Hello anyone,

I want to ask when is the earliest i can start filing tax return? now or wait till march? cause i thought they normally start receive between march - june

btw i am sole propriertor

unless you go to IRB request for paper form, else you can't submit so early since the e-filing system has not been activated for public use

How can an employee reduces the tax payable?

claims full of ur book rebate, ur internet bills, buy insurance, donate to approve organization and makes more babies with ur wife.

go through the tax computation line by line, item by item...

nothing much compared to a business man.

Get a lower salary

Sport equipment too. You can ask what you can rebate from the shop itself, usually they can advise.

I didn't buy much tax rebate-able items last year. D*mnit.

If both parents not working / retired...

can reduce the tax payable?

You wish that's true.... you DO get Tax Relief for paying your parent's medical bills

nice thread. will refer this thread again in future. thks for sharing

For BE, an insurance plan can reliex tax up to RM12,000 (6,000 life + 3,000 medical + 3,000 retirement planning). If your tax bracket is let say 20%, you can save up to RM2400 per annum. If you still have 30 years left to work before you retire, the amount that you could have saved is a whopping huge number.

Furthermore, insurance plan can be tailored made in such a way that the cash value later let say 15 or 30 years later is higher than the total premium that you have saved into the plan, meaning you don't lose your money. At the same time, 30 years down the road if you look back, not only you get back your money, at the same time the insurance protection that you get is as if it is free since you get back your money.

PM me for details.

Just wondering, when does e-filing open for 2012?

About housing interest loan which allow to claim RM10k per year for 3 consecutive years, is by yearly basis or actual monthly?

Example, I start claim my house loan interest on Sept 09, if is by yearly last year complete the 3 years. But is is by month, I should have 8 months more for 2012 to claim for this year Income Tax.

Any expert can clarify this?

Supposed to be around end of March till April/May if got extension

E-Filling for Employees (BE) will be open from 1 March 2013 to 30 April 2013

-question answered-

This post has been edited by paintballtao: Feb 15 2013, 11:06 PM

i'm kinda blur, everyyear also my income tax keep taking away my cash.. i never thought of claiming it coz i dont know how..

Edit:
Can i claims all the past years???

This post has been edited by Rayvirik: Feb 16 2013, 01:23 AM

hi guys, i have a question :

if I am a sole prop and I hired a staff, for his EA form what I should fill in the "No. Majikan" (i think it starts with E) field in my staff's EA form?

FYI, my own tax no is OG xxxxxxxx. Do I have to request for another "majikan no" just for staff tax matters?

thanks for help

This post has been edited by maldiniho: Feb 19 2013, 01:04 PM

mate you have to prepare Borange E as well, the Borang E number = nombor majikan.

Sorry, I am very new in this..fresh graduate.. >.<

Besides the links in the 1st page, is there any other sources whereby I can read about income tax in Malaysia? Because when I read through those link , i kinda blurr blurr >.<

Preferable in English >.<

+ the 6,000 SSPN