no need to buy assets lo...
the moment your friend buys then just be prepared to be clamp down lo...
if no declare income tax, what happen?
if no declare income tax, what happen?
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Dec 31 2011, 10:10 AM
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Senior Member
2,026 posts Joined: Sep 2008 |
no need to buy assets lo...
the moment your friend buys then just be prepared to be clamp down lo... |
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Dec 31 2011, 10:11 AM
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Senior Member
1,616 posts Joined: Aug 2010 |
Normally PCB deduct most of it liao.
At worst he kena some penalty, thats it |
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Dec 31 2011, 10:14 AM
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Junior Member
314 posts Joined: Jul 2009 |
Got one noob question here. At my hometown here almost every villager (bumi race) are involve in oil palm plantation and earn min around 10k ++ to 80k++ per month - not every but almost 70 % . And do not declare tax of their income. So will they kena tax or not ( using bumi plantation license ) ? since they buy so many car and house.
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Dec 31 2011, 10:15 AM
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Junior Member
99 posts Joined: Jan 2003 |
The PCB deduction may sometime be inadequate and thus it is not safe to assume that just because PCB has been deducted you no need to declare.
The IRB is interested as to whether you may have other income. |
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Dec 31 2011, 10:17 AM
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Senior Member
1,616 posts Joined: Aug 2010 |
QUOTE(makky @ Dec 31 2011, 10:14 AM) Got one noob question here. At my hometown here almost every villager (bumi race) are involve in oil palm plantation and earn min around 10k ++ to 80k++ per month - not every but almost 70 % . And do not declare tax of their income. So will they kena tax or not ( using bumi plantation license ) ? since they buy so many car and house. LHDN won't chase if they are bumi |
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Dec 31 2011, 10:20 AM
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Senior Member
4,202 posts Joined: Jan 2003 From: THE ONE AND ONLY CHOO CHOO TRAIN KINGDOM |
they will come audit you.
not a pleasant experience. |
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Dec 31 2011, 10:21 AM
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Senior Member
4,202 posts Joined: Jan 2003 From: THE ONE AND ONLY CHOO CHOO TRAIN KINGDOM |
QUOTE(makky @ Dec 31 2011, 10:14 AM) Got one noob question here. At my hometown here almost every villager (bumi race) are involve in oil palm plantation and earn min around 10k ++ to 80k++ per month - not every but almost 70 % . And do not declare tax of their income. So will they kena tax or not ( using bumi plantation license ) ? since they buy so many car and house. QUOTE(Currylaksa @ Dec 31 2011, 10:17 AM) bumi are tax exempted. |
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Dec 31 2011, 10:21 AM
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Senior Member
1,930 posts Joined: Aug 2005 From: o( *゚ー゚)┘miao^miao Status: Perm Banana |
24%? dafuq, really holyshit... i kenot brain the salary of u guys...
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Dec 31 2011, 10:22 AM
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Senior Member
4,202 posts Joined: Jan 2003 From: THE ONE AND ONLY CHOO CHOO TRAIN KINGDOM |
QUOTE(stimix @ Dec 31 2011, 08:59 AM) Why they need to chase? They already partially got the tax liao..only waiting for your fren to declare. once he declare, he will kena penalty for sure I think 15% ontop of the chargeable income. in addition to whatever rate he kena. penalty for late tax not declared and payable is a whopping extra 45% on top of everything.i speak from experience. i'm a poorfag btw. kena audit bcos 2" jelly i sold 100+ copies of sc2. This post has been edited by Deimos Tel`Arin: Dec 31 2011, 10:22 AM |
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Dec 31 2011, 10:24 AM
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Junior Member
27 posts Joined: Dec 2007 |
QUOTE(cranx @ Dec 31 2011, 08:52 AM) my colleague 31yo earning around RM8.5k he said never declare cause monthly payslip company already deduct. Tax evasion is very serious offence in Malaysia. If get caught your friend might get penalty and have to pay double amount of the total taxable sum that he/she has not paid. so income tax people will not come looking for him. is this true? Btw, tell your friend to brieftly read the tax evasion law at LHDN website. |
