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 Income Tax Issues v2

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wongmunkeong
post Aug 4 2011, 01:15 PM

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QUOTE(takr @ Aug 4 2011, 12:28 PM)
Hahaha.. thanks! Confused due to lack of calories to my brains (excuse!!) ...  tongue.gif

Thanks cute_boboi .. I thought I saw bodybuilding somewhere..
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Better and NOXplode into your routine drinks - helps kicks U up tongue.gif Dangerous handling weights when one is zombified brows.gif

This post has been edited by wongmunkeong: Aug 4 2011, 01:16 PM
hockster
post Aug 4 2011, 04:45 PM

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QUOTE(cute_boboi @ Aug 4 2011, 10:09 AM)
Switzerland (personal) income tax rate 22.4-42.2%

I would guess you are sort of like a contract worker. Therefore, you may use the country where you reside when you are onshore. If you prefer to get taxed in Switzerland, then by all means declare there. Otherwise, declare back in Malaysia LHDN.

If you declare and pay in Switzerland, and you bring the money back into Malaysia (buy house, car, etc.) and get audited by LHDN, LHDN may require you to show proof of the tax you paid in Switzerland, otherwise LHDN will tax you again.
Double Taxation Agreeement

No matter where you work, even on the moon/ISS, your income is still taxable.
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The LHDN Officer told me that, there is a kind of Offshore worker taxation, I wonder how is it look like? Anybody know what is offshore worker taxation rate?

Most of my offshore friends which are Malaysian told me that, they're earning foreign currency, and the currency conversion from the bank are considered blood sucking by the govern. and

My company is not registered under Malaysia firm, so its not taxable by LHDN.
While I'm bring in foreign currency into Malaysia, which mean I'm already (considered) contribute to the country..
If my income is still taxable by LHDN, it would be pain in the assss....

And annually i work 6-8mths, how to declare my income? because when I'm back in Malaysia I dont get pay.and what if i work only 4 mths a year? My salary is daily consolidate, which mean i get paid when i work, if i sit at home, i dont get a single cent.
cute_boboi
post Aug 4 2011, 05:21 PM

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QUOTE(hockster @ Aug 4 2011, 04:45 PM)
The LHDN Officer told me that, there is a kind of Offshore worker taxation, I wonder how is it look like? Anybody know what is offshore worker taxation rate?
I suggest you to get more info from the LHDN officer on "Offshore worker taxation".

Most of my offshore friends which are Malaysian told me that, they're earning foreign currency, and the currency conversion from the bank are considered blood sucking by the govern. and
Not a valid reason.

My company is not registered under Malaysia firm, so its not taxable by LHDN.
False. It does not matter if the company is registered in M'sia or not.

While I'm bring in foreign currency into Malaysia, which mean I'm already (considered) contribute to the country..
Not a valid reason.

If my income is still taxable by LHDN, it would be pain in the assss....
Then, declare your income elsewhere in the world. Cayman Island ? Bahamas ? British Virgin Island ? Monaco ? etc. Then you have proof to LHDN, again ensure the countries you selected has Double Taxation Agreement. Otherwise, you will be taxed again by LHDN, even though you have declared you tax elsewhere.

And annually i work 6-8mths, how to declare my income? because when I'm back in Malaysia I dont get pay.and what if i work only 4 mths a year? My salary is daily consolidate, which mean i get paid when i work, if i sit at home, i dont get a single cent.
Again, not valid reason. Even if I work contract 1 week for rm200k, and then I rest 51 weeks. My 1 week 200k income is still taxable @ 26%
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Added on August 4, 2011, 5:24 pmI know it sucks to pay 26% max when the person can pay around 15% in HK/SG.

That is why the govt needs to introduce GST to tax people on the consumption, rather than the income.
Then the income tax % can be lowered.


This post has been edited by cute_boboi: Aug 4 2011, 05:24 PM
hockster
post Aug 4 2011, 05:39 PM

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QUOTE(cute_boboi @ Aug 4 2011, 05:21 PM)

Added on August 4, 2011, 5:24 pmI know it sucks to pay 26% max when the person can pay around 15% in HK/SG.

That is why the govt needs to introduce GST to tax people on the consumption, rather than the income.
Then the income tax % can be lowered.
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If this is the case,
Then have to figure out some solution to minimization from being tax... This sounds better?

