guys i juz started my work 3 months ago, i have full time job, gross 2700, part time 500 + comissions, and next month i will have rental income. how can I reduce my taxable amount in a "way"?
Because I have high commitment for loans n others, any1 can share how u run from taxes. If I received my salary by cash, will they still able to track it?
Under the site: http://www.accaglobal.com/content/dam/acca...ct10_f6_MYS.pdf

Any1 reduce their taxable income with internet bill under own name (Payment of monthly bill for broadband subscription – RM500
(maximum)

Is protein/nutrition/health supplements consider as sport or any to be claim?

This post has been edited by David900924: Aug 7 2013, 12:08 PM

your link info is 2010
check this for latest
http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1

I dont quite understand the "purchase of residential property" (sale and purchase agreement is signed between 10th March 2009
and 31st December 2010)

how about purchase on year 2013?

Can I run away from taxes if my side income/part time/full time income is received by cash and I dont put it in the bank?

What item or particulars are included under "Self and Dependent"

This post has been edited by David900924: Aug 7 2013, 12:15 PM

i think the "OFFER" does not apply to 2013...i may be wrong....
i think it does not matter whether you got it in cash or thru the bank...it is what yr company pays you that is important....the company have to pay more taxes if it does not reports paying to you...
i think you can "IF" you did not acknowledge / have prove that you did receives the payment.
What item or particulars are included under "Self and Dependent" ....read this guide.
http://www.hasil.gov.my/pdf/pdfam/Nota_Pen...gan_B2012_1.pdf

This post has been edited by yklooi: Aug 7 2013, 12:29 PM

Tax evasion is an offense

There is two things in life you can't escape.

And this is also the reason why GST implementation is good.

I haven't got my income tax refund since i last submitted on 15/5 .. does it take such a long time to process. it had been nearly 3 months.. what can I do to get back the refund??

1) What kind of sports equipment are eligible for tax relief?


2) Is iPad eligible of tax relief? Kindly provide supporting if you have any

hope this helps:
http://voyager8.blogspot.com/2009/04/up-to...able-sport.html
page 11 of http://www.hasil.gov.my/pdf/pdfam/Nota_Pen...gan_B2012_1.pdf

Thanks, may i know how to register myself for this tax with IRB, juz bring IC? should i register now or wait after i working a year?

I just resigned from my current employment. Now doing business online. Not register any sole proprietor with SSM yet.

DO I have a register sole proprietor in order to declare with LHDN that I self employed? Can I do it without register sole proprietor.

Any Solution?

Call/Email LHDN and ask them. You have your right to chase them.
If you have nothing to hide/evade, there is nothing to scare about them.
Your tax is for them to work, for their salary.

Your answer is at Q28 here:

http://www.hasil.gov.my/pdf/pdfam/FAQ_B_EN..._11042011_1.pdf

Can advice me with this kind of scenario anyone ?
My annual salary is around Rm15,000
I've an amount of share(tax paid ) giving around rm5k dividend annually
And an amount of UT of same situation And amount.
I'm 25, single. Would i get a refund or tax payable or nothing ?

check this out
http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=2
sample of form
http://www.hasil.gov.my/pdf/pdfborang/BE2012_Chinese_1.pdf
hope this helps

Which share gives out RM5000 dividend annually ?

not exactly. The one that I want to know is that I'm already taxed at 25%(franked) for those dividend. And when I declare my personal income tax, would I get a refund or tax payable since there are some rebate and relief here and there. And I believed I'm not tax at 25% for personal. would rather ignore it if not that I'm thinking to purchase property when I got enough money. Don't wanna have sleepless night chasing by gov!

Did anyone here happened to have the e-Filling in offline excel format if I may asked??


and u did not ask how many share to contribute that RM5k. And it's just a scenario.

This post has been edited by johnnywzm: Aug 11 2013, 02:21 PM

similar?
companies resident in Malaysia are required to deduct tax at source at the prevailing corporate tax rate on dividends paid to their shareholders
http://www.hasil.gov.my/printext.php?kump=...0&sequ=15&lgv=1
Dividen yang diterima daripada syarikat yang mengagihkan dividen daripada pendapatan syarikat yang dikecualikan daripada cukai.
http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=3

Salary RM15k
Dividend RM5k (franked --> RM6.6k)
UT RM5k (franked ?)
Total income RM26.6k --> no tax payable

On top of that, because your dividend is franked (2 tier system), you are eligible to claim the tax paid from LHDN as refund. For RM5k nett dividend, you can claim back ~RM1.6k from LHDN

Many company has already switch to 1 tier system. And from 2014 onwards, all company dividend will be 1 tier system. Ie. you cannot claim back the tax paid for 1 tier system

So, for 2014 onwards, you only declare salary RM15k (or other actual amount). Tax on dividend paid by the company is burnt

This post has been edited by EddyLB: Aug 11 2013, 04:41 PM

that's what I'm trying to know.. btw, 2014 single tier!

I hope you don't mind if I point out this. 2014 onwards, all companies would be on single tier system and as such, there will be no tax deducted from the dividend paid by companies. Shareholder will receive 100% of the dividend (no tax deducted), so there is no issue on whether tax on dividend is burnt or not

Hello, i would like to ask my fren had done online bizness about 2yrs and have to declare tax right? If let say i now share open new bizness with him and go to register company name, will that charge him tax and check to his personal account transaction?