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Income Tax Issues v4, Scope: e-BE and eB only
MUM
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Jul 12 2019, 02:19 PM
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QUOTE(Lohtcing @ Jul 12 2019, 10:58 AM) hi During e-filing, there is an option "Penyimpanan Rekod / Record-Keeping" in first page. Can i know should i choose Yes or No? What's the meaning? Thanks i think there is a penalty of not having kept required records/information for a certain period.... http://lampiran1.hasil.gov.my/pdf/pdfam/KU4_2000_Pin.pdfhttp://lampiran1.hasil.gov.my/pdf/pdfam/KU_3_2015.pdf
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Reventon
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Jul 12 2019, 11:14 PM
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Hi , to my understanding for non resident tax are at 28% on income. Is there any relief that can be deducted ? Google around seems only mention 28% and not much other information about this so hope some tax expert can chip in.
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MUM
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Jul 12 2019, 11:48 PM
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QUOTE(Reventon @ Jul 12 2019, 11:14 PM) Hi , to my understanding for non resident tax are at 28% on income. Is there any relief that can be deducted ? Google around seems only mention 28% and not much other information about this so hope some tax expert can chip in. while waiting for tax expert to chip in...I googled and found this... http://lampiran1.hasil.gov.my/pdf/pdfam/RISALAH_R6_BI_15.pdf Attached thumbnail(s)
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Reventon
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Jul 13 2019, 12:57 AM
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QUOTE(MUM @ Jul 12 2019, 11:48 PM) while waiting for tax expert to chip in...I googled and found this... http://lampiran1.hasil.gov.my/pdf/pdfam/RISALAH_R6_BI_15.pdfYeah , i got read that earlier. So mean insurance , personal or whatever is not deductible, income nett x 28% = tax So conclusion is those who work or reside at overseas and have any sort of business or rental income is directly taxed at 28% . This post has been edited by Reventon: Jul 13 2019, 12:59 AM
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MUM
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Jul 13 2019, 03:49 AM
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QUOTE(Reventon @ Jul 13 2019, 12:57 AM) Yeah , i got read that earlier. So mean insurance , personal or whatever is not deductible, income nett x 28% = tax So conclusion is those who work or reside at overseas and have any sort of business or rental income is directly taxed at 28% . for the Rate, I guess it depends.... https://www.pwc.com/my/en/assets/publicatio...tax-booklet.pdf Attached thumbnail(s)
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SinaranX
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Jul 13 2019, 10:58 AM
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Getting Started
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Hi all, have a question regarding CP500. I already paid last year for 2018. However I don't see this paid amount anywhere in my e-filling for B. Could anyone explain how this works?
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MUM
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Jul 13 2019, 11:03 AM
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QUOTE(SinaranX @ Jul 13 2019, 10:58 AM) Hi all, have a question regarding CP500. I already paid last year for 2018. However I don't see this paid amount anywhere in my e-filling for B. Could anyone explain how this works?
The & Partners are sharing to you how CP500 works & its related penalties. http://tehpartners.com/2018/03/cp500-tax-instalment-scheme/Apa itu CP500? Ilmu Percukaian Yang Wajib Diketahui oleh Peniaga-Peniaga. https://adibyazid.com/2017/04/05/apa-itu-cp...eniaga-peniaga/
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mamamia
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Jul 13 2019, 11:03 AM
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QUOTE(SinaranX @ Jul 13 2019, 10:58 AM) Hi all, have a question regarding CP500. I already paid last year for 2018. However I don't see this paid amount anywhere in my e-filling for B. Could anyone explain how this works? It is under PCB part.. else, u need to add in urself
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Jackwei94
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Jul 13 2019, 09:02 PM
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Getting Started
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sorry guys... thread too long.. which form i need to fill up if i'm a employee and also a sole-proprietor?
