Ooh ic. Thanks

so lhdn have to restructure the income tax % for each income bracket.. when this new table available..?
if 4k earners no need to pay tax, then 7k-8k earner tax should be 1/2 than what they are paying now.. right?

Guys,

Let say I have a company which making gross profit RM25k per month. Employee salary is about 15k and RM5k for rental and electricity. Nett profit is about after those expenses is RM5k.

My company will be taxed based on gross or nett profit?

Another scenario, let say I am the owner/investor of the company. Instead of raising my monthly pay which could be taxed, I buy a car under company name as company expense. With additional expense of let say RM1.5k month, the company nett profit now reduced from RM5k to RM3.5k.

Will my company tax based on 3.5k monthly income?

Thank you.

Yes

U want to pay tax or contribute 1M'sia Pension Scheme?

Already available, Appendix 10. Up to 3% reduction (pre-rebate) for income levels between 60k-80k or something like that.

where to download appendix 10 ?

Dunno oo, my friend send to me. Attaching here.


Attached File(s)
 bs14.pdf ( 361.65k ) Number of downloads: 128

Pay EPF. I haven't pay anything this year. Can I pay whole lump sum or I have to pay monthly?

Thank you.

Pay monthly

I have a question. If I am being paid by an international client (I'm a freelancer), is it taxable?



Thanks in advance.

really appreciate your share

where this *after Rm400 rebate came from? so those earn say 10k, no tax imposed on his income?

I think yes, this income is derive in malaysia even is oversea customer.

Advice from non tax agent

What he said. Exact words- Income that is deemed derived in Malaysia will be taxable in Malaysia.

Such a huge gap going from below 100k to above 101k !!

Also below the table theres a comment/not on rm400 rebate? was that always there?

can someone explain to me what this means?

http://www.hasil.gov.my/pdf/pdfam/3648.pdf

Thanks.

I just paid for LASIK surgeries, can it be considered as tax relief under medication?

LASIK surgeries is not considered under medication

LASIK does not even come close to fulfilling conditions considered serious illness
http://www.hasil.gov.my/pdf/pdfam/PENYAKITSERIUS.pdf

Childrens kindergarden fee and other tuition fees can claim or not? Thanks.