This post has been edited by hockster: Aug 4 2011, 11:20 PM
wongmunkeong
post Aug 4 2011, 05:59 PM

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QUOTE(hockster @ Aug 4 2011, 05:39 PM)
If this is the case,
Then have to figure out some solution to escape from being tax. and makes min taxation...
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ahem ahem - sensitive word leh escape from being tax tongue.gif Sounds like evasion - which is illegal and can be jailed i think

tax optimization or minimization better word. This is a public forum - better not get into trouble with the taXMEN brows.gif
Chester
post Aug 5 2011, 11:53 PM

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QUOTE(munkeyflo @ Aug 3 2011, 08:40 PM)
Mine waited about 3.5 months. They send me a letter a few weeks after submitting my tax saying that it's under audit and if I do not hear from them in 3 months, I should contact them. So I contact them late June and got my cheque a few days later.
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sis..how u contact them? call? email?i also under semakan..2 weeks ago emailed them..they ask for some docs..scanned to them..after that they MIA and not reachable..
pisces88
post Aug 6 2011, 12:45 AM

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i have a question, at what age did you 1st started reporting your tax?
munkeyflo
post Aug 7 2011, 09:57 AM

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QUOTE(Chester @ Aug 5 2011, 11:53 PM)
sis..how u contact them? call? email?i also under semakan..2 weeks ago emailed them..they ask for some docs..scanned to them..after that they MIA and not reachable..
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I called them straight away.
I think you should call and chase them for your refund as well. smile.gif
deodorant
post Aug 7 2011, 08:13 PM

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QUOTE(hockster @ Aug 4 2011, 12:22 AM)
I'm an offshore contract worker

@hockster: this 5 words already gives you your answer. From the company's perspective, they are hiring a contractor that resides in "some other country" (i.e. offshore). that implies that the contractor is obliged to pay his taxes in whatever country he's from.

So, you do have obligations to pay your income taxes in Malaysia. Whether you choose to declare your income to LHDN or not is a separate issue, since it's arguably much easier for you to evade (since the company has no Malaysian presence, doesn't pay PCB, etc).
Chester
post Aug 10 2011, 06:48 AM

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QUOTE(munkeyflo @ Aug 7 2011, 09:57 AM)
I called them straight away.
I think you should call and chase them for your refund as well. smile.gif
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thank you! Think so..plan to call them already today..
munkeyflo
post Aug 10 2011, 12:50 PM

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QUOTE(Chester @ Aug 10 2011, 06:48 AM)
thank you! Think so..plan to call them already today..
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Just call them and they'll process it quicker. I too procrastinated in calling them, that's why my refund cheque took quite some time to reach me. smile.gif
samquah
post Aug 10 2011, 07:03 PM

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i called them 2 weeks ago
they just left my file withot processing
i think they lazy liao

until now still no refund@!
cute_boboi
post Aug 10 2011, 07:28 PM

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QUOTE(samquah @ Aug 10 2011, 07:03 PM)
i called them 2 weeks ago
they just left my file withot processing
i think they lazy liao

until now still no refund@!
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Follow up with LHDN at least once a week by tel call.
For each call, get the person's name, and write it down, together with date and time.

If there is refund, it is your right to get it back.

zeese
post Aug 24 2011, 05:07 PM

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Hi all..

1) I got letter from lhdn, asking me to present them the original document for home loan interest.. anyway,
it doesn't matter what document.. the letter said

"sila kemukakan salinan asal ... bla bla",

but not a single line in the letter mentioning whether I should come to their office, or should I
mail it to them..

So, what should I do? go to lhdn? or mail them the document?


2) Another thing is, the letter mentions that I must give (kemukakan) document within 30 days from the date
of the letter. But I received the letter 3 weeks after the date on the later.. So, I only got 1 week? and
especially, raya holiday is near.. everywhere is holiday already.. should I ignore the timeline?


Tq.






cute_boboi
post Aug 24 2011, 06:09 PM

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QUOTE(zeese @ Aug 24 2011, 05:07 PM)
Hi all..

1)  I got letter from lhdn, asking me to present them the original document for home loan interest.. anyway,
it doesn't matter what document.. the letter said

"sila kemukakan salinan asal ... bla bla",

but not a single line in the letter mentioning whether I should come to their office, or should I
mail it to them.. 

So, what should I do? go to lhdn? or mail them the document?
2) Another thing is, the letter mentions that I must give (kemukakan) document within 30 days from the date
of the letter. But I received the letter 3 weeks after the date on the later..  So, I only got 1 week? and
especially, raya holiday is near.. everywhere is holiday already.. should I ignore the timeline?
Tq.
*
1) Call up and ask them whether they want to meet you up (with who, at which branch, date and time), or just snail-mail to them. If mail, remember to make photocopy to keep yourself.

