Income Tax Issues v4

Lowyat.NET forums

Lowyat.NET Kopitiam Garage Sales

Lowyat.NET Rules and Regulations FAQ Help Search Members

Welcome Guest ( Log In | Register )

Lowyat.NET -> Finance, Business and Investment House

Bump Topic Add Reply RSS Feed

34 Pages 1 2 3 > » Bottom

Outline · [ Standard ] · Linear+

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

views

SUSDavid83	Jun 26 2015, 08:45 PM, updated 7y ago Return to original view \| Post #1
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	Are you subjected to income tax? QUOTE Individu yang mempunyai pendapatan penggajian tahunan melebihi RM25,501 (selepas potongan KWSP) perlu mendaftar fail cukai pendapatan. Mulai Tahun 2010 individu yang mempunyai pendapatan penggajian tahunan melebihi RM26,501 (selepas potongan KWSP) perlu mendaftar fail cukai pendapatan. Walau bagaimanapun, mulai Tahun 2013 individu yang mempunyai pendapatan penggajian tahunan melebihi RM30,667 (selepas potongan KWSP) perlu mendaftar fail cukai pendapatan. Walau bagaimanapun, mulai Tahun 2015 individu yang mempunyai pendapatan penggajian tahunan melebihi RM34,000 (selepas potongan KWSP) perlu mendaftar fail cukai pendapatan. Sekiranya pekerja layak dikenakan potongan PCB, pekerja dinasihatkan mendaftar fail cukai pendapatan terlebih dahulu sebelum potongan PCB dibuat. URL: http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=2 Next: Preparing personal income tax returns Income Tax 101 by RP: https://ringgitplus.com/en/blog/Personal-Fi...18-YA-2017.html Important links QUOTE LHDN website: http://www.hasil.gov.my/ e-Daftar: http://edaftar.hasil.gov.my/ e-filing website: https://e.hasil.gov.my/ or https://ez.hasil.gov.my/CI/Login.aspx e-lejar website: http://www.hasil.gov.my/ Tax payment using credit card: http://byrhasil.hasil.gov.my/creditcard/ Sample of e-ledger: » Click to show Spoiler - click again to hide... « Critical shortcuts QUOTE Tax brackets: http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=11 PCB table 2010: http://www.hasil.gov.my/pdf/pdfam/SCHEDULESTD2010.pdf PCB table 2012: http://www.hasil.gov.my/pdf/pdfam/MTD_Notes_2012.pdf PCB table 2015: http://www.hasil.gov.my/pdf/pdfam/PCB_2015.pdf PCB table 2016: http://www.hasil.gov.my/pdf/pdfam/Jadual_PCB_2016.pdf PCB table 2018: http://www.hasil.gov.my/pdf/pdfam/Jadual_PCB_2018.pdf More important links QUOTE Taxable source of incomes: http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=4 Tax-free income: https://asklegal.my/p/tax-exemptions-malays...income-sourcces Eligible personal relieves: http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1 Eligible personal rebates: http://www.hasil.gov.my/goindex.php?kump=5...5&unit=1&sequ=1 Eligible donation & gifts: http://www.hasil.gov.my/goindex.php?kump=5...4&unit=1&sequ=1 Tax offences, fine and penalty: http://www.hasil.gov.my/goindex.php?kump=5...1&cariw=penalti Rental income How to calculate for rental income: http://www.hasil.gov.my/pdf/pdfam/PR4_2011.pdf Definition of "computer" for RM 3k relief every 3 years