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

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helob
post Mar 7 2016, 01:54 PM

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QUOTE(T231H @ Mar 6 2016, 07:21 PM)
I think it got to do with the "single tier tax system"
read out that topic for details....I found some on google....(more in google)

Shareholders dividend under the single tier tax system (STS)
http://voyager8.blogspot.my/2010/02/shareh...ingle-tier.html

http://bursastory.blogspot.my/2011/12/sing...or-bad-for.html

http://www.micpa.com.my/micpastudent/docum...e1-10112008.pdf
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Thanks for your advise.
My point is that e-filling for year 2014 has provision for tax deducted for dividends under HK3.
However there is no HK3 provision for 2015 e-filling.
I have written to them for clarification.
Will share with all when I get a reply.
GuyM
post Mar 7 2016, 02:36 PM

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Hi Guys

Just to share, LHDN now accepts Maybank issued Visa Corporate card for Ezypay 6 or 12 mths installment for companies paying the remaining tax difference/balance.

However there's a fee that's charge back to the cardholder 1.25% for 6 mths Ezypay and 2.05% for 12 mths respective.

Though there's a charge, its still a lot cheaper financing if compare even to some BA rates especially OD.

Good for those who got tight cash flow especially during this time.

This post has been edited by GuyM: Mar 7 2016, 08:19 PM
fkinmeng
post Mar 8 2016, 03:53 PM

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QUOTE(fkinmeng @ Mar 7 2016, 12:13 PM)
need help in explaining this:

ANY DISPOSAL OF SHARES IN A REAL PROPERTY COMPANY AND / OR REAL PROPERTY UNDER REAL PROPERTY GAINS TAX ACT 1976

it meants reits?
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anyone?
raist86
post Mar 8 2016, 07:39 PM

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Hi guys, its again time to file for taxes. Just did mine and almost fainted on the amount additional that need to pay on top of monthly pcb. This is due to commissions paid by comp didnt go through pcb deductions. I've actually set up my finance to pay additional per month on pcb but i guess it's not enough.

Is there any way to request to pay off the balance in like 6 mths installment? If need to hand out one lump sum, i'm going to KO already as most of it is tied in investments.
rapple
post Mar 8 2016, 07:48 PM

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QUOTE(raist86 @ Mar 8 2016, 07:39 PM)
Hi guys, its again time to file for taxes. Just did mine and almost fainted on the amount additional that need to pay on top of monthly pcb. This is due to commissions paid by comp didnt go through pcb deductions. I've actually set up my finance to pay additional per month on pcb but i guess it's not enough.

Is there any way to request to pay off the balance in like 6 mths installment? If need to hand out one lump sum, i'm going to KO already as most of it is tied in investments.
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Maybank credit cards do offer 6/12 month installment.

Or maybe you can write to IRB and tell them your situation see they approve or not..
hcfoo
post Mar 8 2016, 08:09 PM

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Has anyone gotten their refund yet?
raist86
post Mar 8 2016, 08:14 PM

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QUOTE(rapple @ Mar 8 2016, 07:48 PM)
Maybank credit cards do offer 6/12 month installment.

Or maybe you can write to IRB and tell them your situation see they approve or not..
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From where do u see that maybank cc have 6/12 mth installment for lhdn? I only found info on full pymt via maybank2u.
rapple
post Mar 8 2016, 08:21 PM

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QUOTE(raist86 @ Mar 8 2016, 08:14 PM)
From where do u see that maybank cc have 6/12 mth installment for lhdn? I only found info on full pymt via maybank2u.
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In IRB website there is an option to use credit card payment.. Try look for it
vernon91
post Mar 8 2016, 09:10 PM

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Hi guys,

I just register income tax number thru online and just got my income tax no: SG 021234567890 (similar EXAMPLE)

I realized the number is 12 digit long. However it seems when i want to register for the pin, it only allows me to key in 11 digits. so should i removed the 0 in front become SG 21234567890?

