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

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SUSDavid83
post Aug 19 2018, 08:56 PM

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QUOTE(gsem984 @ Aug 19 2018, 08:55 PM)
thanks. But I do not pay PCB.

What does the minus mean? owe me money?
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I think so.
Contact LHDN for clarification.
SUSDavid83
post Aug 23 2018, 10:52 AM

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QUOTE(-CoupeFanatic- @ Aug 23 2018, 10:32 AM)
Do I Need to Pay Income Tax?

If you are a resident of Malaysia earning :

Above RM34,000 per year (after EPF deductions) or RM2,833. 33 per month (after EPF deductions)
Above RM38,202.25 per year (before EPF deductions) or RM3,183.52 per month (before EPF deductions)

Hey guys, let's say my salary only 3k, I don't have to pay income tax. But do I still need to declare my income?
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Declaring & Paying are two separate matters.
SUSDavid83
post Aug 23 2018, 10:23 PM

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From LHDN portal:

QUOTE
Setiap individu yang boleh dikenakan cukai dikehendaki melaporkan kesemua pendapatan kepada LHDNM. Pembayar cukai bertanggungjawab untuk:

1. Mengemukakan Borang Nyata Cukai Pendapatan (BNCP)
2. Pembayar cukai individu hendaklah menghantar atau mengembalikan BNCP yang telah lengkap diisi pada atau sebelum 30 April bagi tiap-tiap tahun ke alamat berikut;

Pusat Pemprosesan Maklumat
Lembaga Hasil Dalam Negeri Malaysia
Aras Tanah, Menara Hasil
No. 3, Jalan 9/10
Seksyen 9
43650 Bandar Baru Bangi
Selangor

3. Melaporkan pendapatan dan perbelanjaan, termasuk potongan dan rebat.
4. Mengira cukai pendapatan.
5. Menyimpan rekod bagi tujuan pengauditan.
6. Membayar cukai kena dibayar.

URL: http://www.hasil.gov.my/bt_goindex.php?bt_...nit=1&bt_sequ=1


QUOTE
Adakah saya layak dikenakan cukai?

Walau bagaimanapun, mulai Tahun 2015 individu yang mempunyai pendapatan penggajian tahunan melebihi RM34,000 (selepas potongan KWSP) perlu mendaftar fail cukai pendapatan.

Sekiranya pekerja layak dikenakan potongan PCB, pekerja dinasihatkan mendaftar fail cukai pendapatan terlebih dahulu sebelum potongan PCB dibuat.

URL: http://www.hasil.gov.my/bt_goindex.php?bt_...nit=1&bt_sequ=1


There's no HARD rule stating that you MUST to declare since it's self assessment.

However, under FAQ:

QUOTE
1. Adakah saya perlu mendaftar nombor cukai pendapatan?

Ya, tuan perlu mendaftar nombor cukai pendapatan sekiranya tuan adalah seorang :
a. Individu berstatus bujang yang menerima pendapatan penggajian melebihi RM34,001 setahun (selepas potongan KWSP)
b. Individu berkahwin dan pasangan tidak bekerja yang menerima pendapatan penggajian melebihi RM46,001 setahun
c. Individu yang menjalankan perniagaan (walaupun perniagaan mengalami kerugian)
d. Pekerja baharu yang dikenakan Potongan Cukai Bulanan (PCB)
e. Individu yang mempunyai pendapatan yang boleh dikenakan cukai
f. Individu yang menjual/membeli hartanah

URL: http://www.hasil.gov.my/bt_goindex.php?bt_...=5000&bt_sequ=1


This post has been edited by David83: Aug 23 2018, 10:31 PM
SUSDavid83
post Sep 5 2018, 10:07 PM

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QUOTE(fireloh @ Sep 5 2018, 10:06 PM)
just wondering if there is any topic regarding corporate tax? or anywhere can i learn more about corporate tax?

how do companies save taxes?
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Shouldn't corporate tax need inputs from certified professionals?
SUSDavid83
post Sep 11 2018, 05:27 PM

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Anybody received email titled "SELAMAT MENYAMBUT BULAN KEBANGSAAN 2018 DARIPADA LHDNM"?

A little late for now right? Don't you think so?
SUSDavid83
post Nov 2 2018, 06:20 PM

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Tax relief for EPF contribution, life insurance or takaful premium will be separated.

* Income tax relief up to RM4,000 on EPF contribution or approved pension fund; and tax relief of up to RM3,000 on takaful or life insurance premium payments.

