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

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dwRK
post Nov 11 2021, 10:26 AM

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QUOTE(BacktoBasics @ Nov 11 2021, 08:37 AM)
Another scenario: Possible to claim it using a receipt that is under my brother's name? He did not claim it in his personal tax filing...But I have the physical copy of receipt under his name....

Can I claim?
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"i ask bro to buy pc for me... I paid him back... I'm using the pc" ... yes you can claim, if kena audit probably can explain and show proof... as you didn't intend to cheat

"I found this receipt... let me claim... reduce tax... hahaha"... no you should not claim... but good luck if kena audit
dwRK
post Nov 11 2021, 12:10 PM

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QUOTE(BacktoBasics @ Nov 11 2021, 10:45 AM)
so basically IRB will ask you to show the physical gadget that you purchased during audit?

Not just based on original documents only (Receipt)
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no... starts with paper trails... if they accept your explanation then OK... otherwise you do what you need to do lor... desperate mah otherwise kena fined. .. hahaha

QUOTE(T231H @ Nov 11 2021, 10:50 AM)
If ask friend buy computer, (computer under his name) pay him back in cash... Can claim tax relief myself?
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i ask sister in law buy notebook from USA... i claimed... I still have the notebook so should be no problem if audit

This post has been edited by dwRK: Nov 11 2021, 12:11 PM
dwRK
post Nov 14 2021, 12:36 PM

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QUOTE(ronnie @ Nov 13 2021, 11:47 PM)
Of course not... it's not who pays..it's whose name on the official receipt.
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it says buy for own, spouse & children use... it didn't say receipt must be in you name

you have original receipt with serial & possession of the pc/notebook... easy enough to proof its for own use and you're not cheating IRB

AFAIK... only internet bill they say must be in your name
dwRK
post Nov 14 2021, 01:34 PM

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QUOTE(ronnie @ Nov 14 2021, 01:13 PM)
If the receipt has another person's name (not your spouse or child), you think LHDN will allow ?
If the receipt has no name or "Cash Sales", then you have better chance to plea with LHDN.
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Yes because you have the original receipt, possession of the pc, and login pw, etc to demonstrate its for own use. they cannot reject unless the law say receipt must be in your name... the smell test for the claim is did you try to cheat IRB... answer is no

dwRK
post Dec 2 2021, 12:22 PM

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QUOTE(Wahlberg @ Dec 2 2021, 11:07 AM)
Yes that is correct.. if lets say this year work until may.. what value to put on the total value since will never get pcb deduction?

What about the next next year after next year? Still need to submit? Since ritired already.. no more income

Btw
Thanks for the info, it really help
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next year you should still get final ea2021... use that...

following yrs... no need to file... but be prepared for random audit if <60
dwRK
post Jan 7 2022, 08:42 PM

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QUOTE(hlmilk1122 @ Jan 7 2022, 05:43 PM)
Thanks for reply. Im doing that for past 2 years. But spouse income cannot put 0. So i put rm1  biggrin.gif  biggrin.gif  biggrin.gif . Recently government so hunger for $$$, scared kena korek and finned.  dry.gif  dry.gif  dry.gif
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you must have selected wrongly the joint assessment...where both husband and wife work but wanna assessed together... should select the one where spouse doesn't work has no income...
dwRK
post Jan 11 2022, 08:14 PM

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QUOTE(zeese @ Jan 11 2022, 03:23 PM)
Hi guys. I just received letter from lhdn, requesting supporting documents. The letter says : Sila kemukakan dokumen ... bla bla ... ke pejabat lhdn seperti alamat di atas. 

My question is,

How do I submit the document?  Can I submit it by postage or do I have to personally go to lhdn office?

Thanks.
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i use email mostly... call to find out who to send to
dwRK
post Jan 12 2022, 03:53 PM

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QUOTE(puremage111 @ Jan 12 2022, 03:38 PM)
Is there any framework to pay crypto tax yet?

I am a full time investor now
So as long as i realized my gain, cash out let's say rm60,000 in the entire year

I will report my annual income as rm60,000
Am i doing it right or am i actually paying extra because afaik, capital gain had no tax right?

Alright need some tax pro to solve this tbh
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for active trader... gains are considered income profits... 100% taxable...

