Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
128 Pages « < 13 14 15 16 17 > » Bottom

Outline · [ Standard ] · Linear+

 Income Tax Issues v2

views
     
rayng18
post Jan 19 2012, 10:38 AM

Regular
******
Senior Member
1,481 posts

Joined: Sep 2011


QUOTE(WhiteWing @ Jan 19 2012, 10:22 AM)
Good morning everybody,I been reading the thread from page 1 until here.

I just got some question in my mind now. sad.gif , Appreciate it if anyone could assist me. sad.gif

Right now I working with 1 company and my basic salary is RM 2,200 and fixed allowance is RM 400 = RM 2,600. I am paying EPF and socso for this company A. Then got a company B I been working as part time as a favor by helping them,they giving me a random salary every month, like November giving me RM 1,000,then December RM 1,400,then January RM 2,000. So sometimes this company B paying the salary to me is not fixed and this company I didn't contribute EPF and socso as I only part time.

Then salary became like this ..

November 2011 : RM 2,600 + RM 1,000 = RM 3,600
December 2011 : RM 2,600 + RM 1,400 = RM 4,000
January 2012 : RM 2,600 + RM 2,000 = RM 4,600

I think the figure sure reach around RM 3,500 every month, now I afraid  sweat.gif

So right now do I need to declare income tax or what  rclxub.gif. FYI I don't have EA form with me because I been keep on changing job for better pay and allowance.

Anybody can tell me what to do ?  notworthy.gif
*
Although you change job often, need not worry, all employers are required to prepare the EA form to all its employees so for 2010 say you work for Co A full time and doing part time for Co B, you should be geting 2 EA forms from both Co A and Co B for 2010,if you have not got them ask from HR of both Co A and Co B for the EA form,then during submission of your income tax return in April 2012 just total up the annual income for both Co A and Co B.

I assume you have not open an income tax file with IRB, so you need to open your income tax file, usually your company HR will do it for you, just ask them to do it if not you have to go to IRB to open a file. No matter how big or small your income you still need to open an income tax file and declare your income. So check with your HR/IRB whether your income tax file is opened and you will be getting an income tax file reference number.
WhiteWing
post Jan 19 2012, 11:02 AM

Look at all my stars!!
*******
Senior Member
2,854 posts

Joined: Feb 2006
From: Sri Petaling ~ Kuala Lumpur
QUOTE(rayng18 @ Jan 19 2012, 10:38 AM)
Although you change job often, need not worry, all employers are required to prepare the EA form to all its employees so for 2010 say you work for Co A full time and doing part time for Co B, you should be geting 2 EA forms from both Co A and Co B for 2010,if you have not got them ask from HR of both Co A and Co B for the EA form,then during submission of your income tax return in April 2012 just total up the annual income for both Co A and Co B.

I assume you have not open an income tax file with IRB, so you need to open your income tax file, usually your company HR will do it for you, just ask them to do it if not you have to go to IRB to open a file. No matter how big or small your income you still need to open an income tax file and declare your income. So check with your HR/IRB whether your income tax file is opened and you will be getting an income tax file reference number.
*
Rayng18,thank you so much. FYI I can get the EA form from company A because I just work there for 3 months only,before that I work with company C for 9 months, I grab that one from them too and company B said no EA form for me doh.gif

Is it I just need to submit EA form 2011 from company A and company C to IRB department?

Yes,I not yet have an income tax file with IRB. I don't want the company A HR to file the income tax because I don't want them to know I got side-income. In company A HR,they think my salary no need to declare because didn't reach the limit yet.

I heard the income tax will deduct 12% is it ?
rayng18
post Jan 19 2012, 11:11 AM

Regular
******
Senior Member
1,481 posts

Joined: Sep 2011


QUOTE(WhiteWing @ Jan 19 2012, 11:02 AM)
Rayng18,thank you so much. FYI I can get the EA form from company A because I just work there for 3 months only,before that I work with company C for 9 months, I grab that one from them too and company B said no EA form for me doh.gif

Is it I just need to submit EA form 2011 from company A and company C to IRB department?

Yes,I not yet have an income tax file with IRB. I don't want the company A HR to file the income tax because I don't want them to know I got side-income. In company A HR,they think my salary no need to declare because didn't reach the limit yet.

I heard the income tax will deduct 12% is it ?
*
Co A will not know your side income they just submit your application to open the file only. It save you the hassle to go personally to open the file.
As for Co B part time, I am sure they have black and white when they pay you, if yes use that as your income proof, if not you don't declare that part time income (biut not recommended), and just compile Co A and Co C total income for 2011.
As indicated earlier, whether income reach limit or not can still open file one because sooner or later still will reach mah.
firee818
post Jan 19 2012, 01:53 PM

Regular
******
Senior Member
1,205 posts

Joined: Jan 2010


QUOTE(WhiteWing @ Jan 19 2012, 11:02 AM)
Rayng18,thank you so much. FYI I can get the EA form from company A because I just work there for 3 months only,before that I work with company C for 9 months, I grab that one from them too and company B said no EA form for me doh.gif

Is it I just need to submit EA form 2011 from company A and company C to IRB department?

