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 Income Tax Issues v3, Anything related to Personal Income Tax

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LostAndFound
post Apr 16 2015, 09:37 AM

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QUOTE(raist86 @ Apr 15 2015, 06:30 PM)
yea.. that's the whole point of paying via cc.. can collect 2x points...
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Your 2x points can cover the 0.8% charge? I think only Maybank2Kard Amex 5x points can cover (at current TreatsPoints value is 2% back, but dropping to 1.2% next month).
LostAndFound
post Apr 16 2015, 03:51 PM

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QUOTE(raist86 @ Apr 16 2015, 01:37 PM)
points is the extra bonus.. main thing is get additional 20 interest free days once statement is out to pay off with cash... if i make payment on 14th May, statement out on 30th May, i'll only need to use my cash to pay on 20th of June.
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Technically you already pay 0.8% interest up-front....
LostAndFound
post Apr 21 2015, 03:27 PM

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QUOTE(BboyDora @ Apr 21 2015, 01:57 PM)
Cukai lebihan bayaran = LHDN have to pay me back

Cukai dikena bayar balik = I have to pay LHDN back.

Correct or not? Their website BM kinda of confusing.
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Correct.
LostAndFound
post Apr 27 2015, 12:10 AM

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QUOTE(nujikabane @ Apr 26 2015, 11:50 PM)
^ Can I get a confirmation on this?

Do you mean that I have to declare, but may or may not need to pay any tax?
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Yes you must declare. Declare is just telling government how much you earn, whether or not you pay tax depends on the AMOUNT you earn.
LostAndFound
post May 14 2015, 01:35 PM

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QUOTE(Quazacolt @ May 14 2015, 11:41 AM)
i see.

however afaik lhdn/myself don't owe each other anything.
it would be nice if this "ledger" thingy is being communicated more clearer sad.gif

calling them also does jack shit as the line is forever engaged/busy
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Suggest that its better to deal with your employer and inform them to pay less tax deduction on your behalf (most will have some form of Monthly Tax Deduction form you can fill). Requires you waiting a year, but then at the end of the year LHDN won't owe you money and hence you can contra the ledger amount from what you're supposed to pay them.
LostAndFound
post Jun 26 2015, 07:29 AM

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QUOTE(JW3333 @ Jun 25 2015, 05:50 PM)
Hi, anyone know how's the income tax charge if buy a car with cash money ard 60k?
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Maybe you're worried about it because you never report income tax before? If that's the case can't really help you, no experience.

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