2.3k gross x 12 months will not subject to income tax

unless you go to IRB request for paper form, else you can't submit so early since the e-filing system has not been activated for public use

not all employers will have the E file Number (Nombor Majikan), some companies/proprietorships/partnerships registered more than 5 years ago did not come with E file number unless they applied for it specifically for submission of PCB.

therefore, if you submit Form E, then you will have an E file number, if you don't submit, you leave it blank at the EA Form

it is not easy to understand income tax rules and regulations, some of us here spent years in doing and learning it. for certain tax treatments we can only learn through case study, the guidelines given might be to brief.

most of the time peoples only learn those parts applicable to them such as tax reliefs, you can use google search for more info or read IRB Public Rulings for easier understanding

This post has been edited by nothingz: Feb 24 2013, 05:35 PM

there will not be any problem if your business really does not have an E File Number, so to your staff

the purpose of having Form E is to monitor those earning more than RM30k per annum and whether do they declare taxes. if your business does not have anyone earning more than 30k/the business is dormant then it is meaningless to file in although it works as a declaration. therefore no point requesting for an E File Number if you are not meeting the criterias

were you required to pay tax in last year's tax return? if you were not required to pay, they may not send you CP500 this year.

if you are worried then ask your tax agent or call IRB to ask yourself

most of the peoples hope that they will not receive the CP500, so that they don't need to pay in advance. not much peoples will like to pay in advance voluntarily. hahahaha

you can call to ask about it tomorrow

If IRB wants to make it compulsory for all employers, they should issue the Form E to them and not wait till they come and apply since their system should have all the info

the income tax act is drafted in the way that you are 'guilty unless proven innocent', because you have to pay tax in advance, CP500 & CP204 before you file in your final tax. in 1 way it reduces your burden by not having to pay 1 lump sum which the amount may be substantial but on the other hand, you don't earn interest by depositing to IRB.

1 more thing is, you better don't underestimate because you will be penalised if the difference between estimation and actual is more than 30%. as if all the business profits can be estimated reliably...

for a well manage business, i feel that the 'paying tax in advance' practice is unfair to the taxpayer

Paying taxes is normal but paying taxes in advance is not normal. Sometimes you have not even received the money(cash flow) but have to pay in advance first.

6th and 9th revision are still before year end, business carries risks and uncertainties. It may experience fluctuations in final months, therefore the paying in advance practice does not benefit taxpayers. You pay them is easy, there's always e-payment system on irb website but where is e-refund?

Your less than RM30K income per year not subjected to tax is wrong since you assumed that employee has contributed epf, what if he did not and he does not claim other reliefs?

This post has been edited by nothingz: Feb 26 2013, 12:39 PM

A notice of assessment has not come out but you need to pay first, how can that be fair? Underestimate will subject to penalty but overestimate has no interest, fair? At least our neighbour, Singapore does not practise such tax collection method.

Offset tax instalments is very theoretical but when it comes to practical, it can be very confusing. You may offset current tax instalments with previous overpayments but what if you revise the previous YAs tax comps? The keep tracking procedures are very troublesome especially those clients who do not always pay on time, penalties come in again and make the situation worse. Some of the balances may be from the 90's, able to track?

Obviously, you work for irb.

if you are a taxpayer, you should think on the taxpayer's behalf but you are damn funny

This post has been edited by nothingz: Feb 26 2013, 08:07 PM

on your EA form, the total remuneration means salary + bonus + allowance + benefit in kind (eg, car benefit) + bla bla bla = total income excluded the tax exempted allowance

means your total income of the year is the total income + the column G. i think you take the correct figure, you can just ignore the column G since it is not taxable.

so far i have not seen any half half claim unless due to divorced couple. should let the one with higher tax bracket to claim the relief

the total income there should have excluded the tax exempt income, unless your HR made a mistake. sure

form BE

why don't you read your annual statement carefully before asking here? it has already been separated into life/medical/education/PA/critical illness/others

you can request IRB to lower down the CP500 instalment amount but if the difference between the lowered amount and your actual tax has more than 30% difference, the difference may subject to under-estimate penalty

the first instalment is due end of this month, pay it first then request for a revision copy from IRB if you insist on lowering it down

did you read carefully?

medical/life insurance can only claim 60% at medical insurance portion

such term medical/life insurance premium can claim 100% under life insurance or 60% under medical insurance. the explanation behind the Great Eastern yearly statement is very clear.

ING insurance also has similar type of insurance which they categorised it as Critical Illness, such theory apply if i am not mistaken. so please read the explanatory note below your premium amounts. Only 60% premium qualify for medical insurance relief. Else you can claim 100% under life insurance + EPF relief. Claim either one only

if he has proprietorship/partnership income to declare then file in e-B else use e-BE

If dont know how to fill in and want to save money, do not want to go to tax agent, then you should go to LHDNM office and ask those officers to help you. It is difficult to explain here