starting 2013: ---> ended in YA2016 » Click to show Spoiler - click again to hide... « Source: http://www.hasil.gov.my/pdf/pdfam/Definition_of_computer.pdf Previous versions v1: https://forum.lowyat.net/topic/1840158 v2: https://forum.lowyat.net/topic/1903172 v3: https://forum.lowyat.net/topic/3087789 Useful documents » Click to show Spoiler - click again to hide... « QUOTE BE 2011 Sample manual 2011 BE form: http://www.hasil.gov.my/pdf/pdfborang/Borang_BE_2011_1.pdf Guide to fill: http://www.hasil.gov.my/pdf/pdfam/BP_BE2011_1.pdf Explanatory notes: http://www.hasil.gov.my/pdf/pdfam/Nota_Pen...an_BE2011_1.pdf BE 2012 Explanatory notes: http://www.hasil.gov.my/pdf/pdfam/Nota_Pen...an_BE2012_1.pdf BE 2013 Explanatory notes: http://www.hasil.org.my/pdf/pdfam/Nota_Pen...gan_B2013_1.pdf Summary of BIK: http://www.millionsystem.com.my/article.php?id=38 Special relief of RM 2k for annual aggregate income up to RM 96k BE 2014 Explanatory notes: http://www.hasil.org.my/pdf/pdfam/Nota_Pen...gan_B2014_1.pdf BE 2015 Explanatory notes: http://www.hasil.gov.my/pdf/pdfam/Nota_Pen...an_BE2015_1.pdf Special relief of RM 2k for annual aggregate income up to RM 96k BE 2016 Explanatory notes: https://ef.hasil.gov.my/eBE2017/temp/NotaBE.pdf BE 2017 Explanatory notes: https://ef.hasil.gov.my/eBE2018/temp/NotaBE.pdf BE 2018 Explanatory notes: https://ef.hasil.gov.my/eBE2019/temp/NotaBE.pdf Tax for dividend and distribution* No longer applicable as replaced by single tier system. Details at: http://www.hasil.gov.my/bt_goindex.php?bt_...db2728297decb63 » Click to show Spoiler - click again to hide... « Sample of tax receipt from fund/investment house: Click on the HK3 section and fill up the details. Guide by FSM: URL: http://www.fundsupermart.com.my/main/resea...?articleNo=3246 Tax Filling For Unit Trust Dividends; March 13, 2013 We give you the lowdown on how dividend payouts affect a unit trust's NAV, the tax credit applicable to you on such dividends and also how to fill up your tax returns. Single-tier System: http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=15 How to apply for e-filing PIN? » Click to show Spoiler - click again to hide... « QUOTE Bagaimana Mendapatkan No. PIN ? Permohonan No. PIN e-Filing bagi mendaftarkan sijil digital individu atau organisasi perlu dibuat melalui kaunter Lembaga Hasil Dalam Negeri Malaysia (LHDNM) disaluran berikut:  Cawangan LHDNM  Pusat Transformasi Bandar (UTC)  Pusat Khidmat Hasil (PKH). URL: http://lampiran1.hasil.gov.my/pdf/pdfam/Ta...ineFiling_1.pdf To make payment for insufficient deduction through PCB » Click to show Spoiler - click again to hide... « Kod Bayaran: 095 (Bayaran Cukai Pendapatan (tidak termasuk skim ansuran)) No Ansuran: 99 More details: http://www.hasil.gov.my/goindex.php?kump=5...nit=5000&sequ=7 Income tax can now be paid through credit and debit cards URL: http://www.thestar.com.my/News/Nation/2015/03/02/Income-tax/ 0.8% processing fee will be imposed Payment link: http://byrhasil.hasil.gov.my/creditcard/ How to fill tax relief for insurance policy? » Click to show Spoiler - click again to hide... « QUOTE 1. Obtain the annual statement from the insurance provider. 