Yes,I not yet have an income tax file with IRB. I don't want the company A HR to file the income tax because I don't want them to know I got side-income. In company A HR,they think my salary no need to declare because didn't reach the limit yet.

I heard the income tax will deduct 12% is it ?
*
1) Company B didn't deduct EPF and Socso from u, meaning that this income is "illegal"
2) So, obviously Company B can't give u EA.
3) So u need to declare Company A and Company C income if u total income is over RM2500 (my advise) to IRB.


rayng18
post Jan 19 2012, 02:28 PM

Regular
******
Senior Member
1,481 posts

Joined: Sep 2011


QUOTE(firee818 @ Jan 19 2012, 01:53 PM)
1) Company B didn't deduct EPF and Socso from u, meaning that this income is "illegal"
2) So, obviously Company B can't give u EA.
3) So u need to declare Company A and Company C income if u total income is over RM2500 (my advise) to IRB.
*
1) totally disagree, eg,if you do part time unit trust consultant, mana ada deduct EPF or Socso, they still provide you with commission statement so you still have to declare
firee818
post Jan 19 2012, 02:51 PM

Regular
******
Senior Member
1,205 posts

Joined: Jan 2010


QUOTE(rayng18 @ Jan 19 2012, 02:28 PM)
1) totally disagree, eg,if you do part time unit trust consultant, mana ada deduct EPF or Socso, they still provide you with commission statement so you still have to declare
*
Then WhiteWing need to say clearly what is his part-time job, this will clear all the doubt.
No need to agree or disagree this and that and guess what is his part-time job.
See the word "SALARY" written by WhiteWing below. Look carefully before make any comment.

Wonder u react in such a weird way? hmm.gif


Added on January 19, 2012, 2:55 pm
QUOTE(WhiteWing @ Jan 19 2012, 10:22 AM)
Good morning everybody,I been reading the thread from page 1 until here.

I just got some question in my mind now. sad.gif , Appreciate it if anyone could assist me. sad.gif

Right now I working with 1 company and my basic salary is RM 2,200 and fixed allowance is RM 400 = RM 2,600. I am paying EPF and socso for this company A. Then got a company B I been working as part time as a favor by helping them,they giving me a random salary every month, like November giving me RM 1,000,then December RM 1,400,then January RM 2,000. So sometimes this company B paying the salary to me is not fixed and this company I didn't contribute EPF and socso as I only part time.

» Click to show Spoiler - click again to hide... «

*
This post has been edited by firee818: Jan 19 2012, 02:59 PM
rayng18
post Jan 19 2012, 03:13 PM

Regular
******
Senior Member
1,481 posts

Joined: Sep 2011


QUOTE(firee818 @ Jan 19 2012, 02:51 PM)
Then WhiteWing need to say clearly what is his part-time job, this will clear all the doubt.
No need to agree or disagree this and that and guess what is his part-time job.
See the word "SALARY" written by WhiteWing below. Look carefully before make any comment.

Wonder u react in such a weird way? hmm.gif


Added on January 19, 2012, 2:55 pm
*
You are the one who is acting weird, as the part time income is not fixed its not called salary its called wages and its not illegal. you still have to declare all income earned, we are just trying to give an opinion and so arguments like this is normal to get everyone know.
firee818
post Jan 19 2012, 03:25 PM

Regular
******
Senior Member
1,205 posts

Joined: Jan 2010


QUOTE(rayng18 @ Jan 19 2012, 03:13 PM)
You are the one who is acting weird, as the part time income is not fixed its not called salary its called wages and its not illegal. you still have to declare all income earned, we are just trying to give an opinion and so arguments like this is normal to get everyone know.
*
Why just now u said it maybe commission and now turn the word to salary/wages?

Either salary or wages, it is required to contribute EPF and Socso by law.

Since u like to argue with me, then u need to give the reason why Company B didn't contribute EPF and Sosco for him? smile.gif

If Company B can't give u EA, how can u declare to IRB?


QUOTE(WhiteWing @ Jan 19 2012, 11:02 AM)
Rayng18,thank you so much. FYI I can get the EA form from company A because I just work there for 3 months only,before that I work with company C for 9 months, I grab that one from them too and company B said no EA form for me doh.gif

Is it I just need to submit EA form 2011 from company A and company C to IRB department?

Yes,I not yet have an income tax file with IRB. I don't want the company A HR to file the income tax because I don't want them to know I got side-income. In company A HR,they think my salary no need to declare because didn't reach the limit yet.

