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Income Tax Issues v2
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SUSterrance511
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 Feb 21 2012, 03:46 PM
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Getting Started
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hi guys, im newbie in all these tax thing, can u guys help me with some question?
I do a freelance online job, salary not fix, last month 1.5k, this month 2.6k
i transfer my money from my account on freelance market site to my paypal, then from paypal to my bank.
so my question is, do i need to do anything? since it's over 2.5k this month, and how does it work, if i only transfer 2.4k to bank instead of 2.6, will i stil have to pay tax? Do i need to do anything right now? like delacre ? file anything ?
Thanks a lot.
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SUSterrance511
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Feb 21 2012, 04:29 PM
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Getting Started
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QUOTE(rayng18 @ Feb 21 2012, 04:15 PM) Need to open an income tax file first, any supporting when you are paid? Just accumulate the whole of 2011 income for declaration, compute then see if taxable or not, if taxable then pay tax by banking into IRB bank given. If not taxable just submit only supporting u mean document? no any file can show my payment from freelance job la.. conclusion i need to file something, and the tax is base on anuum 1 ? 30k ? i start earning since last year october 2011, when do i need to do all these. thanks a lot  |
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SUSterrance511
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Feb 21 2012, 04:47 PM
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Getting Started
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QUOTE(rayng18 @ Feb 21 2012, 04:35 PM) maybe you can print out the remitance advice when you recieve your pay. since you only started in oct 2011 so you need to compute from oct 11 to dec 11. First and foremost you need to go to IRB to get your file open then only you can declare your income for income tax. you only need to do once a year so all income will be accumulated for the calender year. You can go to any of the IRB office anytime now to get the file open erm, don't have remitance advice.. its a micro job thing, less than Rm20 per task ... really don't have statement at all ... when transfer money to my paypal, only got 1 confirmation email... How? thanks again |
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SUSterrance511
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Feb 21 2012, 07:15 PM
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Getting Started
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QUOTE(rayng18 @ Feb 21 2012, 06:56 PM) then keep your emails that indicate yr income in case IRB wants to look for proof of income ok thanks, my friend say can ignore bout that 2011 3 months 1 since it only average 1.2k, then i just have to wait till 2013 before march then submit 2012 income info. Is that ok ? |
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SUSterrance511
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Feb 21 2012, 07:53 PM
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Getting Started
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QUOTE(rayng18 @ Feb 21 2012, 07:39 PM) yes. but in the meantime just get your income tax file opened can i just wait till 2013 then sekaligus done all that ? haha thanks a lot really |
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