Read more at https://www.thestar.com.my/news/nation/2018...3jHSMz77G2YJ.99
SUSDavid83
post Nov 2 2018, 06:36 PM

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QUOTE(mamamia @ Nov 2 2018, 06:33 PM)
nowadays most ppl buy medical card instead of life insurance...

it seem like really no "candy" at all for this time budget...  bye.gif
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It'll be structured as:

EPF - RM 4k
Life insurance - RM 3k
Medical card/insurance & Education insurance - RM 3k
PRS & Deferred annuity - RM 3k

And you're right no goodies for M40.
SUSDavid83
post Nov 2 2018, 08:58 PM

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QUOTE(coolguy99 @ Nov 2 2018, 08:47 PM)
SSPN tax relief increased to 8k too?
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Yes.
SUSDavid83
post Nov 8 2018, 09:16 PM

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QUOTE(happiehappie @ Nov 8 2018, 09:14 PM)
Sorry guys. Quick question.
I just changed job since June. And today only I realize that my company didn’t help me pay PCB. What should I do now? Is it possible for me to pay now first? What are the consequences?
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You can pay next year in lump sum during filing.
SUSDavid83
post Nov 8 2018, 09:21 PM

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QUOTE(happiehappie @ Nov 8 2018, 09:20 PM)
Can I pay first? And how much should I pay? (Based on nett or gross)
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http://www.hasil.gov.my/pdf/pdfam/Jadual_PCB_2018.pdf
SUSDavid83
post Nov 8 2018, 09:24 PM

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QUOTE(happiehappie @ Nov 8 2018, 09:24 PM)
Possible to pay first?
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Of course.
Login to your e-lejar to do it.

SUSDavid83
post Nov 8 2018, 09:47 PM

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QUOTE(happiehappie @ Nov 8 2018, 09:46 PM)
There is no difference between I pay myself and company pay right
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Shouldn't be.
But you should asked your company payroll team to "fix" the problem.

This post has been edited by David83: Nov 8 2018, 09:48 PM
SUSDavid83
post Nov 8 2018, 09:56 PM

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QUOTE(happiehappie @ Nov 8 2018, 09:54 PM)
What would the problem be? Especially if there is no difference if self pay vs company pay. Sorry I just need to understand the situation more before I can raise the problem. Cause I asked them this evening they say didn't help pay PCB, hence I am having the impression that they don't think is an issue
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Your employer will be fined.
Are they sure that they're obligated to deduct PCB and remit to LHDN?

This post has been edited by David83: Nov 8 2018, 09:56 PM
SUSDavid83
post Nov 9 2018, 03:34 PM

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QUOTE(slmx @ Nov 9 2018, 03:32 PM)
I  cannot load the pdf file. Can you share the file else where ? Thank you.
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I can open.
Are you sure?
SUSDavid83
post Nov 29 2018, 08:12 PM

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QUOTE(happiehappie @ Nov 29 2018, 08:08 PM)
sorry sifu, is there any action i can take or any governental department i can report when i raised up to my employer about eis and pcb and until now they still didnt follow up for me?
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EIS is voluntary for this year.
Starting 2019, it's mandatory.
Perhaps you can see till next year.
SUSDavid83
post Nov 30 2018, 06:01 PM

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QUOTE(Tamago90 @ Nov 30 2018, 09:55 AM)
How though? Do they just give it to you or do you need to fill some form for that?
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After you file a self-assessment online, if there's a refund from IRB, they'll bank in to you.
If amount < RM 100, I think they won't refund it.

SUSDavid83
post Dec 1 2018, 08:07 AM

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QUOTE(Tamago90 @ Dec 1 2018, 07:35 AM)
Do you have to do the assessment  every year? How far back I'm allowed to submit? Can I submit for tax refund 3-4 years back? Or is it only the current year?
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Technically yoy should do it every year.
Next year April you can submit this year assessment and file your yester-years income.
SUSDavid83
post Dec 1 2018, 01:46 PM

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If you insist for refund, they'll refund amount < RM 100.
SUSDavid83
post Dec 1 2018, 10:43 PM

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QUOTE(airtawarian @ Dec 1 2018, 10:31 PM)
Boss, Can i claim tax relief lifestyle every 2 years? 2016 bought iPad 2018 buy laptop.
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Actually it's every year if you have things to be claimed under that category.
SUSDavid83
post Dec 7 2018, 11:04 AM

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QUOTE(spreeeee @ Dec 6 2018, 04:32 PM)
how much tax relief of 6k is worth?
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It depends on your tax bracket.

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