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

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mamamia
post Jul 1 2018, 01:39 PM

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May i know for individual who has 2 biz registration. biz A with GST registered, Biz B no GST, how to report on column when it ask whether can claim input tax?

Layak menuntut Cukai Input daripada Jabatan Kastam Diraja Malaysia

So, when file in biz income, is it total of biz A & biz B net profit?
mamamia
post Jul 4 2018, 09:22 PM

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QUOTE(mamamia @ Jul 1 2018, 01:39 PM)
May i know for individual who has 2 biz registration. biz A with GST registered, Biz B no GST, how to report on column when it ask whether can claim input tax?

Layak menuntut Cukai Input daripada Jabatan Kastam Diraja Malaysia

So, when file in biz income, is it total of biz A & biz B net profit?
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Nobody know?
mamamia
post Nov 2 2018, 06:33 PM

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QUOTE(David83 @ Nov 2 2018, 06:20 PM)
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
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nowadays most ppl buy medical card instead of life insurance...

it seem like really no "candy" at all for this time budget... bye.gif
mamamia
post Dec 1 2018, 10:36 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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Yes
mamamia
post Mar 7 2019, 07:00 PM

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QUOTE(enriquelee @ Mar 7 2019, 06:33 PM)
Can we make CP 500 payment using credit card via maybank2u?
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They allow credit card payment from their website

https://byrhasil.hasil.gov.my/creditcard/
mamamia
post Mar 8 2019, 05:14 PM

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QUOTE(joshgm_119 @ Mar 8 2019, 04:10 PM)
Refund received as well, just checked.
Filing date: 28/2
Account: MBB
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QUOTE(hcfoo @ Mar 8 2019, 05:12 PM)
Refund received too.

Filling date : 28/2/2019
Bank : MBB
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I thought first date for filling is 1 March..
mamamia
post Mar 12 2019, 06:52 AM

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QUOTE(silverviolet @ Mar 11 2019, 10:57 PM)
Gym membership funded by employer taxable?
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Yes, taxable
mamamia
post 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?
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It is under PCB part.. else, u need to add in urself
mamamia
post 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?
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Form B
mamamia
post Jan 3 2020, 10:48 AM

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QUOTE(cybpsych @ Jan 3 2020, 07:40 AM)
RETURN FORM (RF) FILING PROGRAMME FOR THE YEAR 2020

http://lampiran1.hasil.gov.my/pdf/pdfam/Pr...ilBN_2020_2.pdf
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Good that the grace period still available.. at least still can do it during May public holiday..
mamamia
post Jan 7 2020, 06:21 PM

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QUOTE(cybpsych @ Jan 7 2020, 11:15 AM)
LHDN’s new Tax Investigation Framework 2020

https://themalaysianreserve.com/2020/01/07/...framework-2020/

THE Inland Revenue Board Malaysia (LHDN) has issued a new Tax Investigation Framework 2020 to replace the Tax Investigation Framework issued on May 15, 2018.

The new framework, which took effect on Jan 1, 2020, is aimed at informing taxpayers about LHDN’s tax investigation procedures.

In general, the framework outlines the rights and responsibilities of officers, taxpayers and tax agents; assists taxpayers to fulfil their obligations; and informs taxpayers of the legal provisions relating to a tax investigation.

These are the key points.

Investigation Procedures

Request for Documents and Information
An investigation can be carried out by issuing letters requesting documents and information from the taxpayer, tax agents and third parties.

The taxpayer may be required to give information and an oral explanation at LHDN offices.

LHDN officers may also visit the taxpayer’s business premises with a written notification given prior to the visit.

Inspection Visit
Investigations can also be carried out by making an inspection visit without prior notice to the taxpayer’s business premises, residences, tax agent’s premises, third parties and other premises as necessary.

Examination of Documents
The LHDN officer will inspect the taxpayer’s business documents and/or personal documents. The inspection is to gather evidence of tax evasion and request any party to produce documents in his custody or control.

Record Statement
At least two LHDN officers will be present during the recording of statements from persons related to the case being investigated. Qualified lawyers can be present during the recording of statements as well.

Finalisation of Investigation
After completion of the investigation procedures, LHDN will issue a letter to the taxpayer confirming the finalisation of the investigation.

If a settlement is agreed upon, an agreement or letter of undertaking will be signed.

The investigation is considered finalised after the case is approved by the DG of LHDN and an assessment is raised. Taxpayers who have been investigated will be monitored by LHDN.