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mamamia
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Jul 13 2019, 09:23 PM
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QUOTE(Jackwei94 @ Jul 13 2019, 09:02 PM) sorry guys... thread too long.. which form i need to fill up if i'm a employee and also a sole-proprietor? Form B
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Jackwei94
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Jul 13 2019, 10:15 PM
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Getting Started
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QUOTE(mamamia @ Jul 13 2019, 09:23 PM) so I should fill up form B even lower income than my job? If i filled up form B, do i still need to fill up form E? New to tax..
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MUM
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Jul 13 2019, 10:52 PM
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QUOTE(Jackwei94 @ Jul 13 2019, 10:15 PM) so I should fill up form B even lower income than my job? If i filled up form B, do i still need to fill up form E?
New to tax.. while waiting for experts responses... try read this 6 yrs old thread... https://forum.lowyat.net/topic/2915824/all
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safe118
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Jul 13 2019, 11:00 PM
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Getting Started
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Hi experts, was given an understanding that for child who is over 18 yrs old & pursuing studies, relief of 8k will be given to the tax payer. Question is what if the child is receiving regular monthly salary income from the family business & is one of the partner of a partnership. Can the father (taxpayer) still entitled for that 8k relief?
Thanks in advance
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Jackwei94
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Jul 13 2019, 11:00 PM
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Getting Started
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QUOTE(MUM @ Jul 13 2019, 10:52 PM) while waiting for experts responses... try read this 6 yrs old thread... https://forum.lowyat.net/topic/2915824/allAll right Tax thingy quite confusing...
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MUM
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Jul 13 2019, 11:28 PM
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QUOTE(safe118 @ Jul 13 2019, 11:00 PM) Hi experts, was given an understanding that for child who is over 18 yrs old & pursuing studies, relief of 8k will be given to the tax payer. Question is what if the child is receiving regular monthly salary income from the family business & is one of the partner of a partnership. Can the father (taxpayer) still entitled for that 8k relief? Thanks in advance The child receives monthly salary....does that means he is working? if YES,....then my wild guess is cannot...for the words....."who is receiving full-time instruction in Malaysia at a university, college, or other similar educational establishment or is serving under articles or indentures with a view to qualifying in a trade or profession. http://www.ctim.org.my/PDF/new/DirectTax/C...dendum%202).pdfhttps://www.pwc.com/my/en/assets/publicatio...tax-booklet.pdfcaveat emptor...
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kayemee
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Jul 16 2019, 10:19 PM
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New Member
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Guys, how to know how much penalty already incurred for income tax payment from 2018 assessment? Nothing shows in e-Hasil accounts.
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klthor
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Jul 18 2019, 02:22 PM
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QUOTE(safe118 @ Jul 13 2019, 11:00 PM) Hi experts, was given an understanding that for child who is over 18 yrs old & pursuing studies, relief of 8k will be given to the tax payer. Question is what if the child is receiving regular monthly salary income from the family business & is one of the partner of a partnership. Can the father (taxpayer) still entitled for that 8k relief? Thanks in advance pick one. add back his salary in your business tax do not claim the tax relief
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klthor
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Jul 18 2019, 02:25 PM
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QUOTE(Reventon @ Jul 13 2019, 12:57 AM) Yeah , i got read that earlier. So mean insurance , personal or whatever is not deductible, income nett x 28% = tax So conclusion is those who work or reside at overseas and have any sort of business or rental income is directly taxed at 28% . you understand part of it only, do you know how to determine a tax resident and non tax resident?
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Reventon
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Jul 19 2019, 02:27 AM
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QUOTE(klthor @ Jul 18 2019, 02:25 PM) you understand part of it only, do you know how to determine a tax resident and non tax resident? To my understanding if less than 182 days residing in malaysia i am automatically fall into non tax resident right?
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klthor
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Jul 19 2019, 09:49 AM
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QUOTE(Reventon @ Jul 19 2019, 02:27 AM) To my understanding if less than 182 days residing in malaysia i am automatically fall into non tax resident right? that is only 1 type, there are few more ways to qualify as tax residence of malaysia. http://www.hasil.gov.my/bt_goindex.php?bt_...nit=1&bt_sequ=1public ruling 11/2017 residences status.
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