot proceed without one ...

Question 1: How do I know if they've accepted my payment successfully?
Question 2: How to reach them? They're not making anyone's lives easier... >.<;;

Please helpp....
rayng18
post May 2 2012, 09:25 AM

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QUOTE(audreyreiko @ May 2 2012, 09:01 AM)
I have a question for the sifus here, wonder if you can help me.

As I moved companies last year my new HR hasn't been cutting out the taxes, this resulted in a large amount of taxes I owe them even with all the tax relieves.

I've submitted my e-BE and paid the full figure on 27th April, got my e-mail which said payment was successful but at the moment when I login to "Semakan Pengesahan" it is still flashing in red with E-BAYARAN. I know technically I don't have to worry because I got an e-mail proof, but when the site said to disable the pop-up blocker, I thought mine was not activated, and it actually did blocked a site.

So, end up I don't know if I've missed a step to complete the whole transaction or not. sad.gif (I know, my fault)

Been trying to call the toll-free number for a few days, keep getting disconnected. Just now also I tried to call the Inland Revenue Board at 8:50AM in the morning (Today is Wed, not a public holiday) at 1300-88-3010, they proceeded to tell me the working hours are from 7:30AM to 5:30PM from Mondays to Fridays, directed me to call 03-42893636, and ended my call. The 03-42893636 number requires me to key in an announcement code, and I cannot proceed without one ...

Question 1: How do I know if they've accepted my payment successfully?
Question 2: How to reach them? They're not making anyone's lives easier... >.<;;

Please helpp....
*
do u have a copy of the payment advice slip and that it has been successfully debited from your bank, just email to IRB with the payment advice slip and let them get back to you. If not just pay a visit to IRB to get it sorted out there and then (and bring along all your supportings)
audreyreiko
post May 2 2012, 09:41 AM

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QUOTE(rayng18 @ May 2 2012, 09:25 AM)
do u have a copy of the payment advice slip and that it has been successfully debited from your bank, just email to IRB with the payment advice slip and let them get back to you. If not just pay a visit to IRB to get it sorted out there and then (and bring along all your supportings)
*
Well I have the e-mail that says:

Dear Customer,

Thank you for using the FPX service.
We are pleased to inform you that the following online payment via FPX is successful:


FPX Transaction ID:1204270825050783
Date & Time:27-Apr-2012 08:29:07 AM
Merchant Name:LEMBAGA HASIL DALAM NEGERI MALAYSIA
Merchant Order No.:HM0000570556
Seller Order No: [My income tax number]
Buyer Bank:MAYBANK2U
Debit Status:00
Credit Status:00
Transaction Amount (RM):XXX


The last resort for me will be going to LHDN itself as I'll have to take a day off to do so... sad.gif
sunnyckh
post May 2 2012, 09:45 AM

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QUOTE(audreyreiko @ May 2 2012, 09:41 AM)
Well I have the e-mail that says:

Dear Customer,

Thank you for using the FPX service.
We are pleased to inform you that the following online payment via FPX is successful:


FPX Transaction ID:1204270825050783
Date & Time:27-Apr-2012 08:29:07 AM
Merchant Name:LEMBAGA HASIL DALAM NEGERI MALAYSIA
Merchant Order No.:HM0000570556
Seller Order No: [My income tax number]
Buyer Bank:MAYBANK2U
Debit Status:00
Credit Status:00
Transaction Amount (RM):XXX


The last resort for me will be going to LHDN itself as I'll have to take a day off to do so... sad.gif
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why i didn't receive this email even though i have pay through FPX? My cimb account show have been debited
rayng18
post May 2 2012, 09:55 AM

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QUOTE(audreyreiko @ May 2 2012, 09:41 AM)
Well I have the e-mail that says:

Dear Customer,

Thank you for using the FPX service.
We are pleased to inform you that the following online payment via FPX is successful:


FPX Transaction ID:1204270825050783
Date & Time:27-Apr-2012 08:29:07 AM
Merchant Name:LEMBAGA HASIL DALAM NEGERI MALAYSIA
Merchant Order No.:HM0000570556
Seller Order No: [My income tax number]
Buyer Bank:MAYBANK2U
Debit Status:00
Credit Status:00
Transaction Amount (RM):XXX


The last resort for me will be going to LHDN itself as I'll have to take a day off to do so... sad.gif
*
just forward this email to IRB and wait for them to reply you. In the meantime, just try to call them and as a last resort have to take a day off to pay them a visit


Added on May 2, 2012, 9:57 am
QUOTE(sunnyckh @ May 2 2012, 09:45 AM)
why i didn't receive this email even though i have pay through FPX? My cimb account show have been debited
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I think you can retrieve the info from cimbclicks. One using maybank2u and you use cimbclicks cannot compare lor two diff banks mah.