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Dec 31 2011, 10:25 AM
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Junior Member
173 posts Joined: Jan 2007 From: Kerteh,Tganu - Seri Kembangan |
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Dec 31 2011, 10:26 AM
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Junior Member
151 posts Joined: Nov 2011 |
Must declare .. even u declare .. gomen still come and ask for more
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Dec 31 2011, 10:28 AM
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Senior Member
4,202 posts Joined: Jan 2003 From: THE ONE AND ONLY CHOO CHOO TRAIN KINGDOM |
QUOTE(DayahKuComeL @ Dec 31 2011, 10:25 AM) they tried to bill me for late taxes not paid inclusive penalty about RM1.3k then i appeal, submit in receipts etc, purchasing invoices etc. paid about RM600 in the end to settle the case. yes, i'm a poorfag, but they still wanna audit me. i cannot brain. at least can sleep nicely for a while until they decide to hound me again. just a matter of time. if they audited you once. they will do it again. |
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Dec 31 2011, 10:32 AM
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Junior Member
77 posts Joined: Jul 2011 |
u dont pay..they LHDN bar from going oversea..My mum already kena la becoz she sell one of the house plot.. luckily they bar her after she back for Mekah..
This post has been edited by Therapy88: Dec 31 2011, 10:33 AM |
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Dec 31 2011, 10:36 AM
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Newbie
2 posts Joined: Oct 2011 |
QUOTE(DX007 @ Dec 31 2011, 09:33 AM) hi newbies here...been working part timely for more than a year....salary less than RM2.5k no need declare income tax right? thanks first according to section 13(1)(a) . any salary that u received is taxable ..so if u r having a job , salary less than rm2.5k , u must declare ur income and the good thing is u dont have to pay tax! correct me if im wrong |
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Dec 31 2011, 10:43 AM
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Junior Member
100 posts Joined: Oct 2011 |
Well, most of the time you will get away with it.
Government dont really care much if you avoid as a serf But once your net worth is more then RM5 million or so, then the government will DEFINITELY probe you. For example, lets say you have a net worth of RM 5 million, the government will use your ammount tax, multiplied by a number (for example lets say u paid RM100,000, and effective tax rate should be 1/6th) , so Rm100,000 x 6 = RM600,000 So then they will deduct all the tax reliefs, lets say total tax relief is RM100,000 So RM700,000. Then they will look at the difference RM5 million minus RM700,000 = RM4,300,000 YOU will be sued for RM4,300,000 x 26% (max tax rate) by the tax department, if you cant proof that 1) Your income comes from TAX FREE sources (like ASB), your mum give, your dad give etc. 2) Your expenses comes from TAX DEDUCTABLE sources (like zakat). If you cant prove it, they will fine you for RM1.3 mill |
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Dec 31 2011, 10:43 AM
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Junior Member
64 posts Joined: Jan 2007 From: Kuala Lumpur |
how about got declare .. but need to pay few hundred to LDHN .. if didnt pay for last year .. how much is the interest ?
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Dec 31 2011, 10:53 AM
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Senior Member
1,335 posts Joined: Nov 2004 |
last time i tried to submit in person when my pay <2.5k, the LHDN clerk chase me away coz they claim i am creating extra work for them when i obviously don need to pay taxes
good luck to ur fren.. i hope he has a paper trail to explain all the money n assets in hand now... if not when kena audit.. LHDN will really "wash" him clean clean |
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Dec 31 2011, 11:02 AM
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Junior Member
468 posts Joined: Jun 2011 |
Y U NO WANT PAY TAX?????? huehuehue
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Dec 31 2011, 11:02 AM
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Junior Member
301 posts Joined: Jan 2006 |
QUOTE(Deimos Tel`Arin @ Dec 31 2011, 10:28 AM) yes, i'm a poorfag, but they still wanna audit me. Eh how did online earner like you kantoi when them, mang? I always thought you could keep all your pile of moneh online without them even knowing iti cannot brain. at least can sleep nicely for a while until they decide to hound me again. just a matter of time. if they audited you once. they will do it again. |
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