(1) Obviously your company accountant is not working properly. For such an obvious 10k cheque issued but not deducted from account, he/she should check all the books again.

(2) How can the accountant close the year-end books ???

(3) If new cheque is cleared, and not into your tax account, again, obviously accountant issue wrong cheque. The cheque cannot be cleared if it is issued to the wrong tax accounts.

(4) LHDN fault for wrongly entering into system.

still haven't get my tax refund... submitted it on march of 2011.... oledi 4 months process.....

called them just now, the staff said : " found out oledi approved by audit dept, nobody inform us can proceed for refund, and since you now calling me to ask for refund, we will now proceed further...."

well.... i'm afraid i will have to call them again next two weeks, and expected the staff will say will proceed to process your cheque....

i think quite difficult and low chance to get back my hard-earned money.... sad...

ok guys who really know about income tax..please advice me

ok now my boss want to run from income tax..and then he offer me

to sign many voucher which are total around 60k..and of coz he giving me some amount of money to sign it..so if i sign this kind of voucher (sub con) is this will cause me a problem in future?

more info: i havent work almost 3 years that i have epf and socso

so any chance that lhdn can trace me for income tax in future..


im really inexperience in this matters (income tax)


so please guide me sifu..


thanks in advance

u have to declare the exact amount as all the amount as u sign as income

how much money did he pay u? u have to check yourself whether u are at a losing side

ok the amount i will have to sign is 55k

and he offering me rm300 as "duit kopi"

so is it worth for me or im the losing side here?

please explain to me briefly bcoz i really dunno about income tax..

and from i check from lhdn website that cause will cost me rm3000++ if i really have to pay for income tax

never done income tax thing before this..

http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=11

This post has been edited by kiminaro: Jul 23 2011, 01:00 AM

you have to pay about RM3,500 tax, and yet u just receive RM300, so u have to cough up RM3,200

your boss is smart, but u have to be smart when u sign anything, if don't understand, don't sign, ask people for opinion then only make decision

if you decide not to pay, IRB will come after u, not your boss

yeah i know there are some catch for him for sure..today i went to work and my boss said he now only want me to sign for 20k

so for right now 20k after deduct 9k (self for budget 2010) so left 11k so following to budget 2010 RM10,001 - RM20,000 the tax would be rm175 - rm300 so if irb come after me later still im on losing side or not?

and my boss said normally income tax wont come after personal income they are chasing business (like enterprise and sdn bhd) but the percentage to get chase is very low..according to what he mention laa..

for right now i havent sign anything yet bcoz i said let me think 1st.


p/s: i havent create any account irb previously and i havent pay any income tax yet..so is there any chance the irb going to trace me later?

are u employed as a staff or sub-con?
without a clear situation nobody can help u

don't get conned by your boss IRB coming for everyone who underestimate or evade tax, they sure got their way to find out. If you are selected, u are the lucky one

ok, let me explain one more time for your scenario

In your boss account, he already included u as sub-con for 60k, this is allowable expense, hence his company chargeable income(profit) is lower.

But in your account, u got an income of 60k, legally u have to declare your income, in your case is Form B (Business income).

Is it clear now?



Note:
problem with those chinaman company nowadays, not willing to pay tax accordingly, then they will adjust their profit lower, when get caught, IRB slap them with a 45% underestimation penalty
If u are paying a high tax amount, be gladly to pay it, because u are in a high income group. Don't underestimate for the sake of saving tax, when shit happen and u are the lucky one selected, u will know how hard to deal with IRB personnel.

for right now i as his staff not sub con..
and he said those voucher for those foreign worker (indon) when he got big project before this..
and in that time he not asking them to sign because he think no need. and now he said irb want the voucher to prove it.

so to be clear dont sign at all? or i have to reduce the amount like 10k or 15k to be safe?

btw as i already in his staff so all the details about me in resume before already in hand..is there any chance to submit the sub con thing without my permission or my sign?..because he asked to one of clerk my full name and ic no and sending the details to his accountant and yet i havent sign anything so far...

(1) Are you aware that you lose out 13% Employer EPF on your monthly 5k ?

(2) Assume you earn 60k/yr and save half of it (30k/yr). 3 years later, you have 90k and want to buy a house/car. Depending on your luck, you may get audited and you will have to explain where you get the 90k savings. You can bluff all the way, but it won't go far.

"For the few thousand/tens-of-thousand to pay to income tax, it is not worth it to evade." - advise from my CPA friend.

for me, it's pretty straightforward. anything that's gonna be against the law or shady, don't do it. it ain't worth it.

Not sure how it happen...but according to the HR.

1) There was a mistaken during fill in the figure. (somehow 10 buck appear from no-where )
2) Back to last year amendment form is already sent to HASIL.

Hopefully can get back the refund asap.

hi..

wanna ask is there anyone experience in doing income tax for contract employment before? for contract employement..it's required to register your own company and income tax will be taxed to your company.

What's the best way to reduce the income tax?

Submitted my Borang BE on March 2011. Supposingly there should be few hundred refund I can get. However, I just got a letter last week, saying that "akaun tuan tidak menunjukkan apa-apa baki kredit yang boleh dibayar balik"..
Past few years I also able to get the refund, just that this yr I receive such a letter...
Shall I visit / call / email and request them to check for it?

i just started working on june. my salary is around rm3k. wut should i do with regards to income tax? do i need to deduct monthly?
pls advise. tq

Sure, why not. As a tax payee, you have the rights to question and ask them to show you how they re-calculate your tax payment. They may not be able to do it over phone, you may try to lodge a case.

I would suggest to drop by the office where your file is located and get a queue number.

However, be prepared if it back-fires, i.e. you submitted wrong declaration or deductions, etc. and they turn the table saying you falsify without receipts/proof, and end up you have to pay fine (e.g. no books receipt, but still deduct 1k ... kantoi ). But if you have nothing to hide and declared clearly, then you have nothing to be afraid.

Ask HR/Finance if they practise PCB for your salary range or not.
Ask your HR/Finance to help prepare the form to create an income tax account number.
You may/may not need to personally goto LHDN counter to open the account, depending on your company.

im not sure about the PCB, but they asked me to open an account first, which i did (e-filing).
so, do i have to do PCB or i just can submit my file manually every April?

so now that you have e-filing, check with your HR about PCB deductions. if they provide PCB deductions, basically, the company will help you to automatically deduct the taxable amount from your monthly salary. PCB deductions will be shown in your payslip.

then when you fill in your income tax via e-filing next year, get the EA form from your company which will show you how much they have deducted from your salary for PCB. if they have deducted more than necessary, you will get a cheque or direct bank in from the LHDN after you file in your income tax. if not, you'll have to pay the difference.

hope this helps! =)

Yes, checked with your HR/Finance if the company is doing PCB for your salary range.

Whether they do PCB or not, you still need to declare next year (for 2011 income). It is your duty to declare it, once you get the EA form, latest by end-Jan 2012.

If got PCB, it will lessen the pain to pay for the tax, since you already pay in advance monthly (like pre-paid installment). In fact, you may get back money, if you overpay the PCB after calculating all the deductions.

If no PCB, and if need to pay tax, then it hurts the wallet to pay up few hundred RM for your salary range.

I changed job on January and my ex-company HR don't know submitted what form to LHDN. End up I had been requested to submit the Borang BE directly to the Jln Duta branch. The officer did asked me to bring along all original receipts for her checking. Therefore, I am 100% confirmed I had declared all thing correctly.

Well, if they want to check back few yrs ago records.. then that a problem.. I need to dig for all the receipts...