QUOTE(fullframe17 @ Nov 21 2016, 07:33 AM)
It states "Complete medical examination/Pemeriksaan perubatan penuh" - source:reliefpretty sure is not normal sick/fever..
This post has been edited by rapple: Nov 21 2016, 08:53 AM
Income Tax Issues v4, Scope: e-BE and eB only
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Nov 21 2016, 08:52 AM
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#61
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QUOTE(fullframe17 @ Nov 21 2016, 07:33 AM) It states "Complete medical examination/Pemeriksaan perubatan penuh" - source:reliefpretty sure is not normal sick/fever.. This post has been edited by rapple: Nov 21 2016, 08:53 AM |
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Nov 24 2016, 01:24 PM
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#62
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2,065 posts Joined: Oct 2014 From: Ipoh,Perak |
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Nov 27 2016, 12:27 PM
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#63
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Nov 29 2016, 10:21 AM
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#64
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QUOTE(BboyDora @ Nov 29 2016, 10:13 AM) Hi all, Yes. If you already have a BE (employment income) number then write in to convert to B (business income).If i registered as sole proprietorship in SSM, is it my income tax will be "ada punca perniagaan"? im doing freelance now. If you don't have tax number yet then apply here: http://edaftar.hasil.gov.my/ |
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Dec 5 2016, 10:40 PM
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#65
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Dec 6 2016, 12:11 PM
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#66
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QUOTE(ghostshell @ Dec 6 2016, 11:59 AM) all sifu, 2014, 2015 & 2016 is 3 years.. pretty sure you can't claim for 2016..want to ask if i bought a laptop on year 2014 aug, i fill the computer tax relief on 2015, so if say i bought laptop this year dec 2016, does this consider only 2 years, is count by year or month ?cant fill for tax relief on next year ? thought want use the 3k tax relief before it change =p does ms surface pro 4 consider laptop/pc or is tablet category and not entitle for tax relief ? |
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Dec 8 2016, 12:49 PM
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#67
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While you guys are still discussing on foreign income why not check out IRB website to look for an answer..
QUOTE Income Remitted from Outside Malaysia With effect from the year of assessment 2004, income derived from outside Malaysia and received in Malaysia by resident individual is exempted from tax. source: tax exemptions This post has been edited by rapple: Dec 8 2016, 12:55 PM |
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Dec 8 2016, 12:57 PM
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#68
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QUOTE(cklimm @ Nov 29 2016, 07:36 PM) Hey guys, I have been doing online surveys these few months, and paid in US dollars, by foreign registered companies, the sum is around hundreds now. Do I need to declare it in the upcoming tafsiran? QUOTE(oOoproz @ Dec 7 2016, 06:40 PM) Sry my bad, is exempted from tax submission for 2 to 3 YAs for new company Tax exemptions is also stated on Page 48 - Income Exempt From TaxSource: https://www.pwc.com/my/en/assets/publicatio...ess-booklet.pdf PAGE 19 Since i'm free i shall cut out and put it here ![]() This post has been edited by rapple: Dec 8 2016, 01:29 PM |
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Dec 8 2016, 02:45 PM
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#69
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Dec 15 2016, 12:24 PM
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#70
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QUOTE(cklimm @ Dec 15 2016, 11:32 AM) Ask him about the exempted foreign income on their website before you really decide to declare that survey income..You are not under employment for this survey stuff so the previous post they mention it's totally different.. |
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Dec 15 2016, 12:48 PM
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#71
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QUOTE(cherroy @ Dec 15 2016, 12:39 PM) You are reside here, and doing survey to make an income that remitted from foreign county, means you derived income here so local tax applied. You are right.Nothing to do with employment in this issue. It is about where you derived the income. Quite straight forward. Similar to online business that individual selling goods to overseas and make an income that received in foreign currency, which is taxable here. The previous grey area is when the person performing the job at overseas, and not fulfill the tax resident status of 182 days, which is totally different issue. But then why they put a tax exemption on foreign income sources. |
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Dec 15 2016, 03:08 PM
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#72
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QUOTE(Babylong90 @ Dec 15 2016, 02:04 PM) Tax exemption on foreign income sources mean any income (i.e. interest, dividend, or employment income DERIVE FROM OUTSIDE MALAYSIA) are exempted from tax when u bring in the money into Malaysia. In this case, as the employment income is DERIVE IN MALAYSIA, so it is consider as local income and it is taxable. I note that you have define the above as foreign income source as the money is pay in USD / the employer are from oversea which is totally wrong concept. As most of us mention before, whether an employment income is taxable or not is depend on whether their income is DERIVED FROM MALAYSIA or not, NOT the currency nor the country of your employer stay nor the money is bank in from outside Malaysia. QUOTE A. Personal Income Tax 1. Who is Liable? Any individual who has income accruing in or derived from Malaysia or received in Malaysia from outside Malaysia for a year of assessment is liable to tax in Malaysia. A resident individual is subject to tax on income accruing in or derived from Malaysia; and income received in Malaysia from outside Malaysia, while a non-resident individual is subject to tax on income accruing in or derived from Malaysia. However, with effect from the year of assessment 2004, income received in Malaysia by an individual for a year of assessment that is derived from sources outside Malaysia is exempted from tax. You mean before YA2004, income that you earn/work outside malaysia then you bring back into malaysia is actually taxable? I didn't know there is this for e-commerce http://lampiran.hasil.gov.my/pdf/pdfam/GUI...IC_COMMERCE.pdf |
