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 Income Tax Issues v2

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MYstombox
post Feb 29 2012, 03:37 PM

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I started work on 1 Dec 2011 (first job in Malaysia).

The company did not deduct PCB for me that month.

Jan and Feb I got deducted PCB.
But on my payslip the "tax file number" is left blank.

So what actually happens to my tax prepayment?

Do I need to file for income tax for 2011?

Is my company supposed to apply for a tax file for me?

MYstombox
post Mar 1 2012, 10:20 AM

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QUOTE(klthor @ Feb 29 2012, 05:37 PM)
You need to apply ur own tax file number most of the time, edaftar is easy and efiling is easy as well. just go to their website http://www.hasil.gov.my/goindex.php?kump=2...1&unit=4&sequ=1

Regarding the PCB, YA 2011 you dont have to pay any tax therefore they did not deduct your PCB. If i were you, I would not go and apply tax file number for YA 2011, instead i will apply for YA 2012. Because it takes time for them to open a tax file for you, if delay = penalty haha. so better start on 2012 ba wink.gif by the way, you get your feb salary edi?
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Feb salary, yes got already.
Also got PCB deduction, no problems with this.

When you mean apply for YA 2012 tax file, means when do I actually go and apply for it?

My company said at the end of this year, they will print out some form (didn't catch what the HR said) and will apply for tax file for me.

Also, the prepaid tax deduction from my company does not follow the schedule 2010 on hasil's website. My company is using computer generated payslip, and I got deducted about RM6 more.


Added on March 1, 2012, 10:26 am
QUOTE(cute_boboi @ Feb 29 2012, 06:46 PM)
As suggested, too rush to get a new file for YA2011 (to declare in 2012), since IRB will be busy with their system, setting up counters, weekend work, etc.

Wait until after June 2012, then go get a new file from LHDN office. Or maybe by that time, your finance/HR already get for you and print on payslip.

Then wait Mar 2013 to declare (using the new file number) for YA2012. In that form, there is a section where you can fill up for past-year un-declared income. So you can fill up Dec-2011 and xxx salary, this (Dec-2011) won't get taxed since just one month income for YA2011.
Also, as suggested, Sdn Bhd is not as simple as Sole Prop. You need to close account, audit sign off, secretary fees, etc. If you can setup a Sdn Bhd, do not save on the ~2k expenses p.a.
Thank you! I will keep tracking, but my payslip the finance officer only print once every few months.

Feb pay already got, but payslip not yet receive.
I only received my Dec '11 and Jan '12 payslip in mid Feb. :S

This post has been edited by MYstombox: Mar 1 2012, 10:26 AM
MYstombox
post Mar 1 2012, 11:06 AM

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QUOTE(klthor @ Mar 1 2012, 10:46 AM)
look at your statement, normally there will be 2 amount. Principal + interest = RM 1,441. add up all the interest , thats the interest you can claim in relief (MAX RM10k).


Added on March 1, 2012, 10:49 am

EA form is the name, its your annual income from the company and an evident to show LHDN, so thats your income smile.gif if the Company apply for you then its good, just make sure to ask them to apply for 2012! meaning your 1st income will be on jan 2012 tongue.gif, so that you can skip 2011 tax return!! O.O
i feel evil haha
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I don't think can skip the Dec 2011 income, anyway for me it doesn't matter.
Because after deduct off the FY2011 personal relief, I don't have to pay for anything for FY2011.

I do prefer to just do everything proper, so that hasil doesn't come after me and even if they do I have proof that I did everything correctly.

on a side note, the question about whether we purchase 2 or more computers, can we claim a total of RM3000 relief or is it just 1 computer?

Also, I went through hasil's website, but it doesn't state much about combined/spouse tax filing and their allowances/relief.

I can only find the rebate @ RM400 per person.

Next question assuming this scenario:

This year wife not working but there are shares under her name. So tax vouchers are under her name.

Can we do joint assessment? Or would separate assessment be better?

If we do joint assessment for the year, in future if she starts working, can she then do individual assessment?
MYstombox
post Mar 1 2012, 11:37 AM

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QUOTE(klthor @ Mar 1 2012, 11:24 AM)
if the wife has not work before then you can not elect for join assessment . but nowadays i dun think ppl will join assessment
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Thank you on this.

What about computers?

Because this is a grey area, doesn't exactly state clearly on the website as well.
MYstombox
post Mar 1 2012, 11:52 AM

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Okay, thanks.
MYstombox
post Mar 1 2012, 02:15 PM

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QUOTE(cute_boboi @ Mar 1 2012, 12:18 PM)
If you want to do proper tax filing, declare Dec-2011 also.
I can tell you if you get audited deep down, it is so easy to find your income in 2011, e.g. LHDN can ask KWSP for all your EPF contribution  rolleyes.gif

Monthly PCB +/- RM10-20 or even RM20-100+ is quite normal, especially on the month you receive extra commission, bonus, etc. Just let it be. Submit your tax once a year and you'll get all those numbers sorted out.
Then you can either get back some money from LHDN (over-deduct on PCB) or top-up to pay the tax (under-deduct).
Officially, it follows 1 computer receipt. Choose the more expensive one.
Unless the computer shop is willing to help you on the invoice as 1 PC = RM3,000.  whistling.gif

This year wife not working (YA2012) , will only submit next year 2013.
If you mean your wife not working in 2011 (YA), then do a combined assessment.

Yes, if she starts working again, then can do separate assessment. There is a tickbox in page 1 or 2 of the form.
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If wife never work before? Like now housewife.
Can still do combined assessment? Or she cannot even be included?

Also, I had no other income in 2011 except for dec 2011.
No commissions nothing, so my PCB does not fluctuate, but no idea how they calculate as it is not as per the schedule 2010.
MYstombox
post Mar 1 2012, 02:39 PM

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Also, when you mean total income over the years.
What if shares were bought in her name?
Dividend qualifies for income, so can that be used for joint assessment?

Ah okay, thanks.
Appreciate it.

This post has been edited by MYstombox: Mar 1 2012, 02:40 PM

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