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 Income Tax Issues v4, Scope: e-BE and eB only

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GrumpyNooby
post Oct 18 2020, 09:22 PM

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QUOTE(Oklahoma @ Oct 18 2020, 09:21 PM)
oh so if negative means dont need do anything right.
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Yes.
GrumpyNooby
post Oct 18 2020, 09:25 PM

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QUOTE(Oklahoma @ Oct 18 2020, 09:22 PM)
Thanks. Is there a way to check if I successfully file my income tax for this year? haha its my first time filing income tax this year.
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Check under Semakan Pengesahan

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GrumpyNooby
post Oct 18 2020, 09:42 PM

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QUOTE(Oklahoma @ Oct 18 2020, 09:38 PM)
for 2020 hasn't come out yet right, I only have 2019
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e-BE for YA2020 will be filed next year April 2021.
e-B for YA2020 will be filed next year June 2021.

What has been filed is e-BE/B for YA2019.

This post has been edited by GrumpyNooby: Oct 18 2020, 09:44 PM
GrumpyNooby
post Oct 18 2020, 10:03 PM

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QUOTE(Oklahoma @ Oct 18 2020, 09:53 PM)
I see, what happens if there is a problem with the filing? I wont have the acknowledgement of receipt for 2020 next year right?
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If there's a problem, you need to do amendment yourself via Pindaan e-BE within certain period.

Otherwise, you will be likely be served with love letter calling you for a coffee session demanding extra supporting documents and/or directly being served a letter of penalty of being fined for a sum due to wrong filing or wrongly keyed in figure. Example as in Post #6597

Remember that this is self-assessment & self-declaration; one should be honest and file responsibly for not getting into tax evasion.
If you're not sure if you're filing correctly, you should seek for professional taxation or accounting advices out there.
There're credited and certified accountants and tax advisors out there to assist you.

If you didn't receive any letter, your filing for the year should be close but you're still required to keep all the supporting documents (including receipts) for claiming tax relieves for min 7 years.

Even though the assessment for the particular year is closed but that doesn't mean that LHDN is not allowed to investigate you for any suspicious filing from yester-years.

This post has been edited by GrumpyNooby: Oct 18 2020, 10:06 PM
GrumpyNooby
post Oct 24 2020, 01:08 PM

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QUOTE(jiaen0509 @ Oct 24 2020, 01:06 PM)
For Pemilik Tunggal business. Do we need to register bussiness at LHDN?

Or next year declare Borang B will do?

Currently BE.
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If you have business income, you should file Borang B regardless it is sole proprietor or partnership.

QUOTE
S2: Apakah perbezaan di antara Borang BE dan B?
J2: Borang BE - pendapatan di bawah Sek 4(b) – 4(f) Akta Cukai Pendapatan 1967 dan diisi oleh individu pemastautin yang mempunyai punca pendapatan selain daripada perniagaan.

Borang B - pendapatan di bawah Sek 4(a) – 4(f) Akta Cukai Pendapatan 1967 dan diisi oleh individu yang mempunyai punca pendapatan perniagaan (tunggal) atau perkongsian.

S3: Bolehkah saya melaporkan pendapatan perniagaan saya jika saya menerima Borang BE?
J3: Tidak boleh. Pendapatan perniagaan perlu dilaporkan dalam Borang B.

http://lampiran1.hasil.gov.my/pdf/pdfam/FA..._27012015_1.pdf




This post has been edited by GrumpyNooby: Oct 24 2020, 01:10 PM
GrumpyNooby
post Oct 25 2020, 02:28 PM

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QUOTE(shinkawa @ Oct 25 2020, 02:23 PM)
guys, i dont understand why i kena rm4k tax which i never face before.
i completed tax filing this year April for 2019 and no need pay anything.

Now i received letter from LHDN that i have tax to pay with penalti total RM4K.
WTF almost heart attack
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Under which clause that you're being fined for?
GrumpyNooby
post Oct 25 2020, 02:35 PM

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QUOTE(shinkawa @ Oct 25 2020, 02:32 PM)
cukai 2.8k + 1.2k late payment. wtf
i didnt receive any email or sms i still have cukai to pay...
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Any income or bonus or windfall that you forgotten to declare?

Or under-declared income?

Or overly declared tax relieves?

This post has been edited by GrumpyNooby: Oct 25 2020, 02:36 PM
GrumpyNooby
post Oct 25 2020, 03:11 PM

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QUOTE(shinkawa @ Oct 25 2020, 03:06 PM)
whats 112(3) gagal mengemukakan borang nyata.. didnt get any notice on this
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This clause means that they didn't receive your BE form.
Could be due to late submission.
We got one forumer encountered similarly too when he/she submitted the e-BE on the very last day/hour.