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Dec 19 2016, 10:16 AM
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#73
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2,065 posts Joined: Oct 2014 From: Ipoh,Perak |
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Dec 21 2016, 07:42 AM
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#74
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QUOTE(imnotabot @ Dec 21 2016, 03:39 AM) Hi guys. Next year will be my first time filing for income tax. Wait them to generate the statement for income tax purpose. On the statement there will show how much is life, medical and etc.I notice there are 2 tax reliefs for insurance premium: RM6,000 for EPF and life insurance, and RM3,000 for education and medical insurance. I have AIA Takaful insurance, which is a mix of life insurance (A-LifeLink-i) and medical insurance (unit deducting A-PlusMed-i+). There are other plans included as well (e.g. A-Plus CriticalCare-i). From my policy book, only 2 numbers are shown: my monthly contribution for the life insurance, and my total monthly contribution for the whole thing. For others, only "Unit deducting" is shown. My question is: how do I file for the tax reliefs? Should I just treat my whole insurance as medical insurance and file it under the RM3,000 tax relief? |
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Dec 21 2016, 08:55 AM
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#75
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QUOTE(ronnie @ Dec 21 2016, 08:36 AM) Tax Relief YA 2016 1. Yes. RM1,500 for each.◦ Children supporting parents, even if not living together, will receive a tax relief of RM1,500 for both parents, if the parents are above 60. Questions: 1. Is it RM1500 for father and RM1500 for mother or combine RM1500 for father & mother ? 2. If oneof the parent passes away somewhere in 2016, can I still claim tax relief for 2016 ? 2. I'm not sure. |
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Dec 22 2016, 07:46 AM
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#76
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QUOTE(ronnie @ Dec 22 2016, 12:38 AM) Where did you get that screenshot from ? Can each sibling can claim Parent Relief individually (i.e. RM1500x2 per sibling) ? Or must be shared basis (like Child tax relief) ? that screenshot is from above - login into your account and look for maklumat perlepasan.. ![]() source: http://calcpcb.hasil.gov.my/pcb_calc_2016....&curr_year=2016 |
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Jan 9 2017, 11:39 AM
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#77
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QUOTE(Avangelice @ Jan 8 2017, 06:03 PM) I just discovered one thing. Your entire total postpaid bill is considered as "internet provider" right? So purchasing stuff through the phone bill like Spotify premium will be calculated into the bill and included in the Life style tax relief? Unfortunately LHDN website is not updated.Correct me if I am wrong. Looking to max out my lifestyle tax relief but I am finding hard to fill the gap. Membership fee per year is 600. Telco is 996 including Spotify I am left with 1k. Anyone have a guide on how to max that out? |
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Jan 11 2017, 07:33 AM
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#78
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QUOTE(heavensea @ Jan 10 2017, 09:31 PM) Hi All, I am seeking advise regarding partnership income tax. Sole Prop / Partnership follows Personal Income Tax Rate. Meaning your net profit + your salary + non-allowable expenses will be your total income for that business. For instance, I joined a sole partnership company. The tax rate per year for company income tax is 20% of it's net profit? I issue payment voucher to myself (do I still need declare my individual tax?) or company itself would be enough? Only Sdn Bhd will be tax at Company Tax Rate. |
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Jan 13 2017, 12:49 PM
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#79
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QUOTE(xDragonZ @ Jan 13 2017, 11:48 AM) Just finished reading this whole thread. I have a couple of questions, I assume your Company is a Sdn Bhd, refer below:-This year 2017 tax filing is for year 2016? Company is required to provide estimate of tax payable, I didn't know about that, what should I do now? Estimate of The Tax Payable With effect from the year of assessment 2006` the estimate of tax payable for a current year by the company should not be less than 85% of the revised estimate of tax payable for the immediate preceding year of assessment. If there is no revised estimate furnished` current year tax estimate should not be less than 85% of the estimated tax payable for the immediate preceding year of assessment. A company which has just commenced business can estimate the tax payable for the first year of assessment based on estimated company profits. The estimated tax payable for the first year will be the basis for the tax estimate for the next year of assessment. Example 1: ABC Sdn Bhd has furnished estimate for the year of assessment 2007 amounting to RM50` 000. In the 6th / 9th month` the company revises the tax estimate to RM100` 000. The revision is agreed by IRBM. Therefore for year assessment 2008` ABC Sdn Bhd has to furnish a tax estimate of at least RM85`000 (85% from the revised estimate of the year assessment 2007). Source: http://www.hasil.gov.my/bt_goindex.php?bt_...sequ=6&bt_lgv=2 |
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Jan 13 2017, 05:34 PM
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#80
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QUOTE(xDragonZ @ Jan 13 2017, 05:18 PM) @David83 @klthor @rapple thank you for your valuable inputs. Wish I could help but I've never came across LLP myself so I've no idea too..Mine is LLP, I didn't know that we actually need to submit for the "estimate of tax payable" |
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