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 Income Tax Issues v2

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SUSyklooi
post Aug 7 2013, 12:07 PM

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QUOTE(David900924 @ Aug 7 2013, 12:03 PM)
guys i juz started my work 3 months ago, i have full time job, gross 2700, part time 500 + comissions, and next month i will have rental income. how can I reduce my taxable amount in a "way"?

Under the site: http://www.accaglobal.com/content/dam/acca...ct10_f6_MYS.pdf

Any1 reduce their taxable income with internet bill under own name (Payment of monthly bill for broadband subscription – RM500
(maximum)

Is protein/nutrition/health supplements consider as sport or any to be claim?
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your link info is 2010
check this for latest
http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1
SUSyklooi
post Aug 7 2013, 12:25 PM

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QUOTE(David900924 @ Aug 7 2013, 12:12 PM)
I dont quite understand the "purchase of residential property" (sale and purchase agreement is signed between 10th March 2009
and 31st December 2010)

how about purchase on year 2013?

Can I run away from taxes if my side income/part time/full time income is received by cash and I dont put it in the bank?

What item or particulars are included under "Self and Dependent"
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i think the "OFFER" does not apply to 2013...i may be wrong....
i think it does not matter whether you got it in cash or thru the bank...it is what yr company pays you that is important....the company have to pay more taxes if it does not reports paying to you...
hmm.gif i think you can "IF" you did not acknowledge / have prove that you did receives the payment.
What item or particulars are included under "Self and Dependent" ....read this guide.
http://www.hasil.gov.my/pdf/pdfam/Nota_Pen...gan_B2012_1.pdf

This post has been edited by yklooi: Aug 7 2013, 12:29 PM
SUSyklooi
post Aug 9 2013, 06:20 PM

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QUOTE(techknew @ Aug 9 2013, 06:05 PM)
1) What kind of sports equipment are eligible for tax relief?
2) Is iPad eligible of tax relief? Kindly provide supporting if you have any smile.gif
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hope this helps:
http://voyager8.blogspot.com/2009/04/up-to...able-sport.html
page 11 of http://www.hasil.gov.my/pdf/pdfam/Nota_Pen...gan_B2012_1.pdf
SUSyklooi
post Aug 11 2013, 10:42 AM

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QUOTE(johnnywzm @ Aug 11 2013, 07:56 AM)
Can advice me with this kind of scenario anyone ?
My annual salary is around Rm15,000
I've an amount of share(tax paid ) giving around rm5k dividend annually
And an amount of UT of same situation And amount.
I'm 25, single. Would i get a refund or tax payable or nothing ?
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check this out
http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=2
sample of form
http://www.hasil.gov.my/pdf/pdfborang/BE2012_Chinese_1.pdf
hope this helps
SUSyklooi
post Aug 11 2013, 03:55 PM

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QUOTE(johnnywzm @ Aug 11 2013, 02:18 PM)
hmm.gif not exactly. The one that I want to know is that I'm already taxed at 25%(franked) for those dividend.
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similar?
companies resident in Malaysia are required to deduct tax at source at the prevailing corporate tax rate on dividends paid to their shareholders
http://www.hasil.gov.my/printext.php?kump=...0&sequ=15&lgv=1
Dividen yang diterima daripada syarikat yang mengagihkan dividen daripada pendapatan syarikat yang dikecualikan daripada cukai.
http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=3
SUSyklooi
post Dec 4 2013, 09:48 PM

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QUOTE(stoppy @ Dec 4 2013, 09:35 PM)
Pertaining computer relief about MYR3k, I bought an ipad this year around MYR1.2k, can I claim this year relief of MYR1.2k, balance MYR1.8k let say I purchase desktop or notebook next year.
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saw this on the web...you need to confirm the authenticity....

the Ministry Of Finance had on 20th March 2013, issued a letter stating that an individual is eligible for personal relief for the purchase of a personal computer under paragraph 46(1)(j) Income Tax Act 1967, which is defined to be a desktop computer, a laptop computer, Notebook and Ultrabook not used for the purpose of a business. Therefore, this means that other gadgets that are able to perform functions similar to a computer, for example tablet, iPad or handphone NO LONGER qualify for a deduction for the purchase of ‘personal computer’.

http://malaysiantaxation101.com/2013/08/pe...new-definition/

and once every 3 years

This post has been edited by yklooi: Dec 4 2013, 09:58 PM
SUSyklooi
post Dec 4 2013, 10:16 PM

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QUOTE(David83 @ Dec 4 2013, 10:12 PM)
I think I shared this before previously and my friend shared a letter from LHDN regarding this clause.
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rclxms.gif yes, i remembered reading this a few months back.

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