Dear All,
May I ask where do you guys declare Dividend Income which is 1 tier ?
2 tier dividend we declare in HK3 with Sec 110 tax deduction. But how about single tier dividend which cannot claim tax refund ?
Income Tax Issues v2
Income Tax Issues v2
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Apr 11 2012, 10:01 AM
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Senior Member
1,864 posts Joined: Apr 2011 |
Dear All,
May I ask where do you guys declare Dividend Income which is 1 tier ? 2 tier dividend we declare in HK3 with Sec 110 tax deduction. But how about single tier dividend which cannot claim tax refund ? |
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Apr 11 2012, 10:33 AM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur |
As I understand that single tier dividends do not require to be declared.
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Apr 11 2012, 07:14 PM
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Senior Member
1,864 posts Joined: Apr 2011 |
So, there is still no place to put in the 1 tier dividend income.
Thanks |
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Apr 11 2012, 08:02 PM
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Junior Member
401 posts Joined: Apr 2010 |
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Apr 12 2012, 09:58 AM
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Senior Member
1,058 posts Joined: Nov 2009 |
Hi Sifus,
1) for sole proprietorship, what can I deduct for my income tax? Half of my last year income was from permanent position, after that I had setup my sole proprietor company, do I need to file my income separately? 2) last year my ex-company sent me to oversea, usually they will withhold our malaysia income tax monthly payment to help us to pay for oversea tax, from my EA form 2011, I found out that my ex-company actually withhold my tax even after I came back to Malaysia (Deduct from my salary but did not pay income tax for me), and the HR made a huge mistake on my EA form, they used my Total Remuneration in 2011 * days in Malaysia divide by total employment days in 2011. But the problem is big portion of the Total remuneration is from my oversea income, I still need to pay oversea tax for that, it is like paying double tax for the same amount of income. I have feedback to HR regarding these, but until now I haven't received any feedback from them, what should I do now? 3) I haven't received my BE form this year, where can I get it? Appreciate for any comment. |
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Apr 12 2012, 09:37 PM
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Junior Member
80 posts Joined: May 2006 |
hei, i just bought a mountain bike, can it be use to claim tax rebate on sports equipment?
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Apr 13 2012, 12:13 PM
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Senior Member
814 posts Joined: Jan 2003 From: Under the Sun. |
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Apr 13 2012, 02:45 PM
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Junior Member
105 posts Joined: Mar 2009 |
do we need to declare REITS dividend income?
hope to yet some answer here....thanks |
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Apr 13 2012, 02:55 PM
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Junior Member
35 posts Joined: Mar 2012 |
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Apr 13 2012, 03:18 PM
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Junior Member
105 posts Joined: Mar 2009 |
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Apr 13 2012, 09:19 PM
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Junior Member
51 posts Joined: Mar 2009 |
Broadband relief of RM500, does it apply to maxis iphone plan (come with data plan)?
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Apr 13 2012, 09:27 PM
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All Stars
52,874 posts Joined: Jan 2003 |
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Apr 14 2012, 03:13 PM
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Senior Member
1,842 posts Joined: Jan 2003 |
Hi guys, My fren have a problem with her old company. Keep asking for the EA form for sometime already. Mind to advise what to do?? Complain to LHDN or what? Not sure what channel should I complain.
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Apr 14 2012, 04:06 PM
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Senior Member
587 posts Joined: Jan 2006 |
is that who has been claim for the tax excemption for new house purchase within 2009 until 31 Dec 2010, will be ask for Audit?
