if no declare income tax, what happen?
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 Dec 31 2011, 11:38 AM
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#1
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Elite
2,036 posts Joined: Feb 2007 From: KL  
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ive always thought that the penalty is 3X what's outstanding. so if you're earning 10k a month and havent declared anything for the past ten years, once the auditors come in you better have a lot of savings.
workers generally have rebates from the pcb. if you dont declare, generally, its your loss. |
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Dec 31 2011, 11:47 AM
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#2
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Elite
2,036 posts Joined: Feb 2007 From: KL
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QUOTE(Currylaksa @ Dec 31 2011, 11:07 AM) Some dude threatened our family's small business to call his contacts in LHDN if we don't pay him. was your business all legit tax-wise?We didn't do anything wrong so ignore him, he tipped off LHDN to come and give us problem. UMNO really really sucks.  |
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Dec 31 2011, 02:59 PM
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#3
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Elite
2,036 posts Joined: Feb 2007 From: KL
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QUOTE(K.I.T.T @ Dec 31 2011, 02:56 PM) i want to ask.if i have company but and i can make this company profitable...and from this profit i want make another new company but this new company i want declare tax.can or not? you pay tax twice. what (registered) company doesnt pay taxes?both of company Solepropietor(Enterprise) |
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Dec 31 2011, 03:31 PM
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#4
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Elite
2,036 posts Joined: Feb 2007 From: KL
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QUOTE(ctrl_alt_del @ Dec 31 2011, 03:30 PM) Easy in Malaysia, all your food, entertainment, cars, petrol, monthly bills claim own company. Make own company pay your self RM2k+ inb4 someone realises those must be declared tooAt the end, not much income tax to pay.. |
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