Please advise.
rapple
post Mar 8 2016, 09:13 PM

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QUOTE(vernon91 @ Mar 8 2016, 09:10 PM)
Hi guys,

I just register income tax number thru online and just got my income tax no: SG 021234567890 (similar EXAMPLE)

I realized the number is 12 digit long. However it seems when i want to register for the pin, it only allows me to key in 11 digits. so should i removed the 0 in front become SG 21234567890?

Please advise.
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You got to get the pin from IRB office. Try call see whether they can give the pin to you through the phone.
vernon91
post Mar 8 2016, 09:21 PM

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QUOTE(rapple @ Mar 8 2016, 09:13 PM)
You got to get the pin from IRB office. Try call see whether they can give the pin to you through the phone.
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Cannot do it thru online? hmm.gif

rapple
post Mar 8 2016, 09:28 PM

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QUOTE(vernon91 @ Mar 8 2016, 09:21 PM)
Cannot do it thru online?  hmm.gif
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Nope.

The page you enter the pin. Look at the right hand side, got mention on how to get the pin.

vernon91
post Mar 8 2016, 09:42 PM

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QUOTE(rapple @ Mar 8 2016, 09:28 PM)
Nope.

The page you enter the pin. Look at the right hand side, got mention on how to get the pin.
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actually the pin registration page i mean is this one hmm.gif

Attached Image



deShinyDevil
post Mar 8 2016, 10:07 PM

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QUOTE(David83 @ Mar 7 2016, 01:34 PM)
There's a PCB table to serve as guideline.

It usually takes into consideration of EPF deduction only. It may also require info like whether you're single or marreid and also how many children you have.

But do take note that, if that particular month, you receive bonus (not allowance) that not as your usual monthly drawing salary, there's another method to recalculate the PCB deduction on that particular with taking into account the bonus.
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ok got it. but rm700 out of 10000 is bout 7%. is the PCB rate that high?
deShinyDevil
post Mar 8 2016, 10:18 PM

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QUOTE(vernon91 @ Mar 8 2016, 09:42 PM)
actually the pin registration page i mean is this one  hmm.gif

Attached Image
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good question. im stuck here as well.
same as urs, i had this no. rujukan which is 11 digits long
SUSDavid83
post Mar 8 2016, 10:20 PM

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QUOTE(deShinyDevil @ Mar 8 2016, 10:07 PM)
ok got it. but rm700 out of 10000 is bout 7%. is the PCB rate that high?
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As I said, the calculation is fixed. Google it and you may find the template to compute it.
benson92
post Mar 8 2016, 10:30 PM

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Hi guys, if wanna do e-filling thru online, after key in all the tax relief amount how do lhdn know the amount is true? Do we need to submit the receipt or statement of insurance? If yes, how do we submit them online as proof?
SUSDavid83
post Mar 8 2016, 10:33 PM

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QUOTE(benson92 @ Mar 8 2016, 10:30 PM)
Hi guys, if wanna do e-filling thru online, after key in all the tax relief amount how do lhdn know the amount is true? Do we need to submit the receipt or statement of insurance? If yes, how do we submit them online as proof?
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No need to submit the receipts and statements for 7 years.

You need to present them if and only if you're called to be audited. You may not been called this year but could be years later.
vernon91
post Mar 8 2016, 10:33 PM

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QUOTE(deShinyDevil @ Mar 8 2016, 10:18 PM)
good question. im stuck here as well.
same as urs, i had this no. rujukan which is 11 digits long
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mine is 12 digit long, they only allow up to 11 digit doh.gif

donno why got 1 extra 0 in front sweat.gif
deShinyDevil
post Mar 8 2016, 11:03 PM

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QUOTE(vernon91 @ Mar 8 2016, 10:33 PM)
mine is 12 digit long, they only allow up to 11 digit  doh.gif

donno why got 1 extra 0 in front sweat.gif
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typo, mine was 12 digits long too.

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