IRB not going to be entertaining arguments for capital gain
dwRK
post Jan 24 2022, 05:08 PM

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QUOTE(CoolStoryWriter @ Jan 24 2022, 01:27 PM)
Hi guys want to ask:

What this means?

user posted image

I not sure if I owe the government tax or overpaid. Very confused. Got negative number also
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do your 2021 tax first...
dwRK
post Feb 26 2022, 11:50 AM

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QUOTE(Bl3xin @ Feb 26 2022, 07:41 AM)
How is cryto income taxable? My friend are getting paid in cryto doing gig jobs online. It's not small money coz he has been doing it for many years. His focus is investment, says he accumulated millions and only withdraw once in a while for living expenses isn't it lhdn can't do anything about it?

I also thought about those who received digital income through wallet. There is no way there fella will pay tax, money isn't even directly into their local bank. Online income is still grey area?
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if he is tax residence Malaysia... his income is 100% taxable... doesn't matter where he puts his money or in what form...

it's up to individuals to declare and pay up... what he is doing is tax avoidance...
dwRK
post Feb 27 2022, 02:31 PM

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QUOTE(Human Nature @ Feb 27 2022, 01:54 PM)
This time crazy ar, 18 march. People want to do the filling on 1st  mega_shok.gif
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QUOTE(coolguy_0925 @ Feb 27 2022, 01:57 PM)
Yes I get what you intend to do

File early, get refund early and this Prudential is pulling our legs
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your premium changes every year? you don't know how much you have paid?
dwRK
post Feb 27 2022, 03:51 PM

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i c... never knew this. thanks
dwRK
post Mar 10 2022, 09:10 PM

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QUOTE(reeve-826 @ Mar 10 2022, 12:10 PM)
Any recommended website should we refer to for the conversion rate? One curiosity, if the tax invoice/receipt has already file as expenses for company A, and I file it again as my expense in form B, will they able to detect the duplicate between company A and myself?
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https://www.hasil.gov.my/en/international/f...-exchange-rate/

dwRK
post Mar 23 2022, 12:44 PM

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QUOTE(contestchris @ Mar 23 2022, 12:31 PM)
Hi folks,

If I have to pay tax of RM1,000 for YA 2021, can I pay RM500 this month and a remainder RM500 in April? Or must I do it in one go?
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i would just pay 1000 end of April...
dwRK
post May 10 2022, 12:54 PM

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QUOTE(john123x @ May 8 2022, 01:38 PM)
thats why i am asking about slowly annual tax declaration.

example only:
if 10 years, i profit 50k USD. i will be damned if i am asked to pay tax on whole 50k

therefore, if every year declare 5k annually.
even if kena tax, it wont be exorbitant?

» Click to show Spoiler - click again to hide... «

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tax is calculated on the year you earned... cannot average/distribute it out... lol

This post has been edited by dwRK: May 10 2022, 12:54 PM
dwRK
post Jun 19 2022, 12:28 PM

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QUOTE(adam1190 @ Jun 19 2022, 11:04 AM)
Hi,I just bought an iphone recently (charger not provided).

Hence I bought the charger separately,may I know if i can
claim for lifestyle tax relief for the phone charger purchase?
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Same bill ok
dwRK
post Apr 27 2023, 07:55 AM

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QUOTE(thinkgoodpositive @ Apr 25 2023, 04:10 PM)
Hi, I have received penalty last year (for 2019 tax filing) and paid RM2k while doing appeal process. I manage to appeal it and it showed overpaid tax balance around RM2k and showed in MyTax status already. But it never automatically refund to my bank...the efiling for tax 2022 already refund to me exclude the above RM2k...
How to get back the RM2k overpaid tax?
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contact them... they will refund

efiling only refund tax year, unless you owe them then can contra...

dwRK
post May 8 2023, 09:08 AM

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QUOTE(parambala @ May 8 2023, 08:39 AM)
I read this somewhere in the BENEFITS IN KIND
PUBLIC RULING NO. 11/2019

