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

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blibala
post Nov 1 2020, 11:14 PM

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Anyone has more detail on the penjana RM2.5k tax relief for buying gadget for WFH?

Does it mean that it is in addtion to existing Rm2.5k lifestyle tax relief?

Any T&C posted? Cant find any detail for this.
blibala
post Nov 2 2020, 01:56 AM

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QUOTE(MUM @ Nov 1 2020, 11:45 PM)
googled and found this...

Special Tax Relief
To support employees under work from home arrangements, a special tax relief of up to MYR 2,500 is available to resident individuals for the purchase of a handphone, notebook, or tablet from 1 June 2020 to 31 December 2020.

The special tax relief is claimable for YA2020 only.

The above is in addition to the existing “lifestyle relief” of MYR 2,500 whereby the cost of purchasing a handphone, notebook, or tablet is claimable by resident individuals as part of the “lifestyle relief.”
https://home.kpmg/xx/en/home/insights/2020/...t-2020-298.html

........................
Special individual income tax relief of up to RM2,500 on the purchase of handphone, notebook & tablet [Effective: 1 June 2020]

This is on top of the existing lifestyle tax relief of RM2,500 that is applicable to similar purchases as well as other items such as reading materials, sports equipment and broadband subscriptions.
https://www2.deloitte.com/content/dam/Deloi...covery-plan.pdf
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Ya. These are the basix info can get from the web. No detail of T&C to claim this relief

blibala
post Nov 2 2020, 09:40 AM

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QUOTE(MUM @ Nov 2 2020, 07:50 AM)
Mind giving some hints of the expected T&C you expected to see?
When to buy,
What to buy n how much can buy are already mentioned
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Whether do we need employer letter to confirm the need to purchase for WFH? Can i claim 2 mobile photo for same assessment year (under lifestyle and penjana)?
blibala
post Nov 6 2020, 07:39 PM

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QUOTE(MUM @ Nov 6 2020, 04:45 PM)
as per latest Budget proposal as at
06/11/2020
16:43
The maximum tax relief for individual, spouse and children's medical expenses for serious medical ailments raised to RM8,000 from RM6,000

16:45
Tax relief
The government will raise the tax relief limit on personal, spouse and child medical treatment for serious illnesses from RM6,000 to RM8,000. In addition, the tax relief for a full health screening will be increased from RM500 to RM1,000.
The tax relief on expenses for medical treatment, special needs and parental care has also been raised from RM5,000 to RM8,000.

16:48
the government will expand the scope of tax exemption for the medical treatment covering vaccination expenses such as pneumococcal, influenza and Covid-19.
Tax exemption will be given for the vaccination costs for self, spouses and children limited to RM1,000.

17:08
LOWER TAXES … for some
The income tax of those earning between RM50,001 and RM70,000 will be lowered by one percentage point, expected to benefit 1.4 million taxpayers.
For a period of two assessment years, the income tax exemption limit for compensation paid upon job loss will be increased from RM10,000 to RM20,000 for every year of service completed.

17:31
Higher lifestyle tax relief
The limit of the ‘lifestyle tax relief’ has been raised from RM2,500 to RM3,000, which is an increase of RM500 specifically for sports-related expenditure, including entrance participation fees for sports competitions. The scope of the relief has also been expanded to include subscription to electronic newspapers.

https://www.thestar.com.my/news/nation/2020...t-2021-liveblog
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New budget never benefit m40 much... Useless

blibala
post Jan 19 2021, 10:39 PM

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QUOTE(MUM @ Jan 18 2021, 04:49 PM)
Tax exemptions for computers, handphones, and tablets worth below RM2,500 to be extended until Dec 31, 2021  thumbup.gif  thumbup.gif

MCO 2.0: PM announces aid packages worth RM15bil
By RASHVINJEET S. BEDI and ASHLEY TANG

Monday, 18 Jan 2021

https://www.thestar.com.my/news/nation/2021...e-worth-rm15bil
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Yeah. Good to hear about this extension. But can we combine both? If i bought a 5k laptop or phone, can i claim to max under both categories?
blibala
post Jan 23 2021, 06:43 PM

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QUOTE(iamloco @ Jan 23 2021, 06:21 PM)
What about this sms confirmation?

user posted image
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Not entitled as there is voice call package inside.
blibala
post Jan 23 2021, 09:41 PM

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QUOTE(iamloco @ Jan 23 2021, 07:03 PM)
So even if normal postpaid plan also not entitled since they all bundle internet+call+sms altogether?
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Yes
blibala
post Feb 27 2021, 06:08 PM

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QUOTE(GrumpyNooby @ Feb 27 2021, 04:24 PM)
Additional lifestyle relief for the purchase of personal computer, smartphone or tablet [Does NOT include additional charge for warranty] for own use or for the use by own husband / wife or child, and NOT being used for the purpose
of own business

The allowable deduction for this additional relief is the amount expended or deemed to be expended limited to RM2,500 for purchases made during the period between 1 June 2020 to 31 December 2020 only.