Suggest you get in touch with the officer at the tax branch that your tax file is being assigned to.
GrumpyNooby
post Oct 27 2020, 02:50 PM

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QUOTE(shinkawa @ Oct 27 2020, 02:45 PM)
ok update on my case. it seem i accidentally left out the pendapatan berkanun field. its empty.. shit.. i thought i double check everything.
I have to pay first and then submit rayuan for the penalty fees.
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Do you get refund of "excess" of MTD you paid last year via salary deduction since Pendapatan Berkanun is 0?
I meant did LHDN actually bank in the "excess" to your designated bank account? hmm.gif

GrumpyNooby
post Nov 11 2020, 04:04 PM

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QUOTE(QSYT @ Nov 11 2020, 04:00 PM)
Just want to check for the PRS, the statement below, is that means that once invest in PRS, can submit for tax relief in subsequent year without the need to topup and can claim till year 2021. Kinda confuse. smile.gif

"This tax incentive is available for a period of 10 years, ending year 2021"
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Obviously no.
No contribution/top up, cannot claim.
GrumpyNooby
post Nov 20 2020, 05:14 PM

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QUOTE(spreeeee @ Nov 20 2020, 05:12 PM)
dont know why somebody told me have to be total of 'simpanan bersih'
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Since you got a gap of one year with 0 contribution, it should work.
GrumpyNooby
post Nov 23 2020, 09:13 AM

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QUOTE(spreeeee @ Nov 23 2020, 09:11 AM)
sharp eyes!

yes, actually i didn't declare the tax relief for year 2017 (i checked again my submission form), hence i amended my earlier post.

so, since i filed income tax relief 2570 for year 2018, means i declared lesser tax relief of 3000 (5570-2570). my next question would be, can i declare the shortfall in next coming tax relief?
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Of course, no.
GrumpyNooby
post Nov 23 2020, 09:47 AM

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QUOTE(real55555 @ Nov 23 2020, 09:45 AM)
Wondering if desktop pc qualify under penjana work from home tax relief?
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For PENJANA, it needs to be either these 3 categories: mobile phone, notebook and tablet
GrumpyNooby
post Nov 23 2020, 10:08 AM

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QUOTE(spreeeee @ Nov 23 2020, 10:01 AM)
is the 2500 tax relief is a separate tax relief since existing already has lifestyle relief of 2,500?
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Yes.
GrumpyNooby
post Nov 23 2020, 08:12 PM

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IRB CEO: Govt should consider introducing capital gains tax

KUALA LUMPUR (Nov 23): Malaysia should consider implementing the capital gains tax, instead of the inheritance tax, said the head of the Inland Revenue Board (IRB).

IRB chief executive officer (CEO) Datuk Seri Sabin Samitah said that while decisions to introduce new taxes lie with the government, it should look at implementing the capital gains tax as the inheritance tax may not have much impact on government revenue given its narrower structure.

https://www.theedgemarkets.com/article/irb-...pital-gains-tax
GrumpyNooby
post Nov 26 2020, 10:37 AM

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QUOTE(iamoracle @ Nov 26 2020, 10:37 AM)
I am interested in buying a Lenovo laptop. Unfortunately, the model ETA shipping is 8 weeks.

If I place my order now, can I claim income tax relief for computer purchase for Y2020 if my order shipped to me in Y2021?

FYI - Lenovo will officially charge buyer only if the order has been shipped.

Any experience? Thanks in advance.
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What matters is the date on the tax invoice ...
GrumpyNooby
post Nov 26 2020, 12:07 PM

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QUOTE(iamoracle @ Nov 26 2020, 11:09 AM)
For the benefit of others, this is the response that I just received from Lenovo.

Hello,

Lenovo cannot charge until the order is shipped.

However, before shipment Lenovo can provide you a pro-forma invoice . Tax invoice will get generated only after shipment.

If you would like a pro-forma invoice, kindly provide your order number.

A pro-forma invoice is Ok for tax relief claim, right?
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Tax invoice should be the official document.
Try to clarify with a tax consultant or LHDN personnel.
GrumpyNooby
post Nov 26 2020, 02:16 PM

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IRB to stop receiving payments via posted cheques from Jan 1

KUALA LUMPUR (Nov 26): The Inland Revenue Board will stop receiving payments made via posted cheques from Jan 1 next year.

In a statement today, IRB said from that date, tax payments can be made via its official website www.hasil.gov.my, banking portals, counters at IRB payment centres, counters of appointed banks, cheque or cash deposit machines or ATMs.

“However, this stoppage does not apply for Property Gains Tax, Public Entertainers Income Tax (Seniman Kembara), Witholding Tax and compounds,” the statement said.

https://www.theedgemarkets.com/article/irb-...d-cheques-jan-1
GrumpyNooby
post Nov 27 2020, 06:30 AM

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MyTax : Gerbang Informasi Percukaian

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For English version, please click this link: http://www.hasil.gov.my/img/MyTax_V_BI.jpg
GrumpyNooby
post Nov 28 2020, 08:38 PM

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QUOTE(Leroi2x @ Nov 28 2020, 08:33 PM)
hi all , would like to ask

if i currently dont have a life insurance
and i plan to buy a life insurance now ,before end of year
lets say the annual premium is 3k , and i decide to pay annually but not monthly
would i have tax relief of 3k ,since i already pay premium for 3k

or 3k/12 month = 250 for tax relief  , as the insurance only run 1 month
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You have to refer to annual statement to know how many amount is eligible for tax relief.

I don't think 100% of premium paid will be allotted into life insurance coverage.

user posted image

Frequency of payment won't impact eligible amount of tax relief as long as the premium paid is for 2020.



This post has been edited by GrumpyNooby: Nov 28 2020, 08:48 PM

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