Income Tax Issues v4, Scope: e-BE and eB only
Income Tax Issues v4, Scope: e-BE and eB only
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Mar 31 2017, 11:50 PM
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Senior Member
1,311 posts Joined: Apr 2010 |
Just received letter from lhdn saying my repayment will delay up to 3 months
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Apr 1 2017, 12:11 AM
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All Stars
14,951 posts Joined: Mar 2015 |
QUOTE(edwardccg @ Mar 31 2017, 11:50 PM) did the letter said that by end of 3 months, contact them if you still did not get response?if yes.....then most probably it is a random audit..... may I suggest you get your documents ready and contact lhdn...instead of waiting for 3 months |
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Apr 1 2017, 12:22 AM
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Newbie
2 posts Joined: May 2016 |
Hi guys. I received a summon letter from LHDN 2 days ago saying i havent paid my tax for year 2015 and 2016. The issue is my employer pays for my tax yearly. They even provided me receipt of the bank transfers but according to LHDN, they haven't received the payment. Now they're asking for proof that the transactions were successful.
Also, for 2015 I was deemed a non-resident and charged 25% eventhough I was in the country for 340+ days and I wasn't out of the country for more than 14 consecutive days. I'm planning to make an appeal for this on Monday with my supporting docs but I doubt that something good will come out of it. I'm a foreigner by the way. Any pointers you can give before I walk in there? |
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Apr 1 2017, 12:25 AM
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All Stars
21,963 posts Joined: Dec 2004 From: KL |
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? QUOTE(David83 @ Mar 31 2017, 02:12 PM) Yes, and that's why you need to have receipt as proof of payment of your annual professional membership fee. phones is now eligible for deduction? i thought only computers?Unfortunately no as the new relief commences this year 2017. |
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Apr 1 2017, 12:28 AM
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All Stars
14,951 posts Joined: Mar 2015 |
QUOTE(WaCKy-Angel @ Apr 1 2017, 12:25 AM) under the new Lifestyle tax relief....Effective for year of assessment 2017 (tax filed in 2018), the lifestyle tax relief at a limit of RM2,500 yearly, also includes new categories such as the purchase of printed newspapers, smartphones and tablets, internet subscriptions as well as gymnasium membership fees. read this for more info.... https://www.imoney.my/articles/lifestyle-ta...he-bad-the-ugly This post has been edited by MUM: Apr 1 2017, 12:28 AM |
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Apr 1 2017, 12:33 AM
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All Stars
21,963 posts Joined: Dec 2004 From: KL |
QUOTE(MUM @ Apr 1 2017, 12:28 AM) under the new Lifestyle tax relief.... that means for next year filing, which means purchased made in 2017 right?Effective for year of assessment 2017 (tax filed in 2018), the lifestyle tax relief at a limit of RM2,500 yearly, also includes new categories such as the purchase of printed newspapers, smartphones and tablets, internet subscriptions as well as gymnasium membership fees. read this for more info.... https://www.imoney.my/articles/lifestyle-ta...he-bad-the-ugly Internet too? I thought 2017 filing can deduct that d? hmmmm |
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Apr 1 2017, 07:28 AM
Show posts by this member only | IPv6 | Post
#2047
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All Stars
52,874 posts Joined: Jan 2003 |
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Apr 1 2017, 09:56 AM
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Senior Member
858 posts Joined: Jan 2008 |
Income remitted from outside Malaysia
Income tax Malaysia starting from Year of Assessment 2004 (tax filed in 2005), income derived from outside Malaysia and received in Malaysia by a resident individual is exempted from tax.For example, if you take up a job while overseas and you only receive the payment for the job when you are back in Malaysia. Does this rule apply to those selling bitcoin at US based exchange for cash ? |
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Apr 1 2017, 01:20 PM
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Staff
25,802 posts Joined: Jan 2003 From: Penang |
QUOTE(Spectreoutreach @ Apr 1 2017, 09:56 AM) Income remitted from outside Malaysia This kind of question has been asked 12343 times already.Income tax Malaysia starting from Year of Assessment 2004 (tax filed in 2005), income derived from outside Malaysia and received in Malaysia by a resident individual is exempted from tax.For example, if you take up a job while overseas and you only receive the payment for the job when you are back in Malaysia. Does this rule apply to those selling bitcoin at US based exchange for cash ? Derived = where you are or where you performed the job to earn the income, not about where you sell to. If you are in Malaysia and a tax resident Malaysia, disregard where you sell your stuff, or wherever server/online platform based or to whom, it is considered derived in Malaysia, and subjected to Malaysia tax. |
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Apr 1 2017, 01:23 PM
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Senior Member
585 posts Joined: Nov 2007 |
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Apr 1 2017, 03:46 PM
