Off Shore = In the middle of the sea. Those oil-rigs platform.

Refer attached "Explanatory Notes BE 2008.pdf", item D8C (page 6/12)

D8C PURCHASE OF SPORTS EQUIPMENT


Under the Sports Development Act 1997 (Act-576), these are regarded as sports:



Therefore, dumbbells and medicine balls are deductible.
Protein powder (food/water/nutritions) are not. Clothes, shoes, socks, belts, also cannot.

I'm trying to attach two PDFs into LYN, but always timed-out. You may refer the first doc here (post #2201)
The second doc is the Sports Development Act 1997 (can't upload here)

---

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

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.

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.

Yes. For 2011 deductions, the assessment will be done next year Jan-Mar. Therefore, once you get your EA forms and all other docs, just submit as early as possible, e.g. early Jan. You'll get back the extra money (if any) faster.

A simple example below:
Your annual gross income + bonus + special + etc. = RM36,000
Your rental + dividend + direct sales + any other income = RM15,000

Total = RM51,000

Less : 9k? relief, other deductions like broadband, books, insurance/epf, etc.
let's say RM13,000

Taxable amount
= 51k - 13k
= 38k

Refer your table 35k-50k
On the first 35k = 1,525
Next 15k = 12% x (38k-35k) = 360

Total tax payable = 1525 + 360
= RM1,885

You may not be taxable, but however, I suggest you to start early to DECLARE your income tax only. It is useful if you wish to apply loan/credit/car in future. Start to collect the salary slip, kwsp (if got), etc. so that you can declare in Jan-Apr 2012 (for year 2011). If you don't have an income tax file yet, just go LHDN and enquire to open one.

e.g.
Jan 2011 1.5k
Feb 3k
Mar 1.5k
Apr 3k
May 1.5k
Jun 3k
Jul 1.5k
Aug 3k
Sep 1.5k
Oct 3k
Nov 1.5k
Dec 3k

Total income for year 2011 = 27k
Less: Self relief, EPF/medical insurance/etc., let's say 12k
Taxable income = 27k-12k = 15k

On First 10k = Tax RM175
Next 10k @3% = (15k-10k) x 3% = RM150

Total taxable = 175+150 = RM325
Less: tax rebate RM400 (for those below 36k p.a.)
= -RM75 (means you no need pay tax )

*Beep Beep Beep* All red lights flashing !!! *Woot Woot Woot*

Seriously:
(1) LHDN can audit any of your income, up to 7 years history, whether you declare or not declare.

(2) Computer claim - good luck. Goto LYP or LYN forum and try to get a valid backdated receipt, buy

(3) Internet line - good luck. You can try *fake* the receipt. But if LHDN go deep down and contact the telco, your payment will not be in the system.

(4) There is two things you can't avoid in life: death and taxes.

(5) Suggest you to surrender to LHDN. i.e. wrong declaration. They will recalculate the extra taxes you need to pay, and also may fine (denda) you.

Wrong place here to check if you already have an existing file.

Call up LHDN if they allow you to check over phone.
or email them.
or goto their counter.

Bring MyKad.

If he has nothing to hide, i.e. clean, just bring everything. Showhand with LHDN. Nothing to scare. Worse case is LHDN claim he didn't submit BE/B form for YA2006 only.

If like that, just submit (late submission) and small fine (RM50?) only.
Otherwise, if win, walk out clean.

However, if he has other side-income or undeclared/under-declared... then good luck
Or perhaps those local stock market dividends

I was audited once, I asked them why me, they claimed it is random. Brought all docs / receipts / etc. Showhand with them. They can't bite in at all, not even small chew

I would stick to "Innocent until proven guilty". Hence, stick to your gun. Write an official letter and submit to LHDN, preferable hand-in yourself at counter (print out 2 copies), and ask them chop-received on the other copy (you keep). Ask them to explain in detail how they come up with the RM6.

As long as they can't come up, don't pay.

Just proceed buy whatever you want, as long as the numbers sound logical (explain more below).