2) Today is Wed. LHDN is working on Thu, Fri, next Monday and also next Fri (provided is not public holiday). Don't give excuse. I'm sure you have time to go yamcha, clubbing, shopping, dinner with friends/family, etc.
If you think settling LHDN is not that important, then just ignore it and do your other personal matters first.

munkeyflo
post Aug 24 2011, 07:35 PM

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QUOTE(zeese @ Aug 24 2011, 05:07 PM)
Hi all..

1)  I got letter from lhdn, asking me to present them the original document for home loan interest.. anyway,
it doesn't matter what document.. the letter said

"sila kemukakan salinan asal ... bla bla",

but not a single line in the letter mentioning whether I should come to their office, or should I
mail it to them.. 

So, what should I do? go to lhdn? or mail them the document?
2) Another thing is, the letter mentions that I must give (kemukakan) document within 30 days from the date
of the letter. But I received the letter 3 weeks after the date on the later..  So, I only got 1 week? and
especially, raya holiday is near.. everywhere is holiday already.. should I ignore the timeline?
Tq.
*
Call them and ask. It's better if you set up a time and go to their office.
If you mail your documents to them, they might say they never receive or they may really never receive it. And you'll lose all your documents, which I'm very sure you wouldn't want that.

Best is that you get it done before the timeline. Or they may charge you a fine.
shadow_dweller
post Aug 25 2011, 09:43 AM

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QUOTE(zeese @ Aug 24 2011, 05:07 PM)
Hi all..

1)  I got letter from lhdn, asking me to present them the original document for home loan interest.. anyway,
it doesn't matter what document.. the letter said

"sila kemukakan salinan asal ... bla bla",

but not a single line in the letter mentioning whether I should come to their office, or should I
mail it to them.. 

So, what should I do? go to lhdn? or mail them the document?
2) Another thing is, the letter mentions that I must give (kemukakan) document within 30 days from the date
of the letter. But I received the letter 3 weeks after the date on the later..  So, I only got 1 week? and
especially, raya holiday is near.. everywhere is holiday already.. should I ignore the timeline?
Tq.
*
1) When in doubt, call to ask. Try giving a call to seek clarification. Whatever documents u submit to them, make sure u retain a copy for urself.

2) There are many ppl with such issues where the IRB states that the documents must be presented in 30 days from the letter dated but ppl actually receive the letter later. In such cases, call up to seek for extension explaining ur predicament. If u have your documents ready, then try to submit it within the timeline. It's better not to give a bad impression as a headstart. There's still today and tomorrow for u to give a call. smile.gif
dannyw
post Aug 25 2011, 10:35 AM

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QUOTE(zeese @ Aug 24 2011, 05:07 PM)
Hi all..

1)  I got letter from lhdn, asking me to present them the original document for home loan interest.. anyway,
it doesn't matter what document.. the letter said

"sila kemukakan salinan asal ... bla bla",

but not a single line in the letter mentioning whether I should come to their office, or should I
mail it to them.. 

So, what should I do? go to lhdn? or mail them the document?
2) Another thing is, the letter mentions that I must give (kemukakan) document within 30 days from the date
of the letter. But I received the letter 3 weeks after the date on the later..  So, I only got 1 week? and
especially, raya holiday is near.. everywhere is holiday already.. should I ignore the timeline?
Tq.
*
I got the letter ask for copy of document too, I 've call them up. They won't spent time to meet us.

I believe those claim for Housing Loan Rebate, they will ask for supporting.

You may mail the document, or sent it personally to the LHDN branch counter.

This post has been edited by dannyw: Aug 25 2011, 10:37 AM
zeese
post Aug 25 2011, 10:46 AM

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QUOTE(dannyw @ Aug 25 2011, 10:35 AM)
I got the letter ask for copy of document too, I 've call them up. They won't spent time to meet us.

I believe those claim for Housing Loan Rebate, they will ask for supporting.

You may mail the document, or sent it personally to the LHDN branch counter.
*
You're exactly right. It's about the housing loan rebate. They want the proof for it.

Thank you guys for all you advices. I've called them up. The person said, by mail also
ok, but I better send it by person. and ask me to submit it to the branch that sent out
the letter. There're so many nearby branch, but now, I got to go to the far one.. haishhhh..


dannyw
post Aug 25 2011, 10:51 AM

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QUOTE(zeese @ Aug 25 2011, 10:46 AM)
You're exactly right. It's about the housing loan rebate. They want the proof for it.

Thank you guys for all you advices. I've called them up. The person said, by mail also
ok, but I better send it by person. and ask me to submit it to the branch that sent out
the letter. There're so many nearby branch, but now, I got to go to the far one.. haishhhh..
*
And remember to get the counter staff to stamp on ur letter 'RECEIVED with (date)'.

My after sent until today also no reply yet, hopefully no issue.

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