Show posts by this member only | IPv6 | Post
#2051
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Senior Member
8,653 posts Joined: Sep 2005 From: lolyat |
QUOTE(Chipangko @ Apr 1 2017, 12:22 AM) Hi guys. I received a summon letter from LHDN 2 days ago saying i havent paid my tax for year 2015 and 2016. The issue is my employer pays for my tax yearly. They even provided me receipt of the bank transfers but according to LHDN, they haven't received the payment. Now they're asking for proof that the transactions were successful. Your employer is just merely a agent to collect PCB and hand it over to LHDN, doesn't mean the tax is file.Also, for 2015 I was deemed a non-resident and charged 25% eventhough I was in the country for 340+ days and I wasn't out of the country for more than 14 consecutive days. I'm planning to make an appeal for this on Monday with my supporting docs but I doubt that something good will come out of it. I'm a foreigner by the way. Any pointers you can give before I walk in there? Show them proof like your passport, EA form. No submission on tax filling would attract penalty, just talk nicely with the officer. |
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Apr 1 2017, 03:59 PM
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Senior Member
3,336 posts Joined: Nov 2007 From: Pluto |
QUOTE(MUM @ Apr 1 2017, 12:28 AM) under the new Lifestyle tax relief.... Im still confused on 1 part. By internet subscription, does it include my monthly telco mobile data (umobile, celcom, etc)?Effective for year of assessment 2017 (tax filed in 2018), the lifestyle tax relief at a limit of RM2,500 yearly, also includes new categories such as the purchase of printed newspapers, smartphones and tablets, internet subscriptions as well as gymnasium membership fees. read this for more info.... https://www.imoney.my/articles/lifestyle-ta...he-bad-the-ugly |
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Apr 1 2017, 04:40 PM
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Senior Member
5,143 posts Joined: Jan 2015 |
QUOTE(hirano @ Apr 1 2017, 03:59 PM) Im still confused on 1 part. By internet subscription, does it include my monthly telco mobile data (umobile, celcom, etc)? read the end of the article...? there is a 'comment' section....the answer to your question may be there.....else if you want contact the author while you wait for responses here..... |
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Apr 1 2017, 06:01 PM
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Senior Member
858 posts Joined: Jan 2008 |
QUOTE(cherroy @ Apr 1 2017, 01:20 PM) This kind of question has been asked 12343 times already. okay thank for clearing my doubt . next , how much i need to earn on yearly basis to be taxed ( from 2017 onward) and to declare my income i need to earn RM 30,000 right ?Derived = where you are or where you performed the job to earn the income, not about where you sell to. If you are in Malaysia and a tax resident Malaysia, disregard where you sell your stuff, or wherever server/online platform based or to whom, it is considered derived in Malaysia, and subjected to Malaysia tax. |
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Apr 1 2017, 11:42 PM
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Junior Member
113 posts Joined: May 2011 |
Hi all, is it necessary to put the exact bank account number of the BE form owner?
I've placed it under my parents account and realized that it may cause some issues with verifying the owner's details during remitting. This post has been edited by Mr_D: Apr 2 2017, 12:50 AM |
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Apr 2 2017, 12:26 AM
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Junior Member
141 posts Joined: Sep 2013 From: malacca |
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Apr 2 2017, 12:33 AM
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Junior Member
141 posts Joined: Sep 2013 From: malacca |
QUOTE(Spectreoutreach @ Apr 1 2017, 06:01 PM) okay thank for clearing my doubt . next , how much i need to earn on yearly basis to be taxed ( from 2017 onward) and to declare my income i need to earn RM 30,000 right ? To be exact RM30,672 and declaring your income is everybody responsibilities. If your income had reach this level(after epf deduction&after including all taxable allowance and income such as bonus), you must register to open tax file. After that, you need to update and declare your income annually, eventhough there a year/years that you didn't have to pay tax, you still need to declare for it. |
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Apr 2 2017, 12:37 AM
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Junior Member
141 posts Joined: Sep 2013 From: malacca |
QUOTE(ay_j @ Mar 30 2017, 09:55 PM) Hi, may I know what is the form BE -part E - pendapatan bukan penggajian bagi tahun kebelakangan yang belum dilaporkan? What is this? Thank you for help Its mean undeclared income...eg. You received bonus payment for year 2013 in 2016, in which you did not declare in 2013, you need to put the figure in column E(for income that is not common in nature-eg performance bonus) |
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Apr 2 2017, 12:37 AM
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Senior Member
3,336 posts Joined: Nov 2007 From: Pluto |
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Apr 2 2017, 12:42 AM
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Junior Member
141 posts Joined: Sep 2013 From: malacca |
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