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Income Tax Issues v4, Scope: e-BE and eB only
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T231H
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Nov 17 2016, 07:47 AM
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QUOTE(philipkyw @ Nov 17 2016, 07:18 AM) HI, May I know if this year I brought a new PC (ie:2800), during tax submission on next year, it should be still following previous guideline where we having tax relief of 3k for computers, or it changed to the new policy of 2.5 on sports+computer ? Thanks try this article.... I think the answer is there..... https://www.imoney.my/articles/lifestyle-ta...he-bad-the-uglyLifestyle Tax Relief: The Good, The Bad & The Ugly "If you are planning to purchase a computer, it will be best to make the purchase before the end of the year to still make use of the separated relief of up to RM3,000."
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rapple
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Nov 17 2016, 09:28 AM
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QUOTE(philipkyw @ Nov 17 2016, 07:18 AM) HI, May I know if this year I brought a new PC (ie:2800), during tax submission on next year, it should be still following previous guideline where we having tax relief of 3k for computers, or it changed to the new policy of 2.5 on sports+computer ? Thanks YA 2016 - tax relief up to 3k every 3 year once YA 2017 - read the post above.
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philipkyw
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Nov 17 2016, 08:10 PM
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New Member
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QUOTE(T231H @ Nov 17 2016, 07:47 AM) try this article.... I think the answer is there..... https://www.imoney.my/articles/lifestyle-ta...he-bad-the-uglyLifestyle Tax Relief: The Good, The Bad & The Ugly "If you are planning to purchase a computer, it will be best to make the purchase before the end of the year to still make use of the separated relief of up to RM3,000." QUOTE(rapple @ Nov 17 2016, 09:28 AM) YA 2016 - tax relief up to 3k every 3 year once YA 2017 - read the post above. Thanks a lot!
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ivzh
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Nov 17 2016, 09:13 PM
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hi guys, if i bring my kid to see pediatrician (for vaccination and routine check .. weight, height), can claim the rm500 (medical examination)?
This post has been edited by ivzh: Nov 17 2016, 09:17 PM
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rapple
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Nov 17 2016, 09:51 PM
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QUOTE(ivzh @ Nov 17 2016, 09:13 PM) hi guys, if i bring my kid to see pediatrician (for vaccination and routine check .. weight, height), can claim the rm500 (medical examination)? No. I wish we can.
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fullframe17
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Nov 21 2016, 07:33 AM
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New Member
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QUOTE(rapple @ Nov 17 2016, 09:51 PM) how would they definite medical examination? like sick/ fever go check that type?
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T231H
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Nov 21 2016, 08:48 AM
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QUOTE(fullframe17 @ Nov 21 2016, 07:33 AM) how would they definite medical examination? like sick/ fever go check that type? see F7, Page 12 hope the answer is there.... http://lampiran.hasil.gov.my/pdf/pdfam/Not...an_BE2013_1.pdf
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rapple
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Nov 21 2016, 08:52 AM
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QUOTE(fullframe17 @ Nov 21 2016, 07:33 AM) how would they definite medical examination? like sick/ fever go check that type? It states "Complete medical examination/Pemeriksaan perubatan penuh" - source: reliefpretty sure is not normal sick/fever.. This post has been edited by rapple: Nov 21 2016, 08:53 AM
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fullframe17
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Nov 21 2016, 08:59 AM
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New Member
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thanks for the link, that is totally useful.
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red_scorpion
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Nov 24 2016, 01:16 PM
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Hi, anybody has experience in this partnership enterprise tax filling? How do partnership members declare tax? Each partner declare 50%/50% of the company profit? Can it be 100%/0%?
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rapple
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Nov 24 2016, 01:24 PM
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QUOTE(red_scorpion @ Nov 24 2016, 01:16 PM) Hi, anybody has experience in this partnership enterprise tax filling? How do partnership members declare tax? Each partner declare 50%/50% of the company profit? Can it be 100%/0%? Yes.