If the taxpayer does not agree with the investigation findings, the DG may, according to the best of his judgement raise an assessment with a penalty.

Cases which are to be prosecuted will be forwarded to the legal department. Failure of a taxpayer to attend court proceedings after summons are served, may result in a warrant of arrest being issued.
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So their target is to biz income taxpayer
mamamia
post Jun 30 2020, 08:42 PM

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QUOTE(guy3288 @ Jun 30 2020, 08:37 PM)
want to ask,
after submit tax e filing and balance tax to pay XX
Any idea we must pay that XX within how many days?
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Based on submission due date.. for BE form, today is the last day for submission + payment
mamamia
post Aug 12 2020, 06:32 PM

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QUOTE(jiaen0509 @ Aug 12 2020, 06:29 PM)
No declare tax actually is satu kesalahan. So like others here have mentioned. Even no income, you are responsible to put 0 every year.

But if 2x value of property. Maybe need to check with LHDN how thet calculate the penalty. If you tell them you earn the money before 2005. They will check you before 2005.

Just need to ask yourself whether you suppose to be taxed but you did not declare/pay the tax?

Or maybe they send you letters ask to be audited. But didn’t successfully deliver to your mailbox? Maybe you moved home already the letter sent to old address?
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In this case, for bizman who close shop / retiree, what is the procedure to inform LHDN?
mamamia
post Mar 9 2021, 04:58 PM

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QUOTE(kenloh7 @ Mar 9 2021, 08:37 AM)
Can a taxpayer claim the life insurance if the policy owner is under his father's name but life assured is under the taxpayer name?

"Deduction is allowed for payment of premiums on life insurance policy contracted on the life of the
individual, husband or wife / wives. Deduction is not allowed on premiums paid for life insurance policy
contracted on the life of the child."

Based on this, it seems ok to claim? Or both also can't claim?
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My wild guess:
Both r not entitle to claim
1. Father is policy owner > but is life insurance on son > father not allow to claim..
2. Son is not policy holder > son not allow to claim..
mamamia
post Apr 12 2021, 08:53 AM

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QUOTE(KingArthurVI @ Apr 11 2021, 11:29 PM)
Hi guys I'm a sole proprietor (freelance software consultant) and first time paying tax instead of taking refund bye.gif

I see on ByrHasil there are 2 options:

084: Tax Monthly Instalment Payment/ Balance of Tax - Individual
095: Income Tax Payment (excluding instalment scheme)

Which one should I use if I owe tax and I intend to settle that owed amount?
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084
mamamia
post Apr 29 2021, 03:40 PM

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QUOTE(jianwei90 @ Apr 29 2021, 12:02 AM)
Is there any card that give cashback for government transaction right now? Thanks.
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OCBC titanium or OCBC WMC
mamamia
post Jun 30 2021, 01:45 PM

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QUOTE(jimbet1337 @ Jun 30 2021, 12:08 PM)
If I submit the form B on 1 Aug, can I pay the tax payable by 31 Aug?
mamamia
post Feb 16 2022, 12:25 PM

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QUOTE(cybpsych @ Feb 14 2022, 08:22 PM)
no receipt to support your claim, then recommended NOT to claim. you dont want to spend time "teh tarik" with lhdn officer if being audited.

i also didnt keep self test kit receipts, didnt know can claim.

since the kits are low-value, kinda negligible for relief
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i normally purchase online via Lazada.. can i just shown screenshot of the online purchase as proof?
mamamia
post Feb 16 2022, 12:28 PM

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QUOTE(cybpsych @ Feb 16 2022, 12:27 PM)
got email receipt after delivery? no idea about Lazada biggrin.gif

I saved mine for shopee purchases.
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Shopee will email receipt?

I've email from Lazada for order confirmation, but, no official receipt.
mamamia
post May 15 2022, 06:40 PM

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QUOTE(cfc @ May 15 2022, 06:33 PM)
Anyone encounter the PCB amount captured in LHDN system different/lower than what show inside EA form?
I plan to use the lower amount from system as I never encountered a mismatch from lhdn before ..
Is it possible to claw back the different if I confirm it's really system capturing issue later once I confirm with company account team?
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U can check the ledger, sometime maybe is late in recording.. I experience it last year n I manually changed it according to EA form.

Ur co can provide u receipt as well.

This post has been edited by mamamia: May 15 2022, 06:40 PM

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