Me too, they deduct RM79.75 one shot, only one month, it's I will get it back end of this year?.

Depends on your annual chargeable/taxable income.

If you received taxable dividend income, you are eligible to claim the Section 110 to net off your taxable dividend income.
Hope this can help you.

Do we need to declare Dividend earned from REITs, which has been taxed at 10% already.

Yes, need to declare it.

But we already paid 10% With-holding Tax....


Source : http://www.nbc.com.my/real-estate-investme...t-malaysia.html

This post has been edited by ronnie: Oct 13 2011, 06:27 PM

This year i filed a tax refund but when will they issue back the refund?

Its been quite sometime...

Do I have to declare income sourced from the U.S.? I'm freelancing for a company there and they pay by PayPal, which funds are transferred to my bank directly. I have another income source from my blog, and have not declared anything yet since the accountant says it's OK not to declare income less than RM2,500 per month. Also, if I were to pay tax for my blogging income, do I get to deduct the cost like domain names, hosting etc?

Will IRB come knocking my door if I purchase a new or used car, with or without loan?

One more thing: If my mom paid for my education fees in 2009 and 2010, and I'm repaying her monthly now, can I deduct it as my individual education fees? Consider it I loan my education fees from my mom?

This post has been edited by -Teddy-: Oct 15 2011, 08:21 PM

preferable you declare. at least IRB know you're so called "honest" to declare. Whether you declare your blog income or not, it's very subjective. I would recommend you to declare. at least when you mentioned about buying hse, it's easier.

ur education, i don't think you can deduct in that way cos that's your mom, not Registered Financial Institution under Bank Negara.

buy car is easier and not involve much of income tax. but buy hse / property is different. you need to supply your IRB's relevant document when apply loan.

just my 2 cents.

Aug 4 2011, 12:22 AM
Show posts by this member only | Post #112

Hello,

I need some help regarding on income tax issues. I would be glad if somebody can explain my situation.
I'm an offshore contract worker which hired by Switzerland company and my salary in USD which remitted from Switzerland to Malaysia Bank.
I dont pay tax in Malaysia also but recently I've register an Income tax account in Malaysia. ( Just bought a house )
My question is, is it taxable on my income situation? As far as I know, earning foreign currency is not taxable right? But the officer in LHDN told me that I need to pay tax in Malaysia.

Please help me to sort out this issues... thank you in advance... cheers~



Hi there, thank you for the reply.. I've found some information regarding on the Tax Exemption for the Foreign currencies earner. So if u work on the moon, and you received foreign currencies you dont have to pay tax IN MALAYSIA?

" A. Personal Income Tax
1. Who is Liable?
However, with effect from the year of assessment 2004,
income received in Malaysia by an individual for a year of
assessment that is derived from sources outside Malaysia is
exempted from tax. "

Pick from : http://www.kehakiman.gov.my/sites/default/...%20Thailand.pdf

Please correct me if I'm wrong. Thank you.

This post has been edited by hockster: Oct 17 2011, 05:42 PM

Found the following exemption:



I'm a freelance writer for an online publication in U.S. They pay by the number of articles I write per month, not a fixed amount per month like described in the last clause above. Can I consider it karya kesusasteraan, or in English, literary works? Is there any strict definition to that?

Thanks.

Hello guys I submitted Borang B on 30th June this year for last year assessment (2010). But till today not even a letter from IRB come to acknowledge the assessment is correctly done and the amount needed to pay. Do I have to go to their branch again? It's so far.

IRB does not issue Form J anymore. It's self assessment system. What you have filled out as tax payable (or refund) on the Form B is taken as final (unless you get audited by the IRB)

this is my concern ,

i apply a housing loan , and attached with my tax receipt for year 2010.

Can anyone tell me whether this receipt is paying for year 2010 or year 2011. One of the bank keep saying that my tax receipt is paying for year 2011.
But how could anyone pay for year 2011 at this moment ??? and my receipt amount is tally with my year 2010 borang B also.


Sifu please help, please tell me whether is my problem or theirs.....



URGENT!!!

You're paying for 2011. When payment you must have checked the wrong year of assessment

OH is there anyway i can change this issue?? because this is the way i used to report tax leh.......

I see, thanks for the information.

Go and see the tax officer at your branch. (Collections dept)

Hi,

I am a fresh grad and I think I have to pay income tax soon.



From the table, the income tax to be paid is based on our annual income right?

The annual income is inclusive of the allowances in salary or only the basic of salary?

The tax reliefs, for example, RM500 (max) for broadband, we deduct that RM500 from our annual income together with other tax reliefs, then the balance will be match to the table above to determine how much tax to be paid?

Thanks for answering my questions in advance =)

Gross salary include all allowances, bonuses, benefit in kind given by the company, rental income,etc. Relief available like personal relief, wife, children, EPF & Insurance, computer, books, broadband, zakat, parent medical, etc. Balance income will be taxed according to the table.