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

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christ14
post Nov 23 2017, 07:57 PM

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im a little noob in investment.

but recently i have lump in a sum to the lawyer. and currently they are still in collection phase for the project.

once quota reached they will start to build. so at what point do i need to declare the ROI? or just any sum that i will get from the said project? sorry if it has been asked
christ14
post Mar 23 2018, 09:17 PM

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erm gais not sure if correct or not

but ayam just noticed wai i need to pay 1k last year lol.. i think i forgot to put kwsp inside doh.gif

which part need to send for appeal eh?
christ14
post Apr 15 2018, 06:03 PM

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quick question.

if i realised that i didnt key in my epf or something on last year which is for 2016. i have a sum to pay. which form do i need to fill in? or make an appeal
christ14
post Apr 15 2018, 11:47 PM

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QUOTE(MUM @ Apr 15 2018, 06:46 PM)
thanks2.. still need go office with all related docs i guess doh.gif
christ14
post Nov 6 2018, 10:14 AM

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im not well versed in tax but if i may ask, is there anywhere someone can point me to for income tax related to investment?

had invested in a resort like investment, comes with lawyer fees etc, and is due to be completed soon. so any amount paid to me i declare seperately in another form and my work like normal?
christ14
post Nov 6 2018, 04:08 PM

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QUOTE(MUM @ Nov 6 2018, 10:32 AM)
hmm.gif not an expert of anything here....may I kay por abit while waiting for real sifus to come answers your query.

just query.... isn't the resort will be run by as a registered business entity thus will be deal with under company taxation process for that business entity?

if you plan to run that business under sole proprietorship than......maybe this helps...
http://lampiran1.hasil.gov.my/pdf/pdfam/FA..._11042011_1.pdf
*
yes thats true, but do we declare on our side? im not well versed in this yet but i'll give that link a read
christ14
post Nov 7 2018, 09:53 AM

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QUOTE(cherroy @ Nov 7 2018, 09:17 AM)
You need to clarify the type of "amount" paid to you.

Whether the investment return in paid as dividend, director fee, profit sharing as partnership, a form of bond interest etc.
And the resort company status, incorporate as Bhd, trust fund etc.

Different type of company and giving out different type of investment return has different implication of tax issue.

Some form of return like dividend is tax exempted as it is taxed at company level already, hence needless to be declared.
While if it is in the form of director fee, then you need to declare and adding into your annual Borang BE filing.
Individual can only file once annually, no such thing of declare separately.
*
clear and straight forward + the info from the pdf

thank you sifus notworthy.gif
christ14
post Dec 28 2018, 09:37 AM

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QUOTE(MUM @ Dec 28 2018, 08:47 AM)
hmm.gif  hmm.gif
no idea....
but I guess item description as in point# 8 can shed some light....

http://www.hasil.gov.my/bt_goindex.php?bt_...sequ=1&bt_lgv=2
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damn... now baru wan look back at what can relief...i sure didnt get anything
christ14
post Dec 28 2018, 02:59 PM

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QUOTE(vit @ Dec 28 2018, 12:34 PM)
It seems no?
*
as per that 3 listed. yeah its a no

still got time to get a smartphone?
christ14
post Feb 11 2019, 03:24 PM

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QUOTE(zeese @ Feb 10 2019, 08:57 PM)
You calculate whatever you paid in that year. Since you paid your december bill in January 2019, so, that cannot be considered as a tax relief for 2018.
In short, your tax relief is for your bill from december 2017 - november 2018 because all these bills payment are made in 2018.
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confusing at first, but after re reading and putting logic. i got the answer

thanks sifu
christ14
post Feb 26 2019, 09:35 AM

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QUOTE(soulmad @ Feb 25 2019, 10:37 PM)
Lifestyle Tax Relief Claim,
does postpaid mobile plan fall under internet subscription?
anyone have check with IRB consultant b4?
*
i believe even though i not follow the thread much but somebody answered that a few times, yes


christ14
post Feb 27 2019, 12:15 PM

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QUOTE(JohnsonLoi @ Feb 27 2019, 09:59 AM)
Question about tax filling and working oversea.

Recently starting working this January for my first full time job ever and my gross pay is Rm4.4k and there is PCB being deducted of around RM88 per month. 

I am planning to move to Japan for work long term this April onward and I wonder if I should do tax filling for the first 3 months that I worked in Malaysia? 

