That's y I worry but my tax agent said no problem with that
...

I wonder ... Do LHDN check the insurance statements of taxpayers with insurance companies?

Hi Sunny Zombie - Yea, i understand they will request from tax payer .. but my question is do they validate it with the insurance companies ?

Has anyone been successful in requesting for penalty waiver or reduction for wrong submission of tax returns - submitted value was lower than actual value ? some mix up in total due to job changes etc ..

Looks like I have no choice but to call & disturb them oredi, a few days after I paid, I checked e-ledger (actually they owe me 3X more in overpaid taxes than their 113(2) claim), I discovered they deducted what I owe them AFTER I oredi paid, so they double deducted 

For sole proprietor (e-commerce), is there any tax incurred IF I hire assistant online (just basic admin tasks) who works OUTSIDE of Malaysia?

The payment will be by the hour, paid weekly via PayPal.

I've been searching high and low for answers. Someone please enlighten me? Thanks in advance!

Just noticed there is no way to check submited submission for PT form, hmmm

Hey bros and ladybros,

Was lurking and wanted to ask some questions regarding income tax.

So, currently I am not a tax resident of Malaysia nor any country per se. I will start working from October 1st in Italy which I believe have a double taxation agreement with Malaysia, and even so would not qualify me as a tax resident in Italy. Hence I am not a tax resident in neither country.

SCENARIO 1:
However, I will be working in Italy and getting paid in Italy. Since I am not a tax resident of neither countries, can I choose which country to file my tax (ideally Malaysia but since I am not a tax resident). IF I get to choose, I assume I can use the tax exemption for foreign income, correct ?

SCENARIO 2: (I get tax resident in Malaysia)
If that does not work out, I will choose to stay for couple of weeks longer in order to qualify as a tax resident in Malaysia, that way double taxation avoidance kicks in and I will be taxed in Malaysia instead, but since it's 100% foreign income, this will mean that I am exempted from this income too, right ?

One of these could be a wrong assumption, the only difference is when I get to leave Malaysia and whether I can fit in a week or two of holiday before heading there.

Best,

Let's say if I bought a laptop from overseas with overseas purchase receipt, can I claim income tax?

Any reliable source to follow the exchange rates? Is it reliable if I follow the exchange rate from maybank? Should I follow the bank negara rates?

Thank you

Appreciate advice here:

I registered my online biz in June last year.

Prior to that (Jan 2017- May 2017), my customers paid me directly to my personal bank accounts.  I intend to declare this income. I have my own spreadsheet showing the payments and expenses (hence, profit).

Trouble is, I didn't manage to print out my account statements for Jan 2017 till May 2017 to show the customers' payments. It seems most banks only allow us to print statements of up to just the past 6 months.

How can I go about declaring this income? Will LHDN insist on having official bank statements to support my declaration?

Contractual work/payment may not under company payroll aka they are not employee of the company so PCB is not applied, instead contractor themselves need to file CP500 themselves.

Do I need to pay EPF for my business income when I'm already paying EPF for my employment? If I don't pay will banks consider my business income tak layak cos never pay EPF on it when applying loan in the future?