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Income Tax Issues v2
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yiyibrowers
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Jul 23 2012, 05:07 PM
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Hi,
I'm new to it.... My parents own a small company and my monthly paid is Rm2400 and occasionally allowance is Rm600, do I need to have a income tax account? Also my brother are receiving wages from the company, does he have to open income tax account also?
Thank you for advise...
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yiyibrowers
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Jul 24 2012, 03:12 PM
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QUOTE(vin_ann @ Jul 24 2012, 03:18 PM) hi... your annual income have hit threshold of RM24,xxx as mention in income tax act where the chargeable person need to declare income to IRB. The annual income is it before all deduction (eg. EPF)?
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yiyibrowers
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Jul 24 2012, 03:31 PM
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QUOTE(heizad @ Jul 24 2012, 04:24 PM) yes..gross income..because there will be a section where u need to put your epf deduction... Thank for your reply.... I wanted to ask if my younger brother are taking wages from our company, does he entitle for the income tax also..... his gross annual income got exceed rm24,000.....
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yiyibrowers
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Jul 24 2012, 08:00 PM
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QUOTE(vin_ann @ Jul 24 2012, 04:43 PM) my mistake on previous comment. some updates from LHDN website: http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=2If according the new rate/amount of the income tax for year 2010..... It mean i only taxable if my average monthly income is rm2480 before epf deduction..... So it mean I earn less than that, I not no need open a income tax file.... If I wanted to open income tax file also can right?
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yiyibrowers
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Jul 25 2012, 10:45 AM
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Is it everything that the company give me also taxable?
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yiyibrowers
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Jul 27 2012, 09:14 PM
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I wanted to ask if sdn bhd company's director purchase car under personal name, can put into company and claim tax? also the car road tax can claim in the company de income tax ma??
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