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Income Tax Issues v4, Scope: e-BE and eB only
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nexona88
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Jul 2 2015, 04:28 PM
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QUOTE(sidanos @ Jul 2 2015, 01:05 PM) Hi guys, instead of calling LHDN, any other way that we can check which branch are out taxes being filed? I tried to check in the lhdn website but im unable to find the info(not sure if im looking at the right place). Need to check the branch that my wife's tax are filed. TIA. nope. need to call them
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nexona88
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Aug 4 2015, 08:26 PM
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Received "love letter" from Taxman. Tax file is being investigated & they would call for future info / more document within 3month if needed
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nexona88
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Sep 13 2015, 11:06 PM
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QUOTE(TheAccountant @ Sep 11 2015, 11:05 PM) Just curious. Is glucose testing tool tax deductible? Thanks I think can
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nexona88
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Sep 26 2015, 03:07 PM
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normally it's 7 year only, but looking how "bad" the current situation. don't be surprise if LHDN dig out YA 2000 income tax filing also
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nexona88
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Oct 23 2015, 04:34 PM
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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
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nexona88
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Oct 23 2015, 08:07 PM
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QUOTE(David83 @ Oct 23 2015, 07:59 PM) Jibby learned from the best but Obama one is 30% effective federal tax rate, compare with 28% in BolehLand
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nexona88
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Oct 23 2015, 08:14 PM
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QUOTE(alexanderclz @ Oct 23 2015, 08:11 PM) tax too much (income tax + gst) and the rich will move out. who gonna subsidize the poor then.  crony won't move out, they would "subsidize the poor"
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nexona88
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Oct 27 2015, 11:09 PM
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Federal govt seeks to tighten tax laws, ups fine for those failing to file returns QUOTE Those found guilty of not doing so for two years or more can be jailed up to six months, or fined up to RM20,000, or both, according to its proposed amendments to the Income Tax Act 1967 (ITA).
The monetary penalty for those found guilty of doing so for one year is between RM200 and RM2,000, according to the Finance Act 2015 Bill tabled for the first reading to amend the ITA and five other existing tax laws today.
Currently, anyone who fails to furnish a return can only be fined up to RM2,000 — or jailed not more than six months — or both, regardless of the number of years the tax returns were not filed. http://www.theedgemarkets.com/my/article/f...?type=Corporate
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nexona88
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Oct 29 2015, 06:59 PM
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The Inland Revenue Board (IRB) will penalise 65,392 company and non-company employers for not submitting the Form E for year of assessment 2014.
Chief Executive Officer Tan Sri Mohd Shukor Mahfar said for year of assessment 2014 ended Mar 31, 2015, a total of 476,095 company and non-company employers were registered with the board.
"Of the total, 410,703 employers had filed their tax assessment statements," he said when met after the launch of the National Tax Seminar 2015 here.
Of this number, 280,492 company employers had submitted their Form E, 128,643 of whom used e-filing and 151,849 submitted manually, he said.
The IRB has made it mandatory for company employers to submit their Form E online from year of assessment 2016.
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nexona88
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Nov 1 2015, 12:30 PM
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QUOTE(supersound @ Nov 1 2015, 12:16 PM) Sheet, still need to pay 25%  gomen say thank you for paying taxes
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nexona88
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Nov 2 2015, 05:58 PM
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IRB expects RM132bil in taxes in 2016 QUOTE ts Chief Executive Officer, Tan Sri Dr Mohd Shukor Mahfar, said the target would also depend on the world's economic condition, especially the fluctuating oil prices.
We are monitoring the situation, considering that RM100bil was collected on Oct 30 under a not favourable economic condition compared to Oct 5 last year," he said.
Mohd Shukor said for this year's collection, the Finance Ministry has also earlier reduced its target from RM142bil to RM130bil because of the fall in oil prices. http://www.thestar.com.my/Business/Busines...2016/?style=biz
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nexona88
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Jan 2 2016, 01:23 PM
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yes. that's should be correct.
Jibby did reduce income tax rate for 2016
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nexona88
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Jan 5 2016, 10:02 PM
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QUOTE(peeyaw @ Jan 5 2016, 09:43 PM) Guys.. Need advise.. I've filed my tax return for year 2014 and necessary refunds have been given to me.. Today, I received a letter from them saying that I have Rm1k+ tax unpaid for year 2014.. How is this possible when I've already filed my tax in time and I get refunded for excess tax paid.. And now they telling me I still have unpaid tax for that year that's weird  guess they "found something fishy". so now u needed to pay up
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nexona88
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Jan 6 2016, 10:33 PM
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QUOTE(peeyaw @ Jan 6 2016, 09:07 AM) NOPE no details given.. They just state the amount I need to pay that's all.. I've called them N they just tell me it's cukai tambahan.. Can I know what does it mean? If it's fishy they can just ask me to produce documents to prove it but they didn't lol cukai tambahan? seriously they simply put new figure ah
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nexona88
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Jan 28 2016, 12:30 PM
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More tax break to those low income people..
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nexona88
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Mar 2 2016, 07:11 PM
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LHDN gonna use "baucer bayaran" instead of Cheque for those didn't give bank account number for Tax Refund starting 1st April 2016. It's for individual taxpayer only.
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nexona88
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Mar 2 2016, 10:00 PM
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QUOTE(David83 @ Mar 2 2016, 07:55 PM) What is baucer bayaran? How does it work? u know the previous BR1M payment where u go bank to cash out the baucer. Same like that the person name printed on the baucer bayaran needed to be present & his/her mykad together presented to bank counter LHDN would post the baucer bayaran to your house address. No More cheque
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nexona88
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Mar 2 2016, 10:19 PM
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QUOTE(David83 @ Mar 2 2016, 10:15 PM) What is the difference? Looks like about the same to me!  according to LHDN, cheque can be forged while baucer bayaran not they received so many complaints especially those staying in high rise.
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nexona88
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Mar 5 2016, 06:10 PM
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QUOTE(Icehart @ Mar 5 2016, 03:21 PM) Hello guys, Government is now running "special promo" for tax evaders, people who doesn't file income tax and those who has understated your income. Better to surrender and pay a penalty as low as 15% - 20% rather than 100% - 400% later. This promo ends Dec 15. Audit cases 25% - 30% during this "promo" period. https://lh3.googleusercontent.com/IP-nhzKRj..._=w970-h1293-nogomen really desperate for money now
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