2. Under explanatory note section, it'll define what is the allocation in term of percentage for each category of the policy that is entitled for personal income tax relief. 3. Do take note that life insurance tax relief is shared with EPF contribution relief (employee share) up to max of RM 3000 per year of assessment 4. Additional tax relief up to max of RM 3000 per year of assessment will be given for education and/or medical insurance policy 5. On top of that, one can also claim for tax relief up to max of RM 3000 per year of assessment for deferred annuity scheme or private retirement scheme (PRS). Please check with your annuity provider or PRS provider if your wealth management product is eligible for income tax relief. Sample of annual statement from insurance provider: » Click to show Spoiler - click again to hide... « Check for approved/registered institution on donation under Subseksyen 44(6) ACP 1967 http://www.hasil.gov.my/bt_goindex.php?bt_...nit=8&bt_sequ=1 Additional Read-ups: Things That Might Seem Tax Deductible but Actually Are Not URL: https://ringgitplus.com/en/blog/Personal-Fi...y-fbsoc-gen-gen Definition of BROADBAND: QUOTE Reply 1 from LHDN: » Click to show Spoiler - click again to hide... « Berhubung pelepasan cukai gaya hidup mengenai langganan internet, berikut dikemukakan pengesahan daripada pihak Kementerian Kewangan : 1. Bagi bayaran pakej internet yang tiada pecahan untuk amaun panggilan dan juga bayaran lain, amaun yang tertera di bil adalah terpakai untuk pakej internet dan layak bagi tujuan pelepasan cukai; 2. Bagi bayaran bil yang mengasingkan caj internet dan panggilan/SMS , maka amaun bayaran untuk internet sahaja yang layak menuntut pelepasan cukai. 3. Pelepasan adalah tidak termasuk dengan Cukai Barangan dan Perkhidmatan (GST). Setiap tuntutan di atas hendaklah disokong dengan resit Reply 2 from LHDN: » Click to show Spoiler - click again to hide... « PAYMENT OF MONTHLY BILL FOR INTERNET SUBSCRIPTION Payment of monthly bill for internet subscription under own name for own use or for the use by own husband / wife or child Subparagraph 46(1)(p)(iv) of ITA 1967. Internet subscription are applicable for all type of telco package, not included GST. For claim on relief with respect to expenditure which includes the payment of Goods & Services Tax (GST), the allowable deduction shall EXCLUDE the amount of GST. Jika tuan mempunyai pertanyaan lanjut, sila hantarkan pertanyaan tuan melalui Borang Maklumbalas Online kami yang boleh dicapai melalui sambungan: http://maklumbalas.hasil.gov.my Sekian, terima kasih. "HASIL4U" "HASIL TEMAN KECERIAAN ANDA" (Rahana Md Radzi) HASiL Care Line Jabatan Khidmat Korporat Lembaga Hasil Dalam Negeri Malaysia List of all public rulings: http://www.hasil.gov.my/bt_goindex.php?bt_...sequ=1&bt_lgv=2 This post has been edited by David83**: Mar 25 2019, 03:20 PM
Card PM	Report Top Like Quote Reply