This post has been edited by rayng18: May 2 2012, 09:57 AM
audreyreiko
post May 2 2012, 10:25 AM

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QUOTE(sunnyckh @ May 2 2012, 09:45 AM)
why i didn't receive this email even though i have pay through FPX? My cimb account show have been debited
*
When paying there was a column that asked you to put your e-mail address but it was optional.

This is the e-mail I got from filing up my e-mail address.


Added on May 2, 2012, 10:26 am
QUOTE(rayng18 @ May 2 2012, 09:55 AM)
just forward this email to IRB and wait for them to reply you. In the meantime, just try to call them and as a last resort have to take a day off to pay them a visit
Yeah I've just e-mailed to e_filing@hasil.gov.my... sad.gif

Hope it is cleared as soon as possible...


Added on May 2, 2012, 4:29 pmI still cannot call them arrrr....

1300-88-3010 still says it is not operating.

The other number asked me to get an announcement code... what the heck is that?? I can't find it on the website.

This post has been edited by audreyreiko: May 2 2012, 04:29 PM
Tsuto
post May 2 2012, 06:51 PM

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Is the education/medical insurance relief covers husband/wife/child/parents?
SUSDavid83
post May 2 2012, 08:05 PM

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QUOTE(Tsuto @ May 2 2012, 06:51 PM)
Is the education/medical insurance relief covers husband/wife/child/parents?
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QUOTE
A relief not exceeding RM3,000 is available on insurance premiums in respect of education or medical benefits for an individual, husband, wife, or child. Subsection 49(1B). Refer to Working Sheet HK-14 for computation.

Tsuto
post May 3 2012, 11:06 AM

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Thanks. I miss out my wife & child's insurance in my tax submission.. damn
loanneeded
post May 3 2012, 12:52 PM

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hi guys, i'm not sure whether this is the right place to ask. but i think it's about income tax too.

basically, i'm going to be sent to work in china by my current company. So, i want to ask how and where should i declare my income TAX? i'm wondering should i ask my company to pay me in RMB or RM. whichever that can enable me to pay less tax sad.gif

i heard that if i'm going to work oversea, i would consider expat and need to pay 26% flat rate! sad.gif is that true?

it's welcome too if anyone can advise me about China income tax rate. i've searched google and come back with many different result.
Seng_Kiat
post May 3 2012, 01:47 PM

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Hi Guys,

What is the percentage of your income tax paid in PCB?

Formula:
(Total Annual PCB / Total Income) / 100

My PCB annual deduction is about 6%-7% of my total annual income ... I claimed and got back about half .. total I paid as income tax is just about 3-4% .. not bad lah i guess ..

how about you?
taitianhin
post May 3 2012, 02:40 PM

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QUOTE(loanneeded @ May 3 2012, 12:52 PM)
hi guys, i'm not sure whether this is the right place to ask. but i think it's about income tax too.

basically, i'm going to be sent to work in china by my current company. So, i want to ask how and where should i declare my income TAX? i'm wondering should i ask my company to pay me in RMB or RM. whichever that can enable me to pay less tax sad.gif

i heard that if i'm going to work oversea, i would consider expat and need to pay 26% flat rate! sad.gif is that true?

it's welcome too if anyone can advise me about China income tax rate. i've searched google and come back with many different result.
*
That would depend on 2 scenario

1. is you are still under local company employment, but work oversea.
- if this is the case, you r still entitle for local taxation, company pay you allowance/per deem/per receipts claim/watsoever for all your oversea expenses
- And you just use back year end EA form to do your claim as per normal

2. You been totally transfer to china, as in leave local company and sign a new contract with China's Company.
- this, you need HR help to actually terminate your service in current company. HR will need to reconcile all your payment and inform TAXATION office tht you are leaving Malaysia, therefore no more declaration needed after the last paycheck/or last Taxing year.
- But if you are still receiving other sources of income such as rental, stock divident; these income are entitle for 26% taxation. they will treat you as Expat. (for this, you can actually setup a company and get some1 to manage and pay them dummy salary to reduce your income. etc appoint ur mum as CEO)

Correct me if i am wrong laugh.gif
foofoosasa
post May 7 2012, 01:12 PM

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Hi, I just want to do you have to declare your income sources from insurance product related such as Investment link? TQ

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