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

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SUSDavid83
post Mar 24 2017, 10:20 AM

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QUOTE(syirbiznatch @ Mar 24 2017, 10:17 AM)
I'm now working with new company and my e-hasil still display the old company name. I thought my new HR will change the detail for me?
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e-BE 2016 should show your old company details.
Not sure when you switched over to your new company. In mid/end of 2016? Or beginning of 2017?
SUSDavid83
post Mar 24 2017, 10:34 AM

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QUOTE(syirbiznatch @ Mar 24 2017, 10:25 AM)
I resign on Jan 2016. Then I declare e-BE 2015 under previous company.

Now I cannot declare e-BE 2016 since it's no longer my company. Or should I notify my HR or the responsibility is on me?
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Just update your no majikan in e-BE2016 to reflect the latest company.
SUSDavid83
post Mar 24 2017, 08:37 PM

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QUOTE(brianw87 @ Mar 24 2017, 06:19 PM)
Can we declare forex income?
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Can or should?
SUSDavid83
post Mar 26 2017, 11:59 AM

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QUOTE(XiaoGuiZuo @ Mar 26 2017, 11:21 AM)
Sorry to ask, if I only purchase CPU only is it eligible?
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Cannot I guess from the definition. It needs to be fully functional PC.
SUSDavid83
post Mar 26 2017, 04:16 PM

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QUOTE(wenqing @ Mar 26 2017, 04:03 PM)
Hi all.my question is if I have a house which come with a monthly installment of 2k(1.5k is interest) every month and rent out to someone let say 2.1k.so how much income should I file?thanks.
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Do a simple P&L. You will file the nett

This post has been edited by David83: Mar 26 2017, 04:16 PM
SUSDavid83
post Mar 26 2017, 06:54 PM

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QUOTE(MNet @ Mar 26 2017, 06:29 PM)
if i buy pc at 2014.
which mean i can claim another 3k at 2017?
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That computer relief is ended for YA2016.
It's replaced with lifestyle tax relief starting this year for YA2017.
No time period imposed as previously.
The scope is widened to smartphone and tablet too.

This post has been edited by David83: Mar 26 2017, 06:58 PM
SUSDavid83
post Mar 26 2017, 08:09 PM

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QUOTE(cybpsych @ Mar 26 2017, 07:54 PM)
is there a limit to quantity of smartphone/tablet/computer purchased?

or the limit is the max relief amount?
since I bought via Lazada, how do we keep purchase receipt? print screen from Lazada.com.my is allowed?
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RM 2.5k per year for lifestyle tax relief expands eligibility for books, broadband subscription fee, gym membership fee and etc.
Do google for the eligible coverage under this new lifestyle tax relief.

Everything needs receipt or tax invoice no matter how. They must be minimum got the name of the taxpayer.
I tried to find where to get the tax invoice but failed to do so. If you know how, do share with me.
For 11street, it's pretty straight forward.

This post has been edited by David83: Mar 26 2017, 08:16 PM
SUSDavid83
post Mar 29 2017, 09:19 PM

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Part time Uber and/or Grabcar drivers, do take note:

QUOTE
He said if the earnings from providing the service, coupled with their fixed income exceeded the minimum threshold of RM30,000 a year, they would be subjected to taxation.

"The income (from Uber and GrabCar) must be declared as additional income in Form B," he told a press conference during IRB's Hi-tea with the media here today.
URL: http://www.thestar.com.my/business/busines...eclare-earnings
SUSDavid83
post Mar 30 2017, 09:10 AM

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QUOTE(slack3r @ Mar 30 2017, 09:02 AM)
This one confirmed? Because the 2 EA from have 2 different Company Tax Numbers that is my concern it might not show up correctly in their system.
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You just update to the latest No Majikan.
SUSDavid83
post Mar 30 2017, 09:44 AM

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QUOTE(nargcore @ Mar 30 2017, 09:36 AM)
+1

They should just put max RM237 to avoid confusion.
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They want you to make mistake by keying the max. whistling.gif
SUSDavid83
post Mar 30 2017, 09:49 AM

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QUOTE(ronnie @ Mar 30 2017, 09:47 AM)
Does buying Smartwatch i.e. Apple Watch entitled to Tax Relief under Lifestyle ?
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I think it should be eligible for claim as it includes smartphones and tablets now.
SUSDavid83
post Mar 30 2017, 04:16 PM