Ok, you need to declare in year 2012 (for year assessment 2011) before end-Apr 2012.
Inside that form, you can declare for previous year, i..e year assessment 2010 (the year you start work).
Declaration is based on calendar year (Jan-Dec) as per stated in your slips/receipts/etc.

Income & Loan, in case LHDN audit you.

(i) If you earn 30k per year, and you pay total downpayment 40k
-> obviously illogical, right ? Of course you can claim your parents help you pay 50%-100% of it. Fine. But LHDN may drag your parents in and audit their income tax declarations also. If your parents are clear (no evade / under-declare / not declare), then there is nothing to worry about. Otherwise ...

(ii) If you earn 30k per year, and you pay total downpayment 30k. Ok what ?
-> illogical also. No one can save all their income. What about EPF,Socso, insurance, etc. ? What about your daily expenses for food, clothing, etc. ? Again, you can claim your parents/sister/brother help you. Fine. LHDN may drag your parents/bro/sis in and audit ...

-> I got interest, etc. from Fixed Deposit, etc. Fine. LHDN may ask for details on this and the source of money (fraud ? money laundering ? etc.)

(iii) If you earn 30k per year, and you pay total downpayment <20k. Ok right ?
-> Yes, this sounds logical enough.

Ok, can't find my previous post, maybe get nuked. Repost again.

Refer Explanatory Notes BE 2008.pdf
 Explanatory_Notes_BE_2008.pdf ( 185.34k ) Number of downloads: 39



So, what does Sports Development Act 1997 covers ? Refer Act 576.pdf (page 23) First Schedule (section 2)
 Act_576.pdf ( 53.7k ) Number of downloads: 45

Relax brother. Next month only start, submission deadline is end-Apr.

If have side-business, then submission end-June.

Congrats. They are starting to audit you.

Anyway, if all your past 7 years docs are in order, there is nothing to worry. Just go bang table with them.

If there are fake deductions or no proof or i-dont-know submissions ... kantoi

As suggested, too rush to get a new file for YA2011 (to declare in 2012), since IRB will be busy with their system, setting up counters, weekend work, etc.

Wait until after June 2012, then go get a new file from LHDN office. Or maybe by that time, your finance/HR already get for you and print on payslip.

Then wait Mar 2013 to declare (using the new file number) for YA2012. In that form, there is a section where you can fill up for past-year un-declared income. So you can fill up Dec-2011 and xxx salary, this (Dec-2011) won't get taxed since just one month income for YA2011.

Also, as suggested, Sdn Bhd is not as simple as Sole Prop. You need to close account, audit sign off, secretary fees, etc. If you can setup a Sdn Bhd, do not save on the ~2k expenses p.a.

After all, the liability of directors in Sdn Bhd and Sole Prop is the same. Why you want to setup Sdn. Bhd., right ? If can setup, surely can afford the extra cost for the additional paperwork.

If you want to do proper tax filing, declare Dec-2011 also.
I can tell you if you get audited deep down, it is so easy to find your income in 2011, e.g. LHDN can ask KWSP for all your EPF contribution

Monthly PCB +/- RM10-20 or even RM20-100+ is quite normal, especially on the month you receive extra commission, bonus, etc. Just let it be. Submit your tax once a year and you'll get all those numbers sorted out.
Then you can either get back some money from LHDN (over-deduct on PCB) or top-up to pay the tax (under-deduct).

Officially, it follows 1 computer receipt. Choose the more expensive one.
Unless the computer shop is willing to help you on the invoice as 1 PC = RM3,000.

This year wife not working (YA2012) , will only submit next year 2013.
If you mean your wife not working in 2011 (YA), then do a combined assessment.

Yes, if she starts working again, then can do separate assessment. There is a tickbox in page 1 or 2 of the form.

Depending on the insurer, like Prudential, the annual statement has breakdown on Life insurance and Medical insurance.

Therefore, under that 6k portion, it is for :
EPF + Life Insurance = maximum 6k totaled up.

Medical insurance = maximum 3k

As answered above by someone else, if you are unsure, go ask LHDN. Not LYN.
Otherwise, if unsure (in doubt), do NOT put it in.