SUSDavid83	Jun 26 2015, 08:45 PM Return to original view \| Post #2
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	Continue from: https://forum.lowyat.net/topic/3087789/+2480 nicholaskong liked this post
Card PM	Report Top Like Quote Reply

SUSDavid83	Jun 26 2015, 10:32 PM Return to original view \| Post #3
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(wil-i-am @ Jun 26 2015, 10:32 PM) annyeong haseyo Mwo haeyo?
Card PM	Report Top Like Quote Reply

SUSDavid83	Jun 26 2015, 11:38 PM Return to original view \| Post #4
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(Kurosagi @ Jun 26 2015, 11:23 PM) with monthly income of RM4500 is the PCB around RM380 correct ? Or is it too high ? With the new PCB table effective 2015, RM 4500 gross income will be having RM 108.85 URL: http://www.hasil.gov.my/pdf/pdfam/PCB_2015.pdf
Card PM	Report Top Like Quote Reply

SUSDavid83	Jun 27 2015, 04:20 AM Return to original view \| Post #5
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(MiztaLegendary @ Jun 27 2015, 12:14 AM) Is the tax charged after deducting the epf n socso from the income? For PCB deduction, the estimation is based on nett salary after EPF deduction.
Card PM	Report Top Like Quote Reply

SUSDavid83	Jun 27 2015, 09:03 AM Return to original view \| Post #6
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(toomanyrulez @ Jun 27 2015, 06:59 AM) Hey guys. I don't know how to ask this.. But the thing is this.. I am starting to work in internet marketing, so my pay usually come to my paypal account. So do I have to pay for tax? Or the tax is automatically deducted when I transfer from my paypal account? Tax won't be automatically deducted in Paypal.
Card PM	Report Top Like Quote Reply

SUSDavid83	Jun 28 2015, 11:21 AM Return to original view \| Post #7
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(Kurosagi @ Jun 27 2015, 10:55 AM) yea with allowance total income 4.5k Maybe your HR treat the allowance as bonus. It's better for you to check with your company payroll team. Besides, some company may be still using the old PCB table dated 2012.
Card PM	Report Top Like Quote Reply

SUSDavid83	Oct 23 2015, 07:59 PM Return to original view \| Post #8
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(nexona88 @ Oct 23 2015, 04:34 PM) Cukai pendapatan dinaikkan kpd 26% drpd 25% bg mereka yg berpendapatan antara RM600k-RM1juta Cukai pendapatan dinaikkan kpd 28% drpd 25% bg mereka yg berpendapatan lebih RM1juta #Bajet2016 Source: http://www.thestar.com.my/Business/Busines...-tax/?style=biz Cukai orang kaya ... he's ahead of Obama!
Card PM	Report Top Like Quote Reply

SUSDavid83	Oct 26 2015, 02:16 PM Return to original view \| Post #9
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(andyfriends @ Oct 26 2015, 01:53 PM) can i check, if for general allowance, is it taxable? any particular act that i can refer to? Fixed recurring allowance is taxable. Non-taxable or tax-exempt allowance will be put under BIK section of EA form.
Card PM	Report Top Like Quote Reply

SUSDavid83	Oct 26 2015, 02:16 PM Return to original view \| Post #10
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(andyfriends @ Oct 26 2015, 01:53 PM) can i check, if for general allowance, is it taxable? any particular act that i can refer to? Fixed recurring allowance is taxable. Non-taxable or tax-exempt allowance will be put under BIK section (Section G) of EA form. This post has been edited by David83: Oct 26 2015, 11:29 PM
Card PM	Report Top Like Quote Reply

SUSDavid83	Oct 26 2015, 08:48 PM Return to original view \| Post #11
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(elv2k @ Oct 26 2015, 08:41 PM) Can I claim relief if I buy glasses for parent? Especially if the glasses are those expensive bifocals/ progressive lenses? Does it prescribe by the doctor? I doubt glasses are considered medical expenses for parents.
Card PM	Report Top Like Quote Reply

SUSDavid83	Oct 26 2015, 11:28 PM Return to original view \| Post #12
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(andyfriends @ Oct 26 2015, 11:19 PM) what are the categories of fixed recurring allowance n Non-taxable or tax-exempt allowance ? where can i read up? Try this link: http://www.millionsystem.com.my/article.php?id=38
Card PM	Report Top Like Quote Reply

SUSDavid83	Oct 26 2015, 11:35 PM Return to original view \| Post #13
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(andyfriends @ Oct 26 2015, 11:31 PM) need to keep receipt or as long as the allowances are kept within that range then is fine? any source in case nd to argue with irb If it's tax exempt, no need to keep the receipts as I believe you'll be submitting the original receipts to your HR for claim or reimbursement. Your HR is responsible to put that amount into Section G. If taxable, then no need to keep since it already incurs tax. This post has been edited by David83: Oct 26 2015, 11:36 PM
Card PM	Report Top Like Quote Reply

SUSDavid83	Oct 26 2015, 11:43 PM Return to original view \| Post #14
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(andyfriends @ Oct 26 2015, 11:38 PM) what about general allowance?under which category? my fren co has general allowance max 6k even no rec also can claim.. Different company has different practice or policy of defining it. General allowance up to RM 6k should be: QUOTE Petrol card, petrol allowance, travelling allowance or toll payment or any of its combination for official duties. If the amount received exceeds RM6,000 a year, the employee can make a further deduction in respect of the amount spent for official duties. Records pertaining to the claim for official duties and the exempted amount must be kept for a period of 7 years for audit purpose.
Card PM	Report Top Like Quote Reply

