Hey tax sifus, if for example I have a sole proprietor and have a freelance business where I use one of the room in my home as a workplace, what percentage of the utilities and rent of the house can I claim?

Cannot be 100% right? 

Any way to reduce business tax legally while not wasting money purchasing unwanted stuffs beside hiring freelances? My tax is so high (19%) since I'm so stupid for not keeping any receipt.

Hi.i need an advise on my current tax situation.i have been working in dubai since 2013 and didn't fill any income with lhdn since then..will i have any trouble repatriate my savings in uae back to Malaysia. Thank you.

Thank you for your reply. Currently i am just a freelance servicing other company. I don't have employment contract and my visa is an investor visa on my own company. But i can apply for the tax residency certificate but it's only for current year and i kept my account records and receipts nicely. Will the tax residency certificate help me? Do i need to approach the LHDN and submit all the documents when i come back?

Hi,

I want to ask the following scenario:

A receive extra income around RM2000-6000 every month by renting google and facebook account,There is no document to prove this and just can show bank transaction only. Do A need to declare in BE form for this extra income?

If I bought smartphone by using a voucher, which one is valid to claim for lifestyle tax? the original price OR the discounted price?

If I bought smartphone by using a voucher, which one is valid to claim for lifestyle tax? the original price OR the discounted price?

i have the invoice. Which price is valid to claim ?

There is no straight answer.

Generally investment gain is treated as capital gain, typically people buy and hold then sell stock in the market.
Capital gain is non-taxable in Malaysia, except for property that RPGT rule applied.

But if a person or company is trading professionally, daily, aka trading in stock market become a main source of income generator, then it may be treated as trading gain, instead of capital gain.
Making a living through trading is a taxable income, aka it becomes a trading entity.

Summary
Trading - taxable
Capital gain - non taxable.

i have a question. up to October 2017 i was self employed (sole proprietor). but starting from October 2017 i became an employee and cease my business activities. should i file form B or BE?

Dear all,
I'll be filling e-B form. My online business was registered in mid 2017.

If I want to declare my profit earned before I registered the business with SSM in the first half of year 2017, do I fill it in the circled section and put 2017 as the year? And what should I put in "Type of Income" section? Thank you.

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Dear all,
I'll be filling e-B form. My online business was registered in mid 2017.

If I want to declare my profit earned before I registered the business with SSM in the first half of year 2017, do I fill it in the circled section and put 2017 as the year? And what should I put in "Type of Income" section? Thank you.

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Hi, my account is still being prepared by my accountant, but it only starts from the date we registered the business in SSM in mid of 2017, so it only will show the profit after registration with SSM (let's call it profit A). Is this the proper way, or should the accounting also include transactions from January 2017 to mid of 2017?

Prior to that, we just did our internal simple accounting to determine the profit of the business before we registered with SSM, Profit B ( (profit B = revenue - costs).
What I mean by side income to declare is Profit B.

Thank you very much for the clarification.

Sorry to trouble you again, but could you explain briefly what you meant by doing tax computation? For Profit B, I don't have the P&L as it is simply revenue- costs. I was thinking just to input the figure of Profit B into some section, for which I am not sure how.

I will be filing tax return for the first time, you see.

Got a question for you guys, for the ordinary child relief of RM2,000 can both parents claim it or either parent?

14 Ordinary Child relief 2,000

MR A is 35 years old and have no plans to buy house or car at all and decided not to pay tax. Currently, he is renting a room and use public transport to get around and occasionally uses grab/MRT, and he is okay doing it forever.

He has no univ degree and has worked since after graduate SPM(2002) with poor grades. He work for a company and earn less than RM800 for 5 years until he got fired (2002-2007). From 2008-2016, during that period, he volunteer for a non-profit organization and received a small reimbursement of RM300/month with housing and food provided. So, far... His EPF account is about less that RM20,000 only.

Since 2016-present, he work for himself and has been keeping everything that he saved up in his room. Until this year July 2018, he starting to move his money into the bank... so, there is a record of over RM5,000/month which he deposited to his Maybank savings account which he received from work like cleaning, tutoring, moving labor, plumbing job, gardening etc. (Mostly by cash, sometimes... online wire transfer)

He don't waste money eating out, no smoking, no drinking. He live a frugal life, live in small room (RM250/month) and managed to save up to RM200,000 for the past 17 years. He is happy with his single life now, but often wonder if he will get into trouble with the tax authorities somewhere in the future...

Will LHDN come after him? Or they will come after him only when he decide to buy own a house or car?

Any answers for this#? I am curious too..hmmm

Can I ask, for Property Agents, since they are taxed under form B, are they entitled for capital allowances under the statutory income calculation, for example cars and computers?

This is what I use, whatever is in the EA.

When you actually get the physical "money" is not so important

For sure I wont declare.

I alrdy giving the govt a Toyota yearly... I dont think I'm getting back equal benefits from them

Meaning I am not a Malaysian tax resident for year 2019 right?  So whatever that has been deducted for PCB from my salary in the first 3 months of 2019 will be refunded back to me when doing e-filling next year