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red_scorpion
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Nov 26 2016, 03:31 PM
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Hi, another question from my friend.. 6 years ago he got declare tax while working.. After that, he resigned and in the last 5 years , he worked as freelance and online business but never declare tax for these 5 years.. Recently his business is good, he is thinking to open Ssm and declare tax.. Will lhdn audit him if he suddenly pay tax this year? Will lhdn questions him why never pay tax last 5 years? Anybody has such experienced? Thx
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vin_ann
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Nov 27 2016, 09:07 AM
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Want to confirm on PRS.
If I contribute RM3k before Dec, I able to get tax relief RM3k for my YA2016 tax right ?
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rapple
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Nov 27 2016, 12:27 PM
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QUOTE(vin_ann @ Nov 27 2016, 09:07 AM) Want to confirm on PRS. If I contribute RM3k before Dec, I able to get tax relief RM3k for my YA2016 tax right ? Yes.
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klthor
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Nov 29 2016, 09:46 AM
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QUOTE(red_scorpion @ Nov 26 2016, 03:31 PM) Hi, another question from my friend.. 6 years ago he got declare tax while working.. After that, he resigned and in the last 5 years , he worked as freelance and online business but never declare tax for these 5 years.. Recently his business is good, he is thinking to open Ssm and declare tax.. Will lhdn audit him if he suddenly pay tax this year? Will lhdn questions him why never pay tax last 5 years? Anybody has such experienced? Thx the answer is yes, 2010 last declared and 2016 suddenly declare. i think LHDN system will flag this guy didnt submit tax for years and would at least do a table audit. but it all depends on luck, but consider how efficient LHDN is nowadays it is highly possible to receive a call from lhdn.
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BboyDora
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Nov 29 2016, 10:13 AM
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Hi all,
If i registered as sole proprietorship in SSM, is it my income tax will be "ada punca perniagaan"? im doing freelance now.
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rapple
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Nov 29 2016, 10:21 AM
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QUOTE(BboyDora @ Nov 29 2016, 10:13 AM) Hi all, If i registered as sole proprietorship in SSM, is it my income tax will be "ada punca perniagaan"? im doing freelance now. Yes. If you already have a BE (employment income) number then write in to convert to B (business income). If you don't have tax number yet then apply here: http://edaftar.hasil.gov.my/
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klthor
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Nov 29 2016, 10:34 AM
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QUOTE(BboyDora @ Nov 29 2016, 10:13 AM) Hi all, If i registered as sole proprietorship in SSM, is it my income tax will be "ada punca perniagaan"? im doing freelance now. it is not auto, but if you are using efiling to submit your tax return. then just select 'ada punca perniagaan'. im still using my SG number until today, just that when i log in i select Form B instead of BE.
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BboyDora
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Nov 29 2016, 10:47 AM
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QUOTE(klthor @ Nov 29 2016, 10:34 AM) it is not auto, but if you are using efiling to submit your tax return. then just select 'ada punca perniagaan'. im still using my SG number until today, just that when i log in i select Form B instead of BE. I have been doing freelance for the past 2 years and i declared income tax under BE and I put "kerja sambilan" (after i confirmed with LHDN officer). The officer told me as long as you declared your income, it will be no problem for any audit issue. So, now should I change to sole proprietor or continue doing what am i doing now as "kerja sambilan thingy"? need advice. Thanks
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klthor
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Nov 29 2016, 04:13 PM
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QUOTE(BboyDora @ Nov 29 2016, 10:47 AM) I have been doing freelance for the past 2 years and i declared income tax under BE and I put "kerja sambilan" (after i confirmed with LHDN officer). The officer told me as long as you declared your income, it will be no problem for any audit issue. So, now should I change to sole proprietor or continue doing what am i doing now as "kerja sambilan thingy"? need advice. Thanks it depends on how you wanna do it. Employment income = same as EA your free lance = ???? pure money receive or minus off expenses? in fact free lance is consider business and you can claim certain expenses... however the down side of it is you have to prepare company accounts and tax computation. if your free lance is too small, its better for you to cont what you are doing, LHDN wont complain if you pay them more,.
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