SUSDavid83	Oct 31 2015, 01:58 PM Return to original view \| Post #15
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(Human Nature @ Oct 31 2015, 12:47 PM) Guys, just to check..so there is no % rate cut announced in budget? I recall they touted it as one of the measure when GST was introduced last time.. The new tax rate upon the implementation of GST is already in effect this year (2015) from Budget 2015. It'll affect those which have annual taxable income below RM 1 million. All tax brackets could observe a reduction of 1 to 3%. However, starting 2016, those earning annual taxable income above RM 600k will see an increase of 3 to 4% QUOTE The threshold for the top income tax rate has been raised to RM600,000 and above, from RM400,000 and above previously, and the maximum tax rate - reduced last year from 26% to 25% - has been increased to 28%. For those earning chargeable income of RM600,000 to RM1mil, their tax rate has been lifted from 25% to 26%; while those making more than RM1mil will be taxed 28%. Last year the rich had got a reprieve when the tax rate for those earning more than RM400,000 was cut from 26% to 25%. URL: http://www.thestar.com.my/Business/Busines...-tax/?style=biz
Card PM	Report Top Like Quote Reply

SUSDavid83	Oct 31 2015, 02:36 PM Return to original view \| Post #16
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(Human Nature @ Oct 31 2015, 02:34 PM) Up till now, the table for 2015 is not released yet? Just hope they dont back track on this. Who said not released: http://www.hasil.gov.my/goindex.php?kump=5...it=5000&sequ=11
Card PM	Report Top Like Quote Reply

SUSDavid83	Nov 24 2015, 03:48 PM Return to original view \| Post #17
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(eric8188 @ Nov 24 2015, 03:02 PM) SSPN for 2015 assessment year is 3000 or 6000 limit? Net saving in SSPN's scheme (with effect from year assessment 2012 until year assessment 2017) \| 6000 URL: http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1 This post has been edited by David83: Nov 24 2015, 03:57 PM
Card PM	Report Top Like Quote Reply

SUSDavid83	Dec 3 2015, 07:40 PM Return to original view \| Post #18
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(iSmart @ Dec 3 2015, 03:48 PM) If my pay slip got deduction pcd that's mean already pay income tax No need to do anything ? Whether that is sufficient or not, you need to assess later during the filing. If you have relieves to claim back, you could have refund instead.
Card PM	Report Top Like Quote Reply

SUSDavid83	Dec 7 2015, 08:38 AM Return to original view \| Post #19
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(smallcrab @ Dec 6 2015, 11:48 PM) is the e-lejar still in operation? I want to check personal income tax transaction, but once log-in E-lejar always show under maintenance. The down time for this page is very high. Not a shocker though!
Card PM	Report Top Like Quote Reply

SUSDavid83	Feb 29 2016, 07:41 PM Return to original view \| Post #20
20k VIP Club All Stars 52,874 posts Joined: Jan 2003	QUOTE(clamp_wl @ Feb 29 2016, 07:07 PM) Sorry, newbie to income tax and filing. I would like to ask as I work in company A for 3 months in 2015 and the remaining 9 months in another company. In this case I will be subjected to two EA forms from the respective company? During filing, you put your latest company No Majikan but you need to combine both EA forms for filing purpose.
Card PM	Report Top Like Quote Reply

« Next Oldest · Finance, Business and Investment House · Next Newest »

34 Pages 1 2 3 > » Top

Add Reply Options

Change to:

0.2099sec

0.46

7 queries

GZIP Disabled
Time is now: 6th December 2025 - 06:35 PM

All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)

Removal Request

Powered by Invision Power Board © 2025 IPS, Inc.