Example:
Mr Lim bought a smartphone for RM2,000 on 1/3/2020. He also bought a laptop for his son's use for RM4,000 on 15/7/2020.

Tax Treatment: Purchase of a laptop on 15 July 2020 is allowed for claim under F8b limited to RM2,500. While another RM500 from the purchase of the laptop and the expense of buying a smartphone of RM2,000 (1 March
2020) can be claimed under F8a limited to RM2,500.
Paragraph 46 (1)(p) and Paragraph 46 (1)(t) of the ITA 1967

user posted image

Good news, apparently one can claim an expensive device bought later after 1/6/2020 for both F8a(ii) and F8b with a single tax invoice/receipt.

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Hope the same can be applied to 2021 too
blibala
post Mar 6 2021, 02:44 PM

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Sigh. Still waiting for allianz annual statement. Wonder why it is so slow.
blibala
post Mar 18 2021, 02:05 AM

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QUOTE(ironman16 @ Mar 17 2021, 06:48 AM)
Got tnc.
Keep ur parents ic photocopy as proof.
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May i know why need ic?what tnc?
blibala
post Feb 18 2022, 01:27 PM

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Hi. not sure this question asked before.

If i purchase a gadget with 24 month 0% instalment in 2021, do i claim tax relief based on full amount for ya 2021 or based on monthly instalment amount x 12 month?

Thanks.
blibala
post Mar 22 2022, 11:20 AM

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This year refund ia very slow... Submitted on 2/3 and no news yet.. Last year damn fast
blibala
post Mar 22 2022, 12:13 PM

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QUOTE(MUM @ Mar 22 2022, 11:36 AM)
Just asking,...
When was the last time you were audited?
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Never wor.. Why? Is it bad sign i will kena audit?
blibala
post Mar 22 2022, 01:04 PM

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QUOTE(MUM @ Mar 22 2022, 12:32 PM)
Most probably not,...
But I think I read past posting by forummers,...
Mentioning that if you did not receives news abt your refund, in a month or 2,... If you call to enquires,... They will ask you to bring documents related to details submitted during your income tax return filing
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Make me scare only... Taksiran disifatkan and hopefully refund will be in soon
blibala
post Mar 22 2022, 06:28 PM

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QUOTE(Secret_Garden @ Mar 22 2022, 06:01 PM)
Yes Voucher letter, they didn't refund directly to my bank even previously they did.
Go to cimb bank today to get the money still kena charge for RM2. KNS. if you don't have an account with CIMB.
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That is really troublesome and somemore covid case is still high
blibala
post Mar 7 2023, 04:09 PM

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To claim for kindergarten fee, how do we know if the kintergarten is registered and entitle to claim?

anyone knows?
blibala
post Mar 7 2023, 04:56 PM

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QUOTE(MUM @ Mar 7 2023, 04:11 PM)
googled and found this,...

13. Childcare and kindergarten fees: ≤ RM3,000
Parents with children in daycare centres or kindergartens can claim a tax relief limited to RM3,000.

If the couple chooses to file separately, this deduction can only be claimed by either the child’s mother or father. This relief is extended to YA 2024.

https://vulcanpost.com/812626/lhdn-tax-reli...0to%20YA%202024.

attached image is from
https://www.hasil.gov.my/media/k53djpyv/exp...es_be2022_2.pdf

Perhaps can ask the kindergarten to provide you the info of how to or where to check?
or can ask
https://www.moe.gov.my/en/education/private...n-tadika-swasta
or
Getting Private Kindergarten List
GETTING PRIVATE KINDERGARTEN LIST

A list of private kindergartens registered with the Ministry of Education can be reviewed via the  e-Prasekolah System.

Other private kindergartens can also be checked via the following links:
https://www.malaysia.gov.my/portal/content/29449
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You are human ChatGPT...... notworthy.gif notworthy.gif notworthy.gif
blibala
post Mar 15 2023, 12:47 PM

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QUOTE(hlmilk1122 @ Mar 15 2023, 12:07 PM)
Any Sifu may explain what is this 'paparan bil' Means i need to pay bil for past >20 years back?

user posted image
user posted image
user posted image
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I also have this. Wondering what is that.. Since i do not know then i just ignore it..
blibala
post Oct 31 2024, 12:29 PM

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-

This post has been edited by blibala: Nov 3 2024, 10:21 AM

 

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