C. BENEFIT ON FREE PETROL
Benefit on free petrol, whether in the form of petrol card provided by the employer or petrol bill paid by the employer, is
BIK received by the employee pursuant to his employment. The benefit that is taxable is the total value of petrol provided
to the employee.
1. If an employee enjoys the benefit of a motorcar with free petrol, the value of the benefit on petrol to be included will
depend on the method used to value the benefit on the motorcar.
2. Tax exemption on petrol benefits
An employee is given an option to:
(i) determine the amount of free petrol to be taxed based on the annual prescribed value for petrol as per item A2(i)
without any exemption given; or
(ii) enjoy the exemption on free petrol benefit but limited to RM6,000 per year for travelling in exercising an
employment, and the excess exceeding RM6,000 to be chargeable to tax.
If an employee receives free petrol exceeding RM6,000 in exercising his employment, a claim for deduction for
official duties can be made by the employee in computing his employment income. Records pertaining to the
exempted amount and the claim for official duties must be kept for a period of 7 years for audit purposes.
Appendix - 14
The above exemption is NOT applicable to the benefit on motorcar. The value of benefit on motorcar chargeable to
tax is determined based on the formula method or the prescribed value method. Where the motorcar is not provided
throughout the calendar year, the value should be adjusted appropriately based on months or days in accordance with
the period provided.
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usually benefits in kind calculations are done by company... and only taxable amount included in the ea... any exemptions will have been taken out... the company should have a worksheet for your records...

the ea section b is net of benefits in kind... so normally just use the final number...

but i dun work in your company and no idea what stuff they give you... so best you check with your hr... and verify your payslips... if dun have records/instructions showing 6k need to be taken out from ea... you can get into trouble if audited...

dwRK
post May 9 2023, 10:20 AM

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wow this parents medical is more restrictive than i thought...

QUOTE
ITA 1967 - para 46.1.c

an amount limited to a maximum of eight thousand ringgit in respect of medical treatment, special needs or carer expenses expended in that basis year by that individual for his parents and the claim is evidenced by certification of a medical practitioner that the medical conditions of the parents require medical treatment or special needs or carer and—
(i) in the case of medical treatment or special needs, a receipt on the amount expended; or
(ii) in the case of carer, a written certification or receipt from, or work permit of, the carer:

Provided that for the purpose of this paragraph—
(a) “carer” shall not include that individual, his wife or her husband or the child of the individual;
(b) “parents” shall be individuals resident in Malaysia;
© the medical treatment and care services are provided in Malaysia; and
(d) the medical practitioner is registered with the Malaysian Medical Council.
and

QUOTE
be2022 notes:

Medical treatment, special needs and carer expenses incurred on parents is allowed as a deduction up to RM8,000. Parents refer to natural parents or foster parents where the individual is an adopted child.

Expenses on medical treatment for parents which qualify for deduction include:
(i) medical care and treatment provided by a nursing home; and
(ii) dental treatment limited to tooth extraction, filling, scaling and cleaning but excluding cosmetic dental treatment expenses such as teeth restoration and replacement involving crowning, root canal and dentures.

Such claim must be evidenced by a medical practitioner registered with Malaysian Medical Council (MMC) certifying that the medical condition of parents requires medical treatment, special needs or a carer.
Parents shall be individuals resident in Malaysia.
The medical treatment and care services are provided in Malaysia.
In the case of carer, a receipt or written certification from carer, or work permit of the carer. ‘Carer’ shall not include that individual, his wife or her husband or the child of the individual concerned.
looks like for old folks home type medical treatment and hospice care... not your usual fever flu headache visits to the doctor down the road?... hmm.gif


dwRK
post May 9 2023, 03:11 PM

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QUOTE(1mr3tard3d @ May 9 2023, 11:31 AM)
the wording in the legislation would carry different meanings
distinguish between 'or' vs 'and'
as well as 'include' vs 'mean'
so in case of medical treatment, need to satisfy both conditions
1: certification of a medical practitioner that the medical conditions of the parents require medical treatment/special needs
and
2: a receipt
there is no definition of medical treatment within the ITA1967
the wording 'include' suggest that the list is not exhaustive

note: the BE note used the word 'and' instead of 'or', i would refer to ITA1967 though
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would be so much better if written "medical care and treatment provided by gp, hospital & nursing home...", but gp and hospital are conspicuously missing...

i usually see it written "include, but not limited to..." to mean more than what's listed...

anyways, i would just claim and argue with irb officers when audited biggrin.gif


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