I heard the income tax will deduct 12% is it ?
*
This post has been edited by firee818: Jan 19 2012, 03:39 PM
rayng18
post Jan 19 2012, 03:45 PM

Regular
******
Senior Member
1,481 posts

Joined: Sep 2011


QUOTE(firee818 @ Jan 19 2012, 03:25 PM)
Why just now u said it maybe commission and now turn the word to salary/wages?

Either salary or wages, it is required to contribute EPF and Socso by law.

Since u like to argue with me, then u need to give the reason why Company B didn't contribute EPF and Sosco for him? smile.gif
*
its because we don't know that's why i say maybe and read further his part time pay is not fixed and yes it is by law part timers needs to contribute to EPF and Socso if he contributes 30% to 70% of his normal fulltime job time to his part time job
http://thestar.com.my/news/story.asp?sec=n.../20100818160440
all these are not known, maybe he work only just for few hours and the onus is on Co B to deduct EPF and Socso, and since he is getting paid (and pls be informed that payslip is given to him) he needs to declare his part time income also.
firee818
post Jan 19 2012, 04:08 PM

Regular
******
Senior Member
1,205 posts

Joined: Jan 2010


QUOTE(rayng18 @ Jan 19 2012, 03:45 PM)
its because we don't know that's why i say maybe and read further his part time pay is not fixed and yes it is by law part timers needs to contribute to EPF and Socso if he contributes 30% to 70% of his normal fulltime job time to his part time job
http://thestar.com.my/news/story.asp?sec=n.../20100818160440
all these are not known, maybe he work only just for few hours and the onus is on Co B to deduct EPF and Socso, and since he is getting paid (and pls be informed that payslip is given to him) he needs to declare his part time income also.
*
All these presumption are assumed, thus no point to discuss further until whitewing makes clarificaton.


WhiteWing
post Jan 19 2012, 04:50 PM

Look at all my stars!!
*******
Senior Member
2,854 posts

Joined: Feb 2006
From: Sri Petaling ~ Kuala Lumpur
QUOTE(firee818 @ Jan 19 2012, 02:51 PM)
Then WhiteWing need to say clearly what is his part-time job, this will clear all the doubt.
No need to agree or disagree this and that and guess what is his part-time job.
*
QUOTE(firee818 @ Jan 19 2012, 04:08 PM)
All these presumption are assumed, thus no point to discuss further until whitewing makes clarificaton.
*
firee818,I don't know how to say. My job scope in company B is like this :-
I work with them,meet customer. If I able to close the deal,they share with me some of the profit of the deal I closed. That why can see inside the payslip,every month amount is different. This is the reason why they say cannot give me EPF and socso contribution.
firee818
post Jan 20 2012, 08:39 AM

Regular
******
Senior Member
1,205 posts

Joined: Jan 2010


QUOTE(WhiteWing @ Jan 19 2012, 04:50 PM)
firee818,I don't know how to say. My job scope in company B is like this :-
I work with them,meet customer. If I able to close the deal,they share with me some of the profit of the deal I closed. That why can see inside the payslip,every month amount is different. This is the reason why they say cannot give me EPF and socso contribution.
*
In determine the legality of your Company B income, you need to identify whether there is
any employment contract or any sort of contract between you and the company stating that you are:-

1). Employee of the company.
2). Independent contractor/contractor/agent of the company

If you are under No.(1), then you may entitle to EPF and Socso contribution (subject to the part-time rule).
If you are under No.(2), then you are not entitle to EPF and Socso contribution.

If u do not have any employment contract between u and the company, then your income will be classified under "grey area".

This post has been edited by firee818: Jan 20 2012, 08:41 AM
db07mufan
post Jan 21 2012, 11:17 PM

Look at all my stars!!
*******
Senior Member
3,705 posts

Joined: Jan 2003
A problem guyss,

i have just started working in the real world and realised my company has not deducted any pcb for me. I don;t even know if i have a account with income tax.

Do i need to register myself with LHDN or will HR do everything for me? When are the taxes due, i started working in august, so that means this august i'll need to submit my taxes?

Do i register online EDAFTAR and give the income tax number to HR so that they can start doing the PCB?

This post has been edited by db07mufan: Jan 21 2012, 11:23 PM
Seng_Kiat
post Jan 24 2012, 10:34 PM

Look at all my stars!!
*******
Senior Member
5,580 posts

Joined: Jan 2005
QUOTE(smsbusiness2u @ Jan 24 2012, 03:04 PM)
can submit 2011 tax already?
*
nope .. normally at the beginning of march ..
yhtan
post Jan 25 2012, 11:20 AM

Look at all my stars!!
*******
Senior Member
8,652 posts

Joined: Sep 2005
From: lolyat


QUOTE(db07mufan @ Jan 21 2012, 11:17 PM)
A problem guyss,

i have just started working in the real world and realised my company has not deducted any pcb for me. I don;t even know if i have a account with income tax.