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Apr 14 2012, 06:09 PM
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Senior Member
814 posts Joined: Jan 2003 From: Under the Sun. |
QUOTE(eugenecctan @ Apr 12 2012, 09:58 AM) Hi Sifus, 1) Under your permanent position i.e. as an employee to a company, your income is considered as an Employment Income. Meanwhile, your sole proprietor ship is your Business Income. When doing computation, these two can and can't be added or deducted. My advice is to get a tax agent to help you out on these bsc the computation is a bit complex. To do so, you have to convert from BE to B, a tax agent will help you out.1) for sole proprietorship, what can I deduct for my income tax? Half of my last year income was from permanent position, after that I had setup my sole proprietor company, do I need to file my income separately? 2) last year my ex-company sent me to oversea, usually they will withhold our malaysia income tax monthly payment to help us to pay for oversea tax, from my EA form 2011, I found out that my ex-company actually withhold my tax even after I came back to Malaysia (Deduct from my salary but did not pay income tax for me), and the HR made a huge mistake on my EA form, they used my Total Remuneration in 2011 * days in Malaysia divide by total employment days in 2011. But the problem is big portion of the Total remuneration is from my oversea income, I still need to pay oversea tax for that, it is like paying double tax for the same amount of income. I have feedback to HR regarding these, but until now I haven't received any feedback from them, what should I do now? 3) I haven't received my BE form this year, where can I get it? Appreciate for any comment. 2) Not sure. 3) BE form, you can get it from LHDN as a hardcopy or do an e-filling (softcopy) on their webpage. Go for the latter as it's hassle free. Added on April 14, 2012, 6:13 pm QUOTE(audiocool @ Apr 14 2012, 04:06 PM) is that who has been claim for the tax excemption for new house purchase within 2009 until 31 Dec 2010, will be ask for Audit? For some, LHDN only request for the S&P and other necessary documents to prove that they are eligible. And some kena audit. Need not to worry if you declared everything This post has been edited by countdown: Apr 14 2012, 06:13 PM |
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Apr 14 2012, 09:34 PM
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Senior Member
5,532 posts Joined: Jan 2003 From: Kuala Lumpur |
A quick question; I entered my Maybank account number during e-filling but I'm not sure if there's a column to state what bank it is. In this case, will they refund through bank-in or via cheque?
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Apr 14 2012, 11:53 PM
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Senior Member
1,058 posts Joined: Nov 2009 |
QUOTE(countdown @ Apr 14 2012, 06:09 PM) 1) Under your permanent position i.e. as an employee to a company, your income is considered as an Employment Income. Meanwhile, your sole proprietor ship is your Business Income. When doing computation, these two can and can't be added or deducted. My advice is to get a tax agent to help you out on these bsc the computation is a bit complex. To do so, you have to convert from BE to B, a tax agent will help you out. Thanks for the suggestion, any tax agent to recommend me?2) Not sure. 3) BE form, you can get it from LHDN as a hardcopy or do an e-filling (softcopy) on their webpage. Go for the latter as it's hassle free. Added on April 14, 2012, 6:13 pm For some, LHDN only request for the S&P and other necessary documents to prove that they are eligible. And some kena audit. Need not to worry if you declared everything |
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Apr 15 2012, 10:33 AM
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Senior Member
6,113 posts Joined: Jan 2003 From: Pokey Oaks |
1) If I find some book receipts for 2010 and before, can I still use them for 2011?
2) Unit trust follow YEAR ENDED or PAYMENT DATE? QUOTE(goliath @ Apr 14 2012, 09:34 PM) A quick question; I entered my Maybank account number during e-filling but I'm not sure if there's a column to state what bank it is. In this case, will they refund through bank-in or via cheque? Above the bank account number field, there's a Bank field with a drop down of bank names. If you haven't submitted your e-filing form (merely filled it up), you can login again to check.This post has been edited by Dannyl: Apr 15 2012, 10:43 AM |
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Apr 15 2012, 10:46 AM
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All Stars
52,874 posts Joined: Jan 2003 |
QUOTE(Dannyl @ Apr 15 2012, 10:33 AM) 1) If I find some book receipts for 2010 and before, can I still use them for 2011? 1) If I find some book receipts for 2010 and before, can I still use them for 2011?2) Unit trust follow YEAR ENDED or PAYMENT DATE? Above the bank account number field, there's a Bank field with a drop down of bank names. If you haven't submitted your e-filing form (merely filled it up), you can login again to check. Cannot my dear friend. |
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Apr 15 2012, 04:29 PM
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Senior Member
814 posts Joined: Jan 2003 From: Under the Sun. |
QUOTE(Dannyl @ Apr 15 2012, 10:33 AM) 1) If I find some book receipts for 2010 and before, can I still use them for 2011? 2) Follow payment date.2) Unit trust follow YEAR ENDED or PAYMENT DATE? Above the bank account number field, there's a Bank field with a drop down of bank names. If you haven't submitted your e-filing form (merely filled it up), you can login again to check. |
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