From what I read online,
i) as long as I am in Malaysia for less than 182 days for a calendar year, I am not a Malaysian Tax Resident, thus no tax to be paid.
ii) If annual income is less than Rm34,000 then I am not required to pay tax. If I were to work a full calendar year in Malaysia of course I am required to pay but since I only work for 3 months, which is less than RM34,000.

Does that mean I do not need to pay any tax and tax filling since I do not fulfill these 2 criterias?
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if potong already can get refund
christ14
post Mar 2 2019, 12:06 PM

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QUOTE(MUM @ Mar 1 2019, 09:15 PM)
T&C
http://malaysiataxexperience.blogspot.com/...ya-2016_12.html

some of the info from that link....
With effect from YA 2016 until 2020, relief of RM1,500 given for a father and a mother respectively. This relief can be shared with other siblings provided that the total relief claimed shall not exceed RM1,500 for each parent.

Conditions for claim:
(i) An individual who is qualified to claim this relief is a legitimate child or legally adopted child. Claim for this relief is NOT allowed in respect of step-parents.

(ii) The individual did NOT claim medical treatment, special needs and carer expenses expended for his parents under paragraph 46(1)© of ITA 1967 for the same year.

(iii) The allowable relief is RM1,500 for only one mother and RM1,500 for only one father. If more than one individual claim this relief, the amount of relief has to be equally apportioned according to the number of individuals who claim in respect of the same parent.

(iv) The mother and / or father is 60 years of age and above at any time in the year concerned, and resident in Malaysia.

(v) The annual income of each parent does NOT exceed RM24,000 for that year of assessment. 

(vi) If more than one individual claim this relief, Working Sheet HK-15 of the Form BE Guidebook has to be completed and kept for future reference / inspection by LHDNM, when required
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holy wow... i didnt know this
christ14
post Mar 3 2019, 02:10 PM

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QUOTE(Humorboy @ Mar 3 2019, 01:54 PM)
hi all i wanna ask a noob question, if every month my company got deduct epf and sosco... can i claim under life insurance and epf and contribution to socso? means key in total amount as per EA form under E?
*
i remember the first time i had to file...

didnt put in. have to pay extra lol

apparently after going to check with lhdn nothing i could do after bangwall.gif
christ14
post Mar 23 2019, 10:44 AM

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after checking back, i got mine in 1 week. submit at first

anyone know how to fill in cp22? there the part below where it says renumeration or some sort. meaning its all in allowance salary etc right? cant make the meaning of it. cuz im changing company. and i just filled in aggregate of total salary per month
christ14
post Oct 17 2019, 05:45 PM

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Quick question. No time and data much to search. So id just be posting.

When i work jan - march with company A

And then April - present for company B

Do i get ea form from company A also? I got nothing when i left after paying for notice. Or do i just key in tota from both for 2019 assessment
christ14
post Dec 21 2019, 09:54 AM

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Think i have the same problem now as post 5467

If i work Jan to March for company A. A still need to provide their side of form to me right?

And company B payment for my notice is also taxable. This is confusing
christ14
post Dec 22 2019, 09:27 AM

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QUOTE(MUM @ Dec 21 2019, 10:11 AM)
If Yr contract with A is till May... But you leave in March... Go get the ea form from A next year... I think it will only shows Yr income data till March.
The ea form from B will start from April when u joined n it includes that "joining bonus"
*
Thanks for clarification. Hope this post helps in search.

So asking it now isnt gona make any difference it seems.
christ14
post Mar 4 2020, 01:18 PM

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Well that just makes thing more intriguingly confusing

Back to reading black and white again
christ14
post Mar 9 2020, 09:31 AM

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QUOTE(Jesse0916 @ Mar 7 2020, 12:55 PM)
Just a sharing from my tax knowledge/ experience here.

Car/ Traveling allowance is NOT liable for EPF Contribution.
Screen shot below for your reference (Source: EPF website)


user posted image

For expense/ allowance related to traveling for business purpose, is subject for tax exemption. As long as you can justify the "car allowance" is for business purpose, you can get the exemption.

Screen shot below is the note from LHDN.
user posted image

Hope this is clarified your question.
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Hold up... Am i seeing it right? Overtime payment too? But all this while its in payslip and deducted together with overall salary and allowance....

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