Do i need to register myself with LHDN or will HR do everything for me? When are the taxes due, i started working in august, so that means this august i'll need to submit my taxes?

Do i register online EDAFTAR and give the income tax number to HR so that they can start doing the PCB?
*
How much is your monthly pay per month? if it exceed RM2,600 per month, this year onwards your pay will be deducted PCB

since u start work on August, and your total income from August to December does not exceed RM32,000, u did not need pay PCB. Don't worry about the tax file, your HR will do the job
rayng18
post Jan 25 2012, 11:58 AM

Regular
******
Senior Member
1,481 posts

Joined: Sep 2011


QUOTE(db07mufan @ Jan 21 2012, 11:17 PM)
A problem guyss,

i have just started working in the real world and realised my company has not deducted any pcb for me. I don;t even know if i have a account with income tax.

Do i need to register myself with LHDN or will HR do everything for me? When are the taxes due, i started working in august, so that means this august i'll need to submit my taxes?

Do i register online EDAFTAR and give the income tax number to HR so that they can start doing the PCB?
*
Just check with your HR whether they have open the income tax file for you, if they have not ask them whether they will be doing so if not you will have to go to IRB to open one.

No worries you will know whether you need to pay tax when you do your YA2011 tax return in April 2012 due on 30/4/12
temptation1314
post Jan 26 2012, 04:40 PM

Specials : 1,000,000 Spam Post Attack
*******
Senior Member
2,287 posts

Joined: Jun 2007
From: Anno Domini Time Ultra: 1,000,000 Trans Am Attack!
QUOTE(WhiteWing @ Jan 19 2012, 04:50 PM)
firee818,I don't know how to say. My job scope in company B is like this :-
I work with them,meet customer. If I able to close the deal,they share with me some of the profit of the deal I closed. That why can see inside the payslip,every month amount is different. This is the reason why they say cannot give me EPF and socso contribution.
*
Here's my 2 cents

You do not need to declare those income that doesn't have EPF deduction. There's actually many such "income" that no people will go declare, just because they can save them self from taxes.
e.g. Selling in Lowyat Garage Sales is one good example. You help people from other state take order and go lowyat get best offer and you take profit from there. Such as profit are income also, but not classified as taxable income.

Income without EPF deduction are not audit-able as well. One reason you do not need to afraid if people say you run from tax. Without proper record, they can't sue you.

My 2cents la. If you want to self declare and help our doggie government, then go ahead lol.
cherroy
post Jan 27 2012, 01:18 AM

20k VIP Club
Group Icon
Staff
25,802 posts

Joined: Jan 2003
From: Penang


QUOTE(temptation1314 @ Jan 26 2012, 04:40 PM)
Here's my 2 cents

You do not need to declare those income that doesn't have EPF deduction. There's actually many such "income" that no people will go declare, just because they can save them self from taxes.
e.g. Selling in Lowyat Garage Sales is one good example. You help people from other state take order and go lowyat get best offer and you take profit from there. Such as profit are income also, but not classified as taxable income.

Income without EPF deduction are not audit-able as well. One reason you do not need to afraid if people say you run from tax. Without proper record, they can't sue you.

*
Wrong advice. smile.gif

Those Garage sales income is also a taxable income.
Those income without EPF contribution also a taxable income, for eg. commission based deal etc.

There is no such thing of income without EPF deduction is not auditable, it can be traced if they really want to.

This post has been edited by cherroy: Jan 27 2012, 01:19 AM
temptation1314
post Jan 27 2012, 02:50 AM

Specials : 1,000,000 Spam Post Attack
*******
Senior Member
2,287 posts

Joined: Jun 2007
From: Anno Domini Time Ultra: 1,000,000 Trans Am Attack!
QUOTE(cherroy @ Jan 27 2012, 01:18 AM)
Wrong advice.  smile.gif

Those Garage sales income is also a taxable income.
Those income without EPF contribution also a taxable income, for eg. commission based deal etc.

There is no such thing of income without EPF deduction is not auditable, it can be traced if they really want to.
*
Hmm, ok. smile.gif

Mind to elaborate more? (The part of where "I buy and sell you get profit" income)
P/S : I'm not looking a leeway to run from tax. Trying to learn this.
WhiteWing
post Jan 27 2012, 03:01 AM

Look at all my stars!!
*******
Senior Member
2,854 posts

Joined: Feb 2006
From: Sri Petaling ~ Kuala Lumpur
Mind to tell me more ? I not mean I want to run tax but I just want to find a proper way to adjust it.

128 Pages « < 13 14 15 16 17 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0298sec    0.37    6 queries    GZIP Disabled
Time is now: 7th December 2025 - 04:55 PM