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QUOTE(galaxynote259 @ Mar 30 2017, 04:06 PM)
Hi guys,  I have not filed income tax before, if I wanna learn all general info about it, is there a website that you guys refer to?
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The most basic guide that you can get is Nota Penerangan BE.
Details on Post #1
SUSDavid83
post Mar 31 2017, 10:53 AM

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QUOTE(ChiaW3n @ Mar 31 2017, 10:49 AM)
This year they started this lifestyle relief, is the personal computer column will be replaced or it will still there?
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Replaced by this
SUSDavid83
post Mar 31 2017, 11:02 AM

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QUOTE(ChiaW3n @ Mar 31 2017, 11:01 AM)
So this is the last year we can claim on the personal computer right?
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Technically yes.
SUSDavid83
post Mar 31 2017, 11:20 AM

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QUOTE(ChiaW3n @ Mar 31 2017, 11:17 AM)
Sorry one more quick question here - Basically can i just claim my ACCA exam fees and annual membership subscription under personal education, because i see nowhere where can i claim deduction on this.

Maybe anyone can enlighten me on this???
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ACCA exam fee - NO

Professional membership to perform your duty in the course of employment - YES (deduct directly from perdapatan berkanun). Make sure you have receipt for it
SUSDavid83
post Mar 31 2017, 11:26 AM

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QUOTE(ChiaW3n @ Mar 31 2017, 11:22 AM)
How about if fees paid to attend ACCA courses - can it be claimable under personal education???
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I'm not sure if professional certification courses is eligible as that relief is meant for tertiary education such as full fledged degree/master/PhD in relevant field at approved higher learning institutions.

This post has been edited by David83: Mar 31 2017, 11:26 AM
SUSDavid83
post Mar 31 2017, 02:12 PM

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QUOTE(ChiaW3n @ Mar 31 2017, 11:31 AM)
understood, as you said just now, the professional subscription can deduct under employment income which means now the employment income with be different as what in my EA form? is it?
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Yes, and that's why you need to have receipt as proof of payment of your annual professional membership fee.


QUOTE(jackchong890 @ Mar 31 2017, 02:07 PM)
want to ask i now e-filing for my tax(2016)...and  I buy my iphone at oct 2016, is i eligible to put into tax relief part?
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Unfortunately no as the new relief commences this year 2017.
SUSDavid83
post Apr 1 2017, 07:28 AM

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QUOTE(WaCKy-Angel @ Apr 1 2017, 12:33 AM)
that means for next year filing, which means purchased made in 2017 right?
Internet too? I thought 2017 filing can deduct that d? hmmmm
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Yes. YA2017. Purchase made this year. Filing for next year.
Do plan wise.
SUSDavid83
post Apr 2 2017, 07:07 PM

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QUOTE(bizaxx @ Apr 2 2017, 11:39 AM)
Hi, what does this mean? Do I deduct this section F amount from my total penggajian? It would result in paying lesser tax if I deduct it.

Section F reads Jumlah Elaun/Perkuisit/Pemberian/Manfaat Yang Dikecualikan Cukai

Thanks in advance!
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QUOTE(512456 @ Apr 2 2017, 04:40 PM)
Hi everyone, section G in EA form which is the 'Total Tax Exempt Allowances/Perquisites/Gifts/Benefits' should be deducted under 'Approved Donations, Gifts and Contributions' right?

I forgot to deduct and sent the form. Anyone has experience rectifying the numbers after sending the e-borang?
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Benefits-in-kind is tax exempted.
Your employer is required to report this number.
No action is required for tax payer.

Don't confuse with donation/gifts/contributions.
These are money you forked out to certain approved & recognized social responsibility institutions; UNICEF, MAKNA and etc.
You need to receipt accompanied in order to deduct from your gross income (Perdapatan Berkanun).
SUSDavid83
post Apr 2 2017, 07:38 PM

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QUOTE(512456 @ Apr 2 2017, 07:35 PM)
Haha, the savings are quite significant, if not I wouldn't pursue as the effort and time spent might not be worth it lol  biggrin.gif

Thanks, means the section G in the EA form is not for deducting off 'Approved Donations, Gifts and Contributions' but more for my reference for the tax exemption from my allowances such as phone bills and petrol ya?
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Whoever reference it could be; you, your employer or even LHDN.

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