House unifi, claim the 6% GST on the internet or not?

not sure about telco...but just weeks ago, I went to AIA insurance company to print my tax relief statement....
there was 1 statement they did not print for me.....
she said for that policy, my policy renewal date was Nov 2017, but I paid on 4 Jan 2018,....thus cannot print for tax relief statement 2017....

i only filed BILLED AMOUNT (high speed internet for unifi) for each billing month, Jan 2017 - Dec 2017.

if based on payment, it'd be inaccurate because sometimes we overpay/underpay each month.

e.g. if i purposely want to maximize the Lifestyle Relief, i purpose overpay 100-200% each month? would that be accurate representation? 
imo, to be safe and as accurate as possible (especially when being called for audit/interview), i'd rather details is document properly in the bills.

just my opinion

if billed amount and payment amount doesnt tally, which is to be referred?

example, i always overpay my unifi bill every month, i wouldnt know how the actual payment is allocated to each component, i.e. high speed internet.

for my case....
I paid my Nov 2017 insurance renewal in Jan 2018
if I happens to paid Nov 2018 renewal on time ...Dec 2018.......then in March 2019 i will beable to print my Tax relief statement for 2018 with 2 transactions (One in jan 2018 and the other Dec 2018)?
if can, then can i or should i claim both amount for income tax relief 2018?

i did not claim tax relief for 2017 bcos i did not have the statement...

So, the tax relief will be based on statement date. But when it comes to tax audit, we'll need to provide the payment receipt as a proof that the payment have been made to the statement used in the tax relief.

EPF from salary deduction is it counted into income tax relief or we need to topup further?

The reason I am asking is
1)some people on this forum said EPF contribution from paycut is counted
2) one blog mentioned not counted

Now I am confused
Also,  how to get receipt for EPF contributions as proof?

So if my annual deduction already reach RM6k, I can't add another RM6k to get tax relief?

Just a quick questions

If i got 3 kids

I already claim for 3 Kids

How about my wife ?

She can claim all 3 jugak kan ?

Guys,  I wish to pay tax myself rather than let it be deducted by potongan gaji. Any way to achieve this?

Hi guys, I just started collecting rent and that's my sole source of income in Malaysia. Currently the rental amount is RM2,600/month which makes it a total of RM31,200 pa.Do I have to register a tax file and declare my income? Going off what I'm seeing from various online sources, it seems like my net income needs to be above RM2,800 in order to register and declare my income.

with effect year 2015 an individual who earns an annual employment income of RM34,000 (after EPF deduction) has to register a tax file.

Last year I quit my full employment and continue my father business. So my chargeable income in my tax filing is zero.

However, there i an item "Total tax deduction and relief paid for 2017 amounting to RM4K appeared automatic in my tax filing data. End up seem like I will get RM4K refund from LHDN.

Should I just submit as it is? Do I need to submit tax filing at all in the first place? I know it sound noob.

Just curious. Final day of submission is 15th of may right?

Hi Guy,

Got a question on the PCB deduction, is it compulsory for a company to deduct PCB of employee on monthly basis.

Let say I work for a new company on Nov to Dec 2017, which does not provide me an EA form. It is necessary for me to file the income tax on the new company?

For full time sole proprietor with simple accounting only, we pay tax based on which figure?

Currently I'm only tracking total sales by month & total cost by month including inventory purchases. So let's say in 2017 my total revenue is RM100k while my total cost is RM90k, I pay my tax based on the RM10k (TR - TC)? Or should I minus off Cost of Goods Sold (COGS) too?
Problem with my COGS is, it's a bit variable due to market forces. For instance in Jan'17 my goods cost RM10 per item but by Feb'17, it rises to RM11 per item. I don't track down to the exact cents cause it's too tedious (especially when I'm tracking all these manually). So what I've been doing so far is merely estimate my COGS to get a rough figure of my profit [Profit = Total Sales - (Total Cost + COGS)].

I don't track my inventory either because doing stock take each month takes up a lot of time & I'd rather spend my time on sales instead.

Thanks cherroy! But how do I value my inventory? Do I value it based on it's RSP or its cost?

If it's valued based on cost, my inventory cost fluctuates for instance in Jan'17 my goods cost RM10 per item but by Feb'17, it rises to RM11 per item. Plus my inventory of the same item would have at least 2 to 3 batches with different cost. So do I merely estimate the cost?

If value based on RSP also another challenge as I'm selling the same product at different prices to different people.

Looks like I'm in a bigger mess than expected lol.

I can't use both methods because I couldn't track how many are from Jan batch, how many from Feb batch & so on. I'm running on a very simple method, whenever my inventory fall below a certain quantity, i'll just reorder & then i'll put all the newer ones at the back on the same shelf together with the older batch being in front. So i have vision on my total inventory count for the product but I'm unable to distinguish which one is from which batch. 

Another challenge is, i decided that my accounting period to be 1st Jan to 31 Dec. So based on your "Total profit = Total sales - Total cost + inventory value at the closing date/financial date end", I need to find out my inventory value at 31 Dec right? But what if I don't have the figures for my inventory level as of 31 Dec'17 as I have not been doing stock take? 

Any other method to calculate my profit for LHDN based on my messy & basic tracking?

what document need to keep as a full time home tuition teacher?

Hi, would like to pick the brains from the sifus here.

If I am employed by contract by a FOREIGN company (i.e. no entity present in Malaysia), and I work remotely in Malaysia (a Malaysian as well) for which the salary was paid to my bank account in Malaysia.

The question is:
1) Does the income taxable?
From search from LHDN website seems not taxable. --> LINK

2) Since the company has no entity in Malaysia, they can't contribute the EPF employer's part. They will pay directly to the employee to contribute directly into EPF personally. Would this also be consider taxable income?

Thank u in advance

I am not a tax expert...just asking...why do you need to inform your past earning to your new company? shouldn't it be LHDN instead?

while you are waiting for value added response, you may try read this FAQs....
especially Q4 & Q14

http://lampiran1.hasil.gov.my/pdf/pdfam/FA..._11042011_1.pdf