In the Form BE you are suppose to report your rental income nett of deductible expenses.

In the "buku panduan borang BE" you will find a lot of worksheets at the back. The one you are looking for is called HK-4.

See page 48 of this PDF http://www.hasil.gov.my/pdf/pdfam/BP_BE2010_1.pdf

This is the worksheet you use to help you compute your rental income to report in your Form BE. You don't have to submit this worksheet, just keep it for your reference. The worksheet sample I have attached is from 2010 because I can't get the 2012 version. However, I do not think there is any material changes from the 2010 worksheet that would affect your computation.

This post has been edited by CKJMark: Apr 30 2013, 10:00 AM

Correct

Yes, if you paid for it and have the receipt.

If you claimed insurance then you cannot claim for tax

If it is tax exempt then you don't have to put it in the Form BE

Technically speaking the payback is a penalty, not a refund of salary. I say this because when you paid them back, you did not refund the EPF contribution, right?

In this case, it is a penalty you pay for early resignation and it is not deductible for tax because you didn't spend that money to earn your salary.

The excess allowance is not a personal relief. It is a deduction granted at gross level. This means the excess allowance you want to claim is to be deducted from your employment income per EA form. But make sure you keep receipts and proof that the traveling is for work.

Bear in mind you are not just supposed to keep the proof for the excess you are claiming. You are to keep the proof for all your traveling even the amount before you exceed 6000. This is to prove you are not double claiming

I can't remember the amount of the exemption but yes it is in effect. You should see it lumped under "non-taxable/tax exempt perquisites" in your EA

Edit post wrong place

This post has been edited by CKJMark: Apr 30 2013, 11:48 PM

You're right, it expired in 2010. My bad, apologies.

If they have no suspicious reason to suspect fraud, why would they go to that trouble? They don't need to go to EPF to confirm your contribution. They can compel YOU to go to EPF and get a statement to prove your contribution lol. That way, you do the legwork for them.

There is more than one way for them to check your earnings if they want to. They can go to your employer, or cross check you to the employers' return, or the PCB submissions by your employer.

This post has been edited by CKJMark: May 1 2013, 01:14 AM

In your accounts these unreconverable invoices would be treated as doubtful debts. You have the option of:-

1) treating is as a provision
2) writing them off completely

Provided you keep the invoices to prove that you can identify the debtors.

You must also have proof that you tried to recover the debts (i.e. reminder letters, letters of demand).

If you have all this, then all you need to do is treat the unrecoverable amount as an expense item. Bear in mind that if you manage to recover in future, the amount must be brought to tax as income.

Were these dividends included when you filed your tax returns in 2009 onwards?

You probably have to file a revised/amended tax return. You should see the assessor handling your file to discuss the procedure and documentation.

Having a business and starting a company are two different things. You don't have to start a company to have a business. But if you have a business like yours, you have to report it for taxable income.

You should get it checked out why this change happened. They may have information you did not provide them, got the file mixed up, or like you said you filled up the form wrong. It won't change the tax rate, but the OG files